GPIX vs XYLG: Which Covered Call ETF Is Better?

GPIX and XYLG 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 XYLG provides ~5% yield targeting growth-oriented investor wanting modest income without sacrificing too much upside. 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

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Step 2: Select ETFs to Compare

GPIX

Goldman Sachs S&P 500 Premium Income ETF

S&P 500Inception: Mar 1, 2023

6.5

Overall Score

XYLG

Global X S&P 500 Covered Call & Growth ETF

S&P 500Inception: Oct 5, 2020

6.3

Overall Score

CriteriaGPIXXYLG
Overall Score
6.5
6.3
Total Return (25%)
8.6
7.3
Downside Protection (25%)
3.3
4.8
Upside Participation (25%)
8.7
7.8
Consistency (15%)
4.4
5.0
Expense Ratio (5%)
8.9
5.0
Liquidity (5%)
5.5
6.3
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Compare Across All Time Windows

Since Inception

3 Years

Pro only

1 Year

Pro only

3 Months

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Key Metrics

MetricGPIXXYLG
Expense Ratio0.290%0.600%
Inception DateMar 1, 2023Oct 5, 2020
IssuerGoldman SachsGlobal X
Distribution FrequencyMonthlyMonthly
Maturity Rating2/5 stars4/5 stars

Verdicts

GPIX

Direct competitor to SPYI — GPIX wins on fees, SPYI wins on yield

Investor Profile:

Investor seeking S&P 500 covered call with minimum costs

XYLG

The bridge between pure equity and covered call — useful for investors not ready to fully commit to income strategy

Investor Profile:

Growth-oriented investor wanting modest income without sacrificing too much upside

Full scores for these funds

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.

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