BALI and GPIX are both covered call ETFs tracking the same benchmark, but with different approaches. BALI offers a 7.83% yield, while GPIX provides a 8.22% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
iShares U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
Goldman Sachs S&P 500 Premium Income ETF
7.60
Overall Score
| Criteria | BALI | GPIX |
|---|---|---|
| Overall Score | 7.26 7.60 | |
| Total Return (25%) | 9.07 8.82 | |
| Downside Protection (25%) | 3.93 4.10 | |
| Upside Participation (25%) | 8.88 8.76 | |
| Consistency (15%) | 7.19 9.70 | |
| Expense Ratio (5%) | 9.38 8.88 | |
| Liquidity (5%) | 4.90 5.54 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | BALI | GPIX |
|---|---|---|
| Expense Ratio | 0.350% | 0.290% |
| Inception Date | Oct 18, 2022 | Mar 1, 2023 |
| Issuer | BlackRock | Goldman Sachs |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 2/5 stars |
Keeps 89% of S&P 500 upside for a 7.8% yield, but with 36 months of history and 80% down capture the downside protection is modest.
Investor Profile:
BALI is an actively managed BlackRock fund run by its Systematic Active Equity team (Robert Fisher, Travis Cooke, Raffaele Savi). It holds about 203 large-cap U.S. stocks, with technology at 36.8% of assets. It sells call options on a large-cap equity index to collect premium and pays monthly. Its benchmark is the S&P 500.
Matched SPY's 2026 return (+12.7%) while paying 8.2%, but yields 3.7 points less than SPYI.
Investor Profile:
GPIX is an actively managed Goldman Sachs fund that holds 488 stocks in the S&P 500. It sells call options on a variable share of the portfolio, between 25% and 75%, which keeps part of the portfolio exposed to rallies. It pays monthly and charges 0.29%.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
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