GPIX and JEPI are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while JEPI provides a 8.20% 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
JPMorgan Equity Premium Income ETF
6.90
Overall Score
| Criteria | GPIX | JEPI |
|---|---|---|
| Overall Score | 7.60 6.90 | |
| Total Return (25%) | 8.82 5.05 | |
| Downside Protection (25%) | 4.10 8.27 | |
| Upside Participation (25%) | 8.76 6.00 | |
| Consistency (15%) | 9.70 8.12 | |
| Expense Ratio (5%) | 8.88 8.12 | |
| Liquidity (5%) | 5.54 8.89 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | JEPI |
|---|---|---|
| Expense Ratio | 0.290% | 0.350% |
| Inception Date | Mar 1, 2023 | May 20, 2020 |
| Issuer | Goldman Sachs | JPMorgan |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 5/5 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%.
Cut volatility by a third (10.0% vs 15.7%) and the 2022 loss to -3.5%, but captured only 60% of S&P 500 upside, so five-year return is half of SPY's.
Investor Profile:
JEPI is an actively managed JPMorgan fund that holds a low-volatility basket of about 142 large-cap U.S. stocks. It earns option income through equity-linked notes (ELNs) on the S&P 500, about 15% of the portfolio against a 20% regulatory cap. The ELNs are unsecured bank obligations spread across at least six issuers. It pays monthly and charges 0.35%.
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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