GPIX and FTHI 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 FTHI provides ~8% yield targeting investor seeking actively managed covered call strategy. 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
First Trust BuyWrite Income ETF
4.9
Overall Score
| Criteria | GPIX | FTHI |
|---|---|---|
| Overall Score | 6.5 4.9 | |
| Total Return (25%) | 8.6 3.7 | |
| Downside Protection (25%) | 3.3 5.2 | |
| Upside Participation (25%) | 8.7 6.6 | |
| Consistency (15%) | 4.4 4.8 | |
| Expense Ratio (5%) | 8.9 1.9 | |
| Liquidity (5%) | 5.5 5.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | FTHI |
|---|---|---|
| Expense Ratio | 0.290% | 0.850% |
| Inception Date | Mar 1, 2023 | Jan 6, 2014 |
| Issuer | Goldman Sachs | First Trust |
| 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
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy
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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