GPIX and SIXH are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while SIXH provides a 1.77% 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
6 Meridian Hedged Equity-Income ETF
6.21
Overall Score
| Criteria | GPIX | SIXH |
|---|---|---|
| Overall Score | 7.60 6.21 | |
| Total Return (25%) | 8.82 5.42 | |
| Downside Protection (25%) | 4.10 10.00 | |
| Upside Participation (25%) | 8.76 4.39 | |
| Consistency (15%) | 9.70 5.95 | |
| Expense Ratio (5%) | 8.88 2.75 | |
| Liquidity (5%) | 5.54 4.63 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | GPIX | SIXH |
|---|---|---|
| Expense Ratio | 0.290% | 0.780% |
| Inception Date | Mar 1, 2023 | Oct 8, 2020 |
| Issuer | Goldman Sachs | 6 Meridian |
| 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%.
Cut the worst drawdown to -10.1% (SPY -23.9%), but pays only 1.8% and captured 44% of S&P 500 upside.
Investor Profile:
SIXH is an actively managed Exchange Traded Concepts fund that provides exposure to U.S. equities, 52 positions, and sells call options against SPY. Its largest positions are SPY (5.1%) and Altria (5.0%). The hedged label and a 20% down capture indicate a protective component, but the fund page does not describe it [to confirm with 6 Meridian]. It pays monthly.
Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.
28 covered call ETFs, rescored every month on total return, downside protection and NAV stability. One email a month, no promotions.
We store your email to send the monthly ranking. Unsubscribe any time by replying to any email. We never share or sell it.