Rankings / GPIX
Goldman Sachs S&P 500 Premium Income ETF
7.6
Overall Score
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%.
The fund holds the components of the S&P 500 Index and sells call options on the index. The coverage ratio is reviewed monthly and adjusted between 25% and 75% of the portfolio value based on market volatility and premium levels. Because the fund uses exchange-traded index options (not equity-linked notes), there is no bank counterparty exposure. Premium collected is distributed monthly. The strategy does not hedge market declines: down-capture has been close to up-capture since inception.
Matched SPY's 2026 return (+12.7%) while paying 8.2%, but yields 3.7 points less than SPYI.
Cumulative total return of GPIX against SPY, distributions reinvested.
Cumulative total return, rebased to 0% at the start of each period. Distributions reinvested. Data through end of previous month.
Calendar-year total return, distributions reinvested.
| Year | GPIX | SPY |
|---|---|---|
| 2026 YTD | +12.70% | +12.71% |
| 2025 | +16.25% | +17.72% |
| 2024 | +21.78% | +24.89% |
| 2023 * | +11.92% | +14.12% |
Historical years are frozen. YTD is refreshed monthly. * Partial year: return from fund inception to December 31.
Composite score from six weighted criteria, measured since inception.
Performance since inception against the benchmark.
How much of the benchmark drawdown the fund absorbed.
How much of the benchmark rally the fund kept.
Frequency of distribution cuts below 85% of the previous payment.
Inversely proportional to the annual management fee.
Assets under management on a log scale.
Sector and geographic composition of GPIX underlying holdings.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 8.63% |
| 2 | AAPL | APPLE INC. | 7.33% |
| 3 | MSFT | MICROSOFT CORPORATION | 5.86% |
| 4 | XLC | STATE STREET COMMUNICATION SERVICES SELECT SECTOR | 3.76% |
| 5 | AMZN | AMAZON.COM INC | 3.71% |
| 6 | GOOGL | ALPHABET INC. | 3.34% |
| 7 | AVGO | BROADCOM INC. | 2.57% |
| 8 | MU | MICRON TECHNOLOGY, INC. | 1.85% |
| 9 | META | META PLATFORMS INC-CLASS A | 1.58% |
| 10 | AMD | ADVANCED MICRO DEVICES INC. | 1.58% |
Holdings data from fund disclosures, updated periodically. Percentages may not sum to 100% due to cash, options, and other positions not shown.
The same six criteria, applied to different trailing periods. Pro subscribers see the full breakdown.
Since inception
7.6
3 years
7.6
1 year
8.6
3 months
9.5
How has GPIX ranked across inception, 3 years, 1 year, and 3 months? Pro subscribers can compare a fund's trajectory over every window, across all 28 funds.
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Expense Ratio
0.290%
Inception Date
March 1, 2023
Benchmark
SPY
Category
Covered Call - Large Cap
Distribution Frequency
Monthly
Maturity Rating
2/5 stars
Scores calculated using CoveredRank methodology. Every formula is published and reproducible.
See full methodology→Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.