GPIX vs XYLD: Which Covered Call ETF Is Better?

GPIX and XYLD are both covered call ETFs tracking the same benchmark, but with different approaches. GPIX offers a 8.22% yield, while XYLD provides a 10.41% yield. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.

Compare ETFs

Compare covered call ETFs with the same benchmark side by side

Step 1: Select Benchmark

Step 2: Select ETFs to Compare

GPIX

Goldman Sachs S&P 500 Premium Income ETF

S&P 500Inception: Mar 1, 2023

7.60

Overall Score

XYLD

Global X S&P 500 Covered Call ETF

S&P 500Inception: Jun 24, 2013

5.79

Overall Score

CriteriaGPIXXYLD
Overall Score
7.60
5.79
Total Return (25%)
8.82
3.79
Downside Protection (25%)
4.10
5.90
Upside Participation (25%)
8.76
6.45
Consistency (15%)
9.70
7.61
Expense Ratio (5%)
8.88
5.00
Liquidity (5%)
5.54
7.23
🔒

Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

Pro only

Upgrade to Pro — $34/month

Key Metrics

MetricGPIXXYLD
Expense Ratio0.290%0.600%
Inception DateMar 1, 2023Jun 24, 2013
IssuerGoldman SachsGlobal X
Distribution FrequencyMonthlyMonthly
Maturity Rating2/5 stars5/5 stars

Verdicts

GPIX

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%.

XYLD

Cut volatility to 9.0% (SPY 15.7%), but its worst drawdown (-23.4%) was only 0.5 points better than SPY's.

Investor Profile:

XYLD tracks the Cboe S&P 500 BuyWrite Index. It holds the S&P 500 stocks, 507 positions, and sells one-month at-the-money call options on the whole portfolio. The rules are mechanical and it pays monthly. PBP tracks the same index.

Full scores for these funds

GPIX scorecardXYLD scorecard

Other comparisons in this benchmark group

See where these rank against every SPY fund

Both funds are scored on total return, downside protection, upside participation, distribution consistency, cost and liquidity, against the same benchmark and the same window.

View the full rankingsHow the scores are built

Get the monthly ranking by email

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.