GPIX and PUTW 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 PUTW provides ~8% yield targeting sophisticated investor seeking income via put writing 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
6.7
Overall Score
WisdomTree PutWrite Strategy Fund
5.5
Overall Score
| Criteria | GPIX | PUTW |
|---|---|---|
| Overall Score | 6.7 5.5 | |
| Total Return (25%) | 8.5 3.7 | |
| Downside Protection (25%) | 3.9 6.9 | |
| Upside Participation (25%) | 8.6 6.0 | |
| Consistency (15%) | 4.7 5.0 | |
| Expense Ratio (5%) | 8.9 7.0 | |
| Liquidity (5%) | 5.5 5.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | PUTW |
|---|---|---|
| Expense Ratio | 0.290% | 0.440% |
| Inception Date | Mar 1, 2023 | Feb 24, 2016 |
| Issuer | Goldman Sachs | WisdomTree |
| 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
Interesting alternative to traditional covered calls — similar economics, different mechanics
Investor Profile:
Sophisticated investor seeking income via put writing strategy