Data as of Nov 4, 2026.
GPIX vs QQQY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, QQQY paid 29.9% 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 $178m for Defiance Nasdaq 100 Weekly Distribution ETF.
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, 2026.1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% of it arrived as cash
1.3 pts ahead of QQQ
Total return, distributions reinvested
1.3 pts ahead of QQQ
QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QQQY
+13.6%
29.9% as cash
1.3 pts ahead of QQQ
29.9% of it arrived as cash. Both charts share one scale, with zero at the line. QQQY over 1 year: paid 29.9%, price −17.8%, total +13.6%, QQQ +12.3%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
GPIX costs 0.72 points a year less; their one-year returns differ by 2.0 points; GPIX is far larger, $6.4bn against $178m.
Points (pts) are percentage points.
| Measure | GPIX | QQQY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.6% | +13.6% |
| Price change, 1 year | rose 6.2% | fell 17.8% |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.29% | 1.01% |
| Net assets, as of Nov 3, 2026 | $6.4bn | $178m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Nov 3, 2023 to Oct 30, 2026 · 156 weekly returnsEach against its own benchmark: GPIX against SPY, Nov 3, 2023 to Oct 30, 2026; QQQY against QQQ, Sep 22, 2023 to Oct 30, 2026.
From Nov 2023 to Oct 2026, GPIX returned more: +71.6% to +51.6%. GPIX swung less: 12.1% to 14.9%. GPIX fell less at its worst: −15.7% to −18.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIX | QQQY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +71.6% | +51.6% | GPIX | Price change plus distributions, reinvested. |
| Annualized | +19.7% | +14.9% | GPIX | Total return as a yearly rate. |
| Price return | +33.8% | −61.6% | GPIX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.1% | 14.9% | GPIX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.0% | 10.6% | GPIX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.7% | −18.3% | GPIX | Deepest fall from a high to the low after it. |
| Upside capture | 80.8% | 61.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 86.9% | 85.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.87 | 0.71 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.88 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.18 | 0.71 | GPIX | Return above Treasury bills per unit of volatility. |
| Sortino | 1.79 | 1.00 | GPIX | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.165 | 0.148 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.25 | 0.81 | GPIX | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | QQQ | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | −3.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | −1.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.3% to +1.8% | −9.0% to +2.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.84 | −1.11 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.2% | 7.6% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 156 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIX and QQQY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GPIX | QQQY | GPIX | QQQY | GPIX | QQQY |
| 3 months | +0.9% | −3.5% | 2.1% | 7.3% | +1.0 pts | −0.1 pts |
| 6 months | +6.0% | +0.4% | 4.3% | 15.4% | +1.0 pts | +0.7 pts |
| 1 year | +15.6% | +13.6% | 8.8% | 29.9% | +0.9 pts | +1.3 pts |
| 3 years | +73.9% | +51.9% | 31.0% | 88.2% | −9.0 pts | −39.4 pts |
| Since launchNot the same days: GPIX Oct 2023 · QQQY Sep 2023 | +82.5% | +49.8% | 32.5% | 88.1% | −10.2 pts | −37.0 pts |
No client brief for this pair: the two funds' holdings are dated 127 days apart.
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.
QQQY
Over the year to Nov 4, 2026, QQQY paid 29.9% of its starting value in cash distributions while its price fell 17.8%. With every distribution reinvested, the fund returned +13.6%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.5%, paid weekly. Defiance estimates that 81% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
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ETFIQ, GPIX against QQQY, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-qqqy
ETFIQ. (Nov 4, 2026). GPIX against QQQY. Retrieved from https://etfiq.com/compare/income/gpix-vs-qqqy
[GPIX against QQQY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpix-vs-qqqy)
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