GPIX

Goldman Sachs S&P 500 Premium Income ETF

SPYIssuer: Goldman SachsInception: March 1, 2023

6.7

Overall Score

Strategy & Profile

S&P 500 version of GPIQ. Flexible SPX options overlay with variable coverage. High Magnificent 7 concentration in the underlying portfolio. Same Section 1256 tax advantage and 0.29% expense ratio.

TTM Yield: ~8.6%

Strengths

  • ✓Lowest expense ratio in S&P 500 segment (0.29%)
  • ✓Section 1256 tax advantage
  • ✓Strong Magnificent 7 exposure

Weaknesses

  • ✗Higher tech concentration than JEPI
  • ✗Short track record (since March 2023)

Investor Profile

Investor seeking S&P 500 covered call with minimum costs

Verdict

Direct competitor to SPYI — GPIX wins on fees, SPYI wins on yield

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Key Metrics

Expense Ratio

0.290%

Inception Date

March 1, 2023

Benchmark

SPY

Category

Covered Call - Large Cap

Distribution Frequency

Monthly

Maturity Rating

2/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.