Data as of Oct 28, 2026.
GPIX vs ULTY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, ULTY paid 44.3% of its price in cash against GPIX’s 8.6%, though GPIX returned more with it reinvested.
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Net assets on Oct 27, 2026: $6.5bn for Goldman Sachs S&P 500 Premium Income ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
1.1 pts ahead of SPY
GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.6%, +1.1 pts. Data to Oct 28, 2026.
SPY
+13.6%
GPIX
+14.7%
8.6% as cash
1.1 pts ahead of SPY
Total return, distributions reinvested
1.1 pts ahead of SPY
GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.6%, +1.1 pts. Data to Oct 28, 2026.
SPY
+13.6%
GPIX
+14.7%
1.1 pts ahead of SPY
8.6% of it arrived as cash. Total return, distributions reinvested. GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.6%, +1.1 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
4.1 pts ahead of its own holdings
Total return, distributions reinvested
4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
44.3% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
GPIX costs 1.01 points a year less; their one-year returns differ by 25.9 points; GPIX is 10.4 times larger.
Points (pts) are percentage points.
| Measure | GPIX | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.7% | −11.2% |
| Price change, 1 year | rose 5.3% | fell 55.2% |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own holdings |
| Cost and size | ||
| Expense ratio | 0.29% | 1.30% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $627m |
| Holdings | ||
| Holdings in common | 14% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. 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 →
Holdings in common uses holdings dated Jun 30, 2026 and Oct 28, 2026. Method
What they share
By the books each fund has filed, GPIX and ULTY hold 14% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 28, 2026.
half
14% in common
Only in one fund ↓
Side by side
As of Oct 28, 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 | ULTY | GPIX | ULTY | GPIX | ULTY |
| 3 months | +5.9% | +4.2% | 2.2% | 15.4% | −0.3 pts | −9.8 pts |
| 6 months | +9.2% | +1.0% | 4.4% | 28.1% | +0.1 pts | −6.6 pts |
| 1 year | +14.7% | −11.2% | 8.6% | 44.3% | +1.1 pts | +4.1 pts |
| 3 years | +84.6% | – | 31.7% | – | −10.4 pts | – |
| Since launchNot the same days: GPIX Oct 2023 · ULTY Feb 2024 | +83.5% | +4.4% | 31.5% | 87.8% | −10.6 pts | not measured |
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GPIX
Over the year to Oct 28, 2026, GPIX paid 8.6% of its starting value in cash distributions while its price rose 5.3%. With every distribution reinvested, the fund returned +14.7%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 8.5%, paid monthly.
ULTY
Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting value in cash distributions while its price fell 55.2%. With every distribution reinvested, the fund returned −11.2%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −15.3% over the same days, so a holder was ahead by 4.1 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.7%, paid weekly. YieldMax estimates that 100% of the distribution paid Oct 29, 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 ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/gpix-vs-ulty
ETFIQ. (Oct 28, 2026). GPIX against ULTY. Retrieved from https://etfiq.com/compare/income/gpix-vs-ulty
[GPIX against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/gpix-vs-ulty)
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