Goldman Sachs S&P 500 Premium Income ETF
The ETF.net GPIX Grade
A
Score 78 out of 100
- 4 of 52
Score 78 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.A87 out of 100Rank 5 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 36Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 30 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 10 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 14 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 8 of 52
Our read on GPIX
In short
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.
Stated mandate
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
Worth knowing
GPIX Holdings
- Stocks
- 486
- 39%
- NVDA
Sectors
- Technology38.8%
- Financials15.2%
- Health Care9.7%
- Consumer Discretionary9.1%
- Industrials7.3%
- Communication5.9%
- Consumer Staples4.6%
- Energy3.8%
- Utilities2.0%
- Materials1.8%
- Real Estate1.7%
Geography
- United States99.48%
- Switzerland0.29%
- China0.10%
- United Kingdom0.05%
- Mexico0.05%
- Ireland0.03%
GPIX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
GPIX$11,322
Returns run to the Oct 30, 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 | +12.1% |
| 1 month | −0.5% |
| 3 months | +1.7% |
| 1 year | +13.2% |
| 3 years | +21.1% |
| 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 | +12.1% | |
| 2025 | +16.3% | |
| 2024 | +21.8% | |
| 2023 | +13.4% |
GPIX in the news
GPIX Dividends
- 8.32%
- $4.59
- $0.40 per share
- Monthly
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.
- 1.49
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.
FMP measures it over up to five years of monthly returns.
GPIX Cost
Overpaying vs PEPS, cheapest in S&P 500 Option Income
$3,846
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
GPIX 0.29%
$5,952
PEPS 0.10% Cheapest
$2,106
Cost over time
Year by year
| Year | GPIX | PEPS | Overpaying |
|---|---|---|---|
| 10 | $527 | $183 | $344 |
| 20 | $2,044 | $717 | $1,327 |
| 30 | $5,952 | $2,106 | $3,846 |
You pay 0.29%Waived by Goldman Sachs 0.06%
Full fee 0.35% waiver 0.06% you pay 0.29%
Other funds in S&P 500 Option Income
- ABALIiShares U.S. Large Cap Premium Income Active ETFExpense ratio 0.35%1 year return +15.6%
- AIVVWiShares S&P 500 BuyWrite ETFExpense ratio 0.25%1 year return +13.4%
- ARSPAInvesco S&P 500 Equal Weight Income Advantage ETFExpense ratio 0.29%1 year return +15.4%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +15.3%
- AXYLDGlobal X S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +14.5%
