SPYI and GPIX are both covered call ETFs tracking the same benchmark, but with different approaches. SPYI offers ~11.7% yield with a focus on investor in taxable accounts seeking tax-efficient income, while GPIX provides ~8.6% yield targeting investor seeking s&p 500 covered call with minimum costs. 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
NEOS S&P 500 High Income ETF
6.1
Overall Score
Goldman Sachs S&P 500 Premium Income ETF
6.7
Overall Score
| Criteria | SPYI | GPIX |
|---|---|---|
| Overall Score | 6.1 6.7 | |
| Total Return (25%) | 6.9 8.5 | |
| Downside Protection (25%) | 5.3 3.9 | |
| Upside Participation (25%) | 7.4 8.6 | |
| Consistency (15%) | 4.3 4.7 | |
| Expense Ratio (5%) | 4.0 8.9 | |
| Liquidity (5%) | 7.4 5.5 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | GPIX |
|---|---|---|
| Expense Ratio | 0.680% | 0.290% |
| Inception Date | Aug 30, 2022 | Mar 1, 2023 |
| Issuer | NEOS | Goldman Sachs |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 2/5 stars |
The optimal choice for taxable accounts — the Section 1256 tax advantage is underappreciated by the market
Investor Profile:
Investor in taxable accounts seeking tax-efficient income
Direct competitor to SPYI — GPIX wins on fees, SPYI wins on yield
Investor Profile:
Investor seeking S&P 500 covered call with minimum costs