Data as of .
GPIX vs ULTY: which paid, and which earned it?
Over the year ULTY paid 46.9% of its price in cash against GPIX’s 8.8%, though GPIX returned more with it reinvested.
ETFIQ Return Stability Score: GPIX scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, GPIX and ULTY hold 16% of their money in the same securities at the same weight.
| Holding | GPIX | ULTY |
|---|---|---|
| NVIDIA CORP | 7.33% | 4.80% |
| ALPHABET INC | 4.37% | 5.66% |
| AMAZON.COM INC | 3.39% | 5.16% |
| ADVANCED MICRO DEVICES INC | 1.48% | 4.15% |
| LAM RESEARCH CORP | 0.86% | 4.99% |
| ANALOG DEVICES INC | 0.35% | 5.47% |
| FORTINET INC | 0.23% | 3.56% |
| QUANTA SERVICES INC | 0.17% | 4.95% |
| ROBINHOOD MARKETS INC | 0.15% | 3.84% |
| PALANTIR TECHNOLOGIES INC | 0.13% | 4.40% |
| COMFORT SYSTEMS USA INC | 0.12% | 4.31% |
| COHERENT CORP | 0.11% | 4.50% |
| Only in GPIX | Only in ULTY |
|---|---|
| APPLE INC 6.47% | IREN Ltd 4.80% |
| MICROSOFT CORP 3.90% | Strategy Inc 4.65% |
| BROADCOM INC 2.80% | Astera Labs Inc 4.56% |
| MICRON TECHNOLOGY INC 2.02% | VanEck Gold Miners ETF/USA 4.33% |
| TESLA INC 1.89% | Amplify Junior Silver Miners E 4.21% |
| META PLATFORMS INC 1.67% | Shopify Inc 3.69% |
| BERKSHIRE HATHAWAY INC 1.51% | Southern Copper Corp 3.20% |
| ELI LILLY & COMPANY 1.48% | Reddit Inc 3.19% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIX | ULTY | GPIX | ULTY | GPIX | ULTY | |
| 3 months | +3.4% | −0.3% | 2.1% | 14.2% | +0.1 pts | −3.6 pts |
| 6 months | +14.6% | +11.2% | 4.6% | 29.8% | −1.4 pts | −4.8 pts |
| 1 year | +17.5% | −5.8% | 8.8% | 46.9% | 0.0 pts | −23.3 pts |
| Since launch | +80.5% | +9.0% | 30.5% | 86.7% | −11.2 pts | −45.9 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Goldman Sachs | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 8.6% | 61.5% |
| Expense ratio | 0.29% | 1.30% |
| Cash paid, 1 year | 8.8% | 46.9% |
| Price change, 1 year | +7.9% | −53.3% |
| Total return, 1 year | +17.5% | −5.8% |
| Benchmark return, 1 year | +17.5% | +17.5% |
| Ahead or behind | 0.0 pts | −23.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 1051 days | 925 days |
GPIX in plain words
Over the year to Sep 11, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 7.9%. With every distribution reinvested, the fund returned +17.5%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was about even. At its price on Sep 11, 2026 the latest distribution annualizes to 8.6%, paid monthly.
ULTY in plain words
Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting value in cash distributions while its price fell 53.3%. With every distribution reinvested, the fund returned −5.8%. S&P 500 (SPY), used as a default proxy returned +17.5% over the same days, so a holder was behind by 23.3 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 61.5%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, GPIX or ULTY?
- Over the year to Sep 11, 2026, GPIX paid 8.8% of its starting price in cash and ULTY paid 46.9%, so ULTY 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 ULTY?
- With every distribution reinvested, GPIX returned +17.5% and ULTY returned −5.8% over the year to Sep 11, 2026, so GPIX returned more.
- Which is cheaper, GPIX or ULTY?
- GPIX charges 0.29% a year and ULTY charges 1.30%, so GPIX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GPIX against ULTY, data as of Sep 11, 2026. https://etfiq.com/compare/income/gpix-vs-ulty Free to use with attribution; the underlying files are at Open data.