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Data as of Nov 4, 2026.

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Income ETFs

GPIX vs QLDY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QLDY paid 35.3% of its price in cash against GPIX’s 8.8%, though GPIX returned more with it reinvested.

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Net assets on Nov 3, 2026: $6.4bn for Goldman Sachs S&P 500 Premium Income ETF and $53m for Defiance Nasdaq 100 LightningSpread Income ETF.

GPIX on its own →QLDY on its own →
At a glance
8.8%
GPIX cash paid, 1 year
35.3%
QLDY cash paid, 1 year
+15.6%
GPIX total return, 1 year
+9.1%
QLDY total return, 1 year
GPIX · 1 year to Nov 4, 2026 0.8 pts ahead of SPY
GPIX
+15.6%
SPY
+14.8%

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% of it arrived as cash

0.8 pts ahead of SPY

Total return, distributions reinvested

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% cash

0.8 pts ahead of SPY

8.8% of it arrived as cash. Total return, distributions reinvested. GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
QLDY · 1 year to Nov 4, 2026 3.2 pts behind QQQ
QLDY
+9.1%
QQQ
+12.3%

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% of it arrived as cash

3.2 pts behind QQQ

Total return, distributions reinvested

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% cash

3.2 pts behind QQQ

35.3% of it arrived as cash. Both charts share one scale, with zero at the line. QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GPIX costs 0.75 points a year less; their one-year returns differ by 6.5 points; GPIX is far larger, $6.4bn against $53m.

Points (pts) are percentage points.

GPIX vs QLDY: Dividend Yield & Total Return
MeasureGPIXQLDY
Paid and earned
Total return, 1 year+15.6%+9.1%
Price change, 1 yearrose 6.2%fell 27.2%
Return of capital, issuer estimate0% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYNasdaq-100, measured through QQQ
Cost and size
Expense ratio0.29%1.04%
Net assets, as of Nov 3, 2026$6.4bn$53m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · GPIX scores higher How much of what it paid out did its total return cover?
IQ Income Score82.9GPIX24.9QLDY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

0%

By the books each fund has filed, GPIX and QLDY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GPIX QLDY
Only in one fund ↓
Only in GPIX
NVIDIA CORP 7.31%
APPLE INC 6.45%
ALPHABET INC 4.35%
MICROSOFT CORP 3.89%
AMAZON.COM INC 3.38%
BROADCOM INC 2.79%
MICRON TECHNOLOGY INC 2.02%
TESLA INC 1.88%
Only in QLDY
Ndx 12/18/2026 2001.44 C 92.84%
United States Treasury Note/bond 2.375% 05/15/2027 0.49%
Exchange Put Opt 11/26 28320 0.15%
Xnd 12/18/2026 10.44 C 0.05%
Nasdaq-1 Put Opt 11/26 28470 -0.24%
Check overlap with more funds →

Side by side

GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly
Issuer Goldman Sachs Defiance
Strategy covered call option income
Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)
Pays monthly weekly
Payout rate, annualized 8.4% 19.7%
Expense ratio 0.29% 1.04%
Cash paid, 1 year 8.8% 35.3%
Price change, 1 year +6.2% −27.2%
Total return, 1 year +15.6% +9.1%
Benchmark return, 1 year +14.8% +12.3%
Ahead or behind +0.8 pts −3.2 pts
Return of capital, latest estimate not published 0%
Age 3.0 years 1.1 years
Net assets, as of Nov 3, 2026 $6.4bn $53m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: GPIX vs QLDY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowGPIXQLDYGPIXQLDYGPIXQLDY
3 months+0.9%−4.5%2.1%9.5%+1.0 pts−1.1 pts
6 months+6.0%−3.1%4.3%18.5%+1.0 pts−2.8 pts
1 year+15.6%+9.1%8.8%35.3%+0.9 pts−3.2 pts
3 years+73.9%–31.0%–−9.0 pts–
Since launchNot the same days: GPIX Oct 2023 · QLDY Sep 2025+82.5%+13.2%32.5%39.1%−10.2 pts−3.7 pts

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About each fund
GPIX

Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +15.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.4%, paid monthly.

QLDY

Over the year to Nov 4, 2026, QLDY paid 35.3% of its starting value in cash distributions while its price fell 27.2%. With every distribution reinvested, the fund returned +9.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.7%, paid weekly. Defiance estimates that 0% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, GPIX or QLDY?
Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting price in cash and QLDY paid 35.3%, so QLDY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, GPIX or QLDY?
With every distribution reinvested, GPIX returned +15.6% and QLDY +9.1% over the year to Nov 4, 2026.
Which is cheaper, GPIX or QLDY?
GPIX charges 0.29% a year and QLDY charges 1.04%, so GPIX is cheaper. Fees come from each fund's prospectus.
Other comparisons
GPIX vs QDTYGPIX vs QDTEGPIX vs KIQQGPIX vs QYLDQLDY vs TPRYQLDY vs XYLDQLDY vs SPYIQLDY vs ISPY
Where to next
S&P 500 (SPY) →Nasdaq-100 (QQQ) →GPIX on its own →QLDY on its own →GPIX dividend history →GPIX holdings →QLDY dividend history →QLDY holdings →Method →Standards and sources →
Sources and dates
GPIX filings on SEC EDGAR ↗
GPIX prospectus with the expense ratio (SEC) ↗
Goldman Sachs website ↗
QLDY filings on SEC EDGAR ↗
QLDY prospectus with the expense ratio (SEC) ↗
QLDY 19a-1 distribution notice ↗
Defiance page for QLDY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GPIX against QLDY, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-qldy

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