GPIX and ETV are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers ~8.6% yield with a focus on investor seeking s&p 500 covered call with minimum costs, while ETV provides ~8% yield targeting income investor comfortable with cef structure seeking long track record. 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
6.5
Overall Score
Eaton Vance Tax-Managed Buy-Write Opportunities
5.2
Overall Score
| Criteria | GPIX | ETV |
|---|---|---|
| Overall Score | 6.5 5.2 | |
| Total Return (25%) | 8.6 5.0 | |
| Downside Protection (25%) | 3.3 3.8 | |
| Upside Participation (25%) | 8.7 7.8 | |
| Consistency (15%) | 4.4 5.0 | |
| Expense Ratio (5%) | 8.9 1.4 | |
| Liquidity (5%) | 5.5 5.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | ETV |
|---|---|---|
| Expense Ratio | 0.290% | 0.890% |
| Inception Date | Mar 1, 2023 | Sep 30, 2005 |
| Issuer | Goldman Sachs | Eaton Vance |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 5/5 stars |
Direct competitor to SPYI — GPIX wins on fees, SPYI wins on yield
Investor Profile:
Investor seeking S&P 500 covered call with minimum costs
Historical value for stress-testing — but newer ETF alternatives offer better structure and lower fees
Investor Profile:
Income investor comfortable with CEF structure seeking long track record
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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