Goldman Sachs S&P 500 Premium Income ETF
$56.42−0.01 (−0.02%)
- 0.35%
- $6.2B
- +20.3%
- 8.13%
- 1.1M sh
- $56.41
- low $48.46high $56.74
The ETF.net GPIX Grade
A
Score 77 out of 100
- 4 of 52
Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 12 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 28 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A76 out of 100Rank 5 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 15 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 8 of 52
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
- 481
- 40%
- NVDA
Sectors
- Technology40.8%
- Financials14.8%
- Health Care9.0%
- Consumer Discretionary8.7%
- Industrials7.3%
- Communication6.5%
- Consumer Staples4.2%
- Energy3.4%
- Utilities1.9%
- Materials1.8%
- Real Estate1.7%
Geography
- United States97.78%
- Ireland1.11%
- United Kingdom0.38%
- Switzerland0.32%
- Singapore0.26%
- Netherlands0.10%
- Bermuda0.05%
GPIX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GPIX$12,031
Returns run to the Oct 12, 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 | +14.7% |
| 1 month | +2.1% |
| 3 months | +3.5% |
| 1 year | +20.3% |
| 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 | +14.7% | |
| 2025 | +16.3% | |
| 2024 | +21.8% | |
| 2023 | +13.4% |
GPIX in the news
GPIX Dividends
- 8.13%
- $4.59
- $0.40 per share
- Monthly
Distribution history
GPIX Risk
- 10.4%
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.
- 1.55
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
0.35%
GPIX0.35%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
10 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- ABALIiShares U.S. Large Cap Premium Income Active ETFExpense ratio 0.35%1 year return +22.5%
- AIVVWiShares S&P 500 BuyWrite ETFExpense ratio 0.25%1 year return +18.9%
- AXYLDGlobal X - S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +19.9%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +23.6%
- AFYEEFidelity Yield Enhanced Equity ETFExpense ratio 0.31%1 year return +21.2%