GPIX and RSPA are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while RSPA provides a 9.42% 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
Invesco S&P 500 Equal Weight Income Advantage ETF
6.25
Overall Score
| Criteria | GPIX | RSPA |
|---|---|---|
| Overall Score | 7.60 6.25 | |
| Total Return (25%) | 8.82 5.78 | |
| Downside Protection (25%) | 4.10 3.65 | |
| Upside Participation (25%) | 8.76 6.84 | |
| Consistency (15%) | 9.70 10.00 | |
| Expense Ratio (5%) | 8.88 7.62 | |
| Liquidity (5%) | 5.54 6.01 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | RSPA |
|---|---|---|
| Expense Ratio | 0.290% | 0.390% |
| Inception Date | Mar 1, 2023 | Jul 1, 2024 |
| Issuer | Goldman Sachs | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 2/5 stars | 4/5 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%.
Down capture of 82% against 68% up capture means the structure gave up more upside than it cushioned losses over 26 months.
Investor Profile:
RSPA is an actively managed Invesco fund of funds that holds stocks and ETFs to mirror the S&P 500 Equal Weight Index, 523 positions. It earns option income through equity-linked notes (ELNs), and about 20% of assets sit in an Invesco government money market fund. It pays monthly and charges 0.29%.
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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