Data as of Oct 28, 2026.
GPIX vs YMAX: Dividend Yield & Total Return
Over the year to Oct 28, 2026, YMAX paid 36.1% 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 $352m for YieldMax Universe Fund of Option Income ETFs.
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% of it arrived 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, 2026.14.9 pts behind its own holdings
YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.
its own holdings
+10.9%
YMAX
−4.0%
14.9 pts behind its own holdings
Total return, distributions reinvested
14.9 pts behind its own holdings
YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.
its own holdings
+10.9%
YMAX
−4.0%
14.9 pts behind its own holdings
36.1% of it arrived as cash. Both charts share one scale, with zero at the line. YMAX over 1 year: paid 36.1%, price −42.4%, total −4.0%, its own holdings +10.9%, −14.9 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
GPIX costs 1.04 points a year less; their one-year returns differ by 18.7 points; GPIX is 18.5 times larger.
Points (pts) are percentage points.
| Measure | GPIX | YMAX |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.7% | −4.0% |
| Price change, 1 year | rose 5.3% | fell 42.4% |
| Return of capital, issuer estimate | 35% 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% | 1.33% |
| Net assets, as of Oct 27, 2026 | $6.5bn | $352m |
| Holdings | ||
| Holdings in common | 0% | |
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
Risk and return
Jan 26, 2024 to Oct 23, 2026 · 143 weekly returnsGPIX returned more: +56.1% to +38.1%. GPIX swung less: 12.5% to 21.8%. GPIX fell less at its worst: −15.7% to −24.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GPIX | YMAX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +56.1% | +38.1% | GPIX | Price change plus distributions, reinvested. |
| Annualized | +17.6% | +12.5% | GPIX | Total return as a yearly rate. |
| Price return | +23.5% | −64.9% | GPIX | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.5% | 21.8% | GPIX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.3% | 15.1% | GPIX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.7% | −24.1% | GPIX | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.01 | 0.45 | GPIX | Return above Treasury bills per unit of volatility. |
| Sortino | 1.52 | 0.65 | GPIX | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.12 | 0.52 | GPIX | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 143 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIX and YMAX hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 28, 2026.
half
0% 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 | YMAX | GPIX | YMAX | GPIX | YMAX |
| 3 months | +5.9% | +10.0% | 2.2% | 10.6% | −0.3 pts | −18.4 pts |
| 6 months | +9.2% | +10.4% | 4.4% | 22.3% | +0.1 pts | −15.1 pts |
| 1 year | +14.7% | −4.0% | 8.6% | 36.1% | +1.1 pts | −14.9 pts |
| 3 years | +84.6% | – | 31.7% | – | −10.4 pts | – |
| Since launchNot the same days: GPIX Oct 2023 · YMAX Jan 2024 | +83.5% | +43.9% | 31.5% | 93.4% | −10.6 pts | not measured |
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No client brief for this pair: the two funds' holdings are dated 120 days apart.
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.
YMAX
Over the year to Oct 28, 2026, YMAX paid 36.1% of its starting value in cash distributions while its price fell 42.4%. With every distribution reinvested, the fund returned −4.0%. YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned +10.9% over the same days, so a holder was behind by 14.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 39.9%, paid weekly. YieldMax estimates that 35% 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 YMAX, data as of Oct 28, 2026. https://etfiq.com/compare/income/gpix-vs-ymax
ETFIQ. (Oct 28, 2026). GPIX against YMAX. Retrieved from https://etfiq.com/compare/income/gpix-vs-ymax
[GPIX against YMAX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/gpix-vs-ymax)
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