Data as of .
GPTY vs WEPN: which paid, and which earned it?
GPTY and WEPN both write options for income.
What they hold in common
By the books each fund has filed, GPTY and WEPN hold 4% of their money in the same securities at the same weight.
| Holding | GPTY | WEPN |
|---|---|---|
| Palantir Technologies Inc | 4.37% | 3.99% |
| Only in GPTY | Only in WEPN |
|---|---|
| Intel Corp 9.47% | Invesco DB Base Metals Fund 6.48% |
| Advanced Micro Devices Inc 6.95% | AeroVironment Inc 5.72% |
| Alphabet Inc 6.81% | Palo Alto Networks Inc 4.93% |
| NVIDIA Corp 6.73% | Crowdstrike Holdings Inc 4.82% |
| Marvell Technology Inc 5.60% | VanEck Steel ETF 4.28% |
| TSMC 5.52% | BWX Technologies Inc 4.14% |
| Broadcom Inc 4.82% | Ondas Inc 4.02% |
| Apple Inc 4.29% | General Dynamics Corp 3.92% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPTY | WEPN | GPTY | WEPN | GPTY | WEPN | |
| 3 months | −1.3% | +0.6% | 8.2% | 3.0% | −0.5 pts | +11.0 pts |
| 6 months | +40.4% | +1.1% | 22.2% | 6.2% | −0.1 pts | +4.9 pts |
| 1 year | +32.4% | not published | 34.0% | not published | −5.7 pts | not published |
| Since launch | +53.2% | −7.3% | 51.0% | 6.1% | −4.9 pts | +5.2 pts |
| GPTY YieldMax(R) AI & Tech Portfolio Option Income ETF Synthetic covered call on XLK, paying weekly | WEPN Nicholas Defense and Rare Earth Income ETF Option income on ITA, paying weekly | |
|---|---|---|
| Issuer | YieldMax | Nicholas |
| Strategy | synthetic covered call | option income |
| Benchmark | Technology sector (XLK) | Aerospace and defense (ITA), used as the proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 35.3% | 11.9% |
| Expense ratio | 1.06% | 1.11% |
| Cash paid, 1 year | 34.0% | 6.1% (since launch on Mar 3, 2026) |
| Price change, 1 year | −8.1% | −13.3% |
| Total return, 1 year | +32.4% | −7.3% (since launch on Mar 3, 2026) |
| Benchmark return, 1 year | +38.0% | −12.5% |
| Ahead or behind | −5.7 pts | +5.2 pts |
| Return of capital, latest estimate | 94% | not published |
| Age | 603 days | 199 days |
| Net assets | $126m | $6m |
GPTY in plain words
Over the year to Sep 18, 2026, GPTY paid 34.0% of its starting value in cash distributions while its price fell 8.1%. With every distribution reinvested, the fund returned +32.4%. Technology sector (XLK) returned +38.0% over the same days, so a holder was behind by 5.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 35.3%, paid weekly. YieldMax estimates that 94% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
WEPN in plain words
Over the period since launch on Mar 3, 2026 to Sep 18, 2026, WEPN paid 6.1% of its starting value in cash distributions while its price fell 13.3%. With every distribution reinvested, the fund returned −7.3%. Aerospace and defense (ITA), used as the proxy returned −12.5% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid weekly.
Questions people ask
- Which is cheaper, GPTY or WEPN?
- GPTY charges 1.06% a year and WEPN charges 1.11%, so GPTY 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, GPTY against WEPN, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpty-vs-wepn Free to use with attribution; the underlying files are at Open data.