Goldman Sachs S&P 500 Premium Income ETF
$56.13−0.28 (−0.50%)
- Expense ratio
- 0.35%
- Fund size
- $5.9B
- 1Y return
- +17.7%
- Yield · Last 12 months
- 8.08%
- Holdings
- 499
- Volume · 30D
- 1M sh
- NAV per share
- $56.38
- 52W range
The ETF.net GPIX Grade
Score 76 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 75Category rank
Our read on GPIX
AMost option-income funds sell the whole rally for yield. GPIX is written to ask for both: current income and preserved prospects for capital appreciation, on a roughly 500-stock S&P 500 core, at 0.35%, paid monthly.
The Fund seeks current income while preserving prospects for capital appreciation. It invests primarily in benchmark-related stocks and sells call options providing exposure to the benchmark to generate premium income.
Why people hold it
- The mandate is income without giving up on growth: hold benchmark stocks, sell calls tied to the S&P 500 for premium, and keep prospects for capital appreciation.
- The 0.35% fee sits below the typical charge among S&P 500 option-income peers, including older buy-write names like XYLD.
- Roughly 500 stocks underneath and cash out the door monthly, so the equity engine is the index itself rather than a synthetic stand-in.
- A multi-billion-dollar, actively traded fund launched in 2023, and one of the tighter implementations of this strategy in its peer group.
Worth knowing
- Premium income comes from selling upside. Where calls are written, gains are capped, so a fast melt-up in the S&P 500 leaves some return on the table.
- Distributions can include return of capital, meaning part of a payout may be your own money coming back. The fund's tax disclosures show the split.
- This is an equity fund, not a hedge. Option premium softens the ride; it does not put a floor under a market drop.
GPIX Holdings
- Stocks
- 499
- 39%
- NVDA
Sectors
- Technology38.6%
- Financials15.7%
- Health Care9.2%
- Consumer Discr.8.9%
- Industrials7.5%
- Communication6.8%
- Cons. Staples4.3%
- Energy3.5%
- Utilities2.0%
- Materials1.8%
- Real Estate1.7%
Geography
- United States97.66%
- Ireland1.18%
- United Kingdom0.37%
- Switzerland0.30%
- Singapore0.26%
- Netherlands0.14%
- Bermuda0.05%
- Canada0.04%
GPIX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GPIX |
|---|---|
| Year to date | +13.9% |
| 1 month | +1.3% |
| 3 months | +4.1% |
| 1 year | +17.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GPIX |
|---|---|---|
| 2026 YTD | +13.9% | |
| 2025 | +16.3% | |
| 2024 | +21.8% | |
| 2023 | +13.4% |
GPIX in the news
ETF.net Research hasn’t filed on GPIX yet — coverage lands here as it’s written.
GPIX Dividends
- 8.08%
- $4.56
- $0.40 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.40 |
| Aug 3, 2026 | Aug 7, 2026 | $0.39 |
| Jul 1, 2026 | Jul 8, 2026 | $0.39 |
| Jun 1, 2026 | Jun 5, 2026 | $0.40 |
| May 1, 2026 | May 7, 2026 | $0.38 |
| Apr 1, 2026 | Apr 8, 2026 | $0.35 |
| Mar 2, 2026 | Mar 6, 2026 | $0.37 |
| Feb 2, 2026 | Feb 6, 2026 | $0.38 |
| Jan 2, 2026 | Jan 8, 2026 | $0.38 |
| Dec 1, 2025 | Dec 5, 2025 | $0.37 |
| Nov 3, 2025 | Nov 7, 2025 | $0.38 |
| Oct 1, 2025 | Oct 7, 2025 | $0.37 |
GPIX Risk
- 10.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.59
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GPIX Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
11 of the 51 S&P 500 Option Income funds charge less.