GPIX and BALI are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while BALI provides a 7.83% 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
Goldman Sachs S&P 500 Premium Income ETF
7.60
Overall Score
iShares U.S. Large Cap Premium Income Active ETF
7.26
Overall Score
| Criteria | GPIX | BALI |
|---|---|---|
| Overall Score | 7.60 7.26 | |
| Total Return (25%) | 8.82 9.07 | |
| Downside Protection (25%) | 4.10 3.93 | |
| Upside Participation (25%) | 8.76 8.88 | |
| Consistency (15%) | 9.70 7.19 | |
| Expense Ratio (5%) | 8.88 9.38 | |
| Liquidity (5%) | 5.54 4.90 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | BALI |
|---|---|---|
| Expense Ratio | 0.290% | 0.350% |
| Inception Date | Mar 1, 2023 | Oct 18, 2022 |
| Issuer | Goldman Sachs | BlackRock |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 3/5 stars |
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%.
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.
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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