FYEE vs GPIX: Grades, Fees and Holdings Compared

Fidelity Yield Enhanced Equity ETF

FYEEACboe

Goldman Sachs S&P 500 Premium Income ETF

GPIXANasdaq

Overlap

63.0%by weight

Expense ratio

FYEE −0.01pt a year

FYEE0.28%GPIX0.29%

Avg volume · 30D

GPIX 10.0×the volume

FYEE118KGPIX1.17M

FYEE vs GPIX Performance

Nov 7, 2025 – Nov 9, 2026

+13.8%FYEE+14.2%GPIX

Expense ratio: FYEE 0.28%, better; GPIX 0.29%
Fund size: FYEE $320M; GPIX $6.33B
1Y total return: FYEE +13.8%; GPIX +14.2%, better
Yield (12M): FYEE 9.30%, better; GPIX 8.43%
Holdings: FYEE 183; GPIX 494
Avg volume (30D): FYEE 118K sh; GPIX 1.17M sh, better
NAV per share: FYEE $29.36; GPIX $53.34
52W range

ETF.net Grade

Pillar letters and Scores for FYEE, GPIX, with each pillar’s weight
Pillar	FYEE	GPIX
Cost30% weight	A89	A89
Mission25% weight	A100	A100
Risk15% weight	D38	C47Higher
Tradability15% weight	C54	B59Higher
Holdings10% weight	B60	A74Higher
Durability5% weight	B57	A78Higher

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. FYEE and GPIX are both graded against the same 51 S&P 500 Option Income funds, so their Grades compare head to head.

S&P 500 Option Income⁠

Category · 51 funds

See all 51 ›

GPIX ranks 4th and FYEE 7th of 51 funds in the S&P 500 Option Income Category.

Rank 1ABALIiShares U.S. Large Cap Premium Income Active ETFScore 82
Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 82
Rank 3AIVVWiShares S&P 500 BuyWrite ETFScore 80
Rank 4AGPIXGoldman Sachs S&P 500 Premium Income ETFScore 78
Rank 5ARSPAInvesco S&P 500 Equal Weight Income Advantage ETFScore 77
Rank 6ATPUTT. Rowe Price Capital Appreciation Market Opportunities ETFScore 75
Rank 7AFYEEFidelity Yield Enhanced Equity ETFScore 74
Rank 7AGQINatixis Gateway Quality Income ETFScore 74

Our read on each fund

ETF.net Research

FYEEAFidelity Yield Enhanced Equity ETF

GPIXAGoldman Sachs S&P 500 Premium Income ETF

In short

FYEE Fidelity's entry in the S&P 500 covered-call scrum: own the large-cap equity book, sell calls against it for income, and charge roughly half the fee of the typical fund in this crowd.

GPIX Most 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

FYEE The fund seeks equity-market exposure and capital appreciation while using a disciplined covered-call program to generate income.

GPIX 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

FYEE Fee of 0.31% against a cohort median of 0.60% for S&P 500 options-income funds. In a strategy where premium income is the whole point, less leakage to costs matters.
The mandate is equity first: capital appreciation and market exposure, with a disciplined covered-call program layered on for income rather than income chased at any cost.fidelity.com
Does exactly what its documents say it does, and sits in the top quartile of a crowded S&P 500 income group on our review.
Cheaper than the marquee names it competes with, including GPIX (0.35%), BALI (0.35%) and SPYI (0.68%).

GPIX 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

FYEE Covered calls swap upside for premium. When the S&P 500 runs hard, the calls written against the portfolio limit how much of that climb the fund keeps.fidelity.com
Income lands quarterly, not monthly, so the cash arrives in four larger drops rather than a steady drip.
Launched in 2024 and moderately traded, so the track record is short and spreads can run wider than the category's largest funds.

GPIX 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.

Full FYEE profile⁠

Full GPIX profile⁠

FYEE vs GPIX Holdings

How FYEE and GPIX differ

Overlap by weight

63.0%

Shared holdings make up 89.8% of FYEE and 66.8% of GPIX.

About this figure: FYEE earns income from options, which aren’t counted.

GPIX earns income from options, which aren’t counted.

Level by level

Holdings106 in both63.0%
Sector11 Sectors92.0%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in FYEE and GPIX, widest gap first
Sector	Gap	FYEE	GPIX
Technology	FYEE +4.0 points	40.5%	36.5%
Consumer Discretionary	GPIX +2.6 points	7.4%	10.0%
Industrials	FYEE +2.4 points	9.9%	7.5%
Consumer Staples	GPIX +1.8 points	3.3%	5.1%
Utilities	GPIX +1.4 points	0.8%	2.2%
Communication	FYEE +1.3 points	9.4%	8.1%
Health Care	GPIX +1.0 points	9.6%	10.6%
Energy	GPIX +0.6 points	2.9%	3.5%
Financials	GPIX +0.4 points	12.3%	12.7%
Real Estate	FYEE +0.2 points	2.1%	1.9%
Materials	FYEE +0.1 points	1.8%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in FYEE and GPIX, widest gap first
Country	Gap	FYEE	GPIX
United States	FYEE +0.4 points	99.9%	99.5%
Switzerland	GPIX +0.3 points	0.0%	0.3%
China	GPIX +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FYEE39.2%
GPIX38.0%

Securities held

FYEE180
GPIX493

Asset class

FYEE: Stocks
GPIX: Stocks

Holdings

Only in FYEE74
In both106
Only in GPIX387

Only in FYEE

74 securities, 6.7% of FYEE by weight

Unity Software Inc0.59%
Gaming and Leisure Proprti Inc0.31%
Lyft Inc0.29%
SS&C Technologies Holdings Inc0.27%
Docusign Inc0.23%
Wesco International Inc0.21%
Commercial Metals Co0.20%
Zoom Communications Inc Class A0.19%
Outfront Media Inc0.19%
Five Below Inc0.19%
Lamar Advertising Co Class A0.18%
Amdocs Ltd0.18%
Crane Co0.17%
Cirrus Logic Inc0.16%
Hubspot Inc0.16%
Medpace Holdings Inc0.15%
Applied Industrial Tech Inc0.14%
Snowflake Inc0.14%
Bill Holdings Inc0.13%
Ust Bills 0% 12/17/260.13%
Toro Co0.12%
Oscar Health Inc - Class A0.11%
Ust Bills 0% 11/12/260.10%
Chime Financial Inc0.10%
Maplebear Inc0.10%
Roku Inc Class A0.10%
Option Care Health Inc0.09%
Sensata Technologies Hldg PLC0.09%
Flutter Entertainment PLC0.09%
Navan Inc A0.09%
Roblox Corp0.09%
Landstar System Inc0.09%
Qiagen NV (Usa)0.08%
Clear Secure Inc0.08%
Graco Inc0.08%
Stifel Financial Corp0.07%
Atlassian Corp PLC Cls A0.07%
Technipfmc PLC0.07%
Zurn Elkay Water Solutions Cor0.06%
Lpl Financial Holdings Inc0.06%
Mongodb Inc Class A0.06%
Nvent Electric PLC0.06%
Aptargroup Inc0.06%
Cloudflare Inc0.05%
Morningstar Inc0.05%
Biomarin Pharmaceutical Inc0.05%
Mercury General Corp0.05%
Hinge Health Inc0.04%
Sotera Health Co0.04%
Paylocity Holding Corp0.03%

Only in GPIX

387 securities, 33.2% of GPIX by weight

Walt Disney Company (The)0.51%
The Home Depot, Inc.0.49%
Philip Morris Intl Inc0.49%
Thermo Fisher Scientific Inc0.42%
Palo Alto Networks Inc.0.41%
Amgen Inc.0.40%
Citigroup Inc.0.38%
Intl Business Machines Corp0.38%
Linde PLC0.36%
Analog Devices Inc.0.36%
BlackRock Funding, Inc.0.36%
Kla Corp0.34%
Verizon Communications Inc.0.33%
American Express Co.0.30%
Salesforce Inc0.29%
Tjx Companies Inc (New)0.27%
Intuitive Surgical, Inc.0.27%
Pfizer Inc.0.27%
Union Pacific Corp.0.27%
Lam Research Corporation0.26%
Deere & Company0.26%
Capital One Financial Corp0.25%
Nextera Energy, Inc.0.25%
S&P Global Inc.0.25%
Accenture PLC0.25%
The Southern Co.0.25%
Chubb Limited0.24%
Newmont Corp0.24%
Duke Energy Corporation0.24%
Mc Donalds Corp0.23%
Boeing Company0.22%
Medtronic Public Limited Company0.22%
Vertex Pharmaceuticals Incorporated0.21%
Danaher Corporation0.21%
Automatic Data Processing Inc0.20%
Booking Holdings Inc.0.20%
Intercontinental Exchange Inc0.19%
Mckesson Corporation0.19%
Blackstone Group Inc/The0.19%
Prologis Inc0.19%
Lockheed Martin Corporation0.18%
Stryker Corporation0.18%
Dell Technologies Inc.0.17%
Cvs Health Corp0.17%
Equinix, Inc.0.17%
American Electric Power Inc0.17%
Freeport-Mcmoran Inc0.17%
Emerson Electric Co.0.17%
U.s. Bancorp0.17%
Intuit Inc0.17%

Weight gaps

The 100 widest of 106 Holdings in both funds.

Holding weights in FYEE and GPIX, widest gap first
Holding	Gap	FYEE	GPIX
Alphabet Inc Class AGOOGL	GPIX +0.98 points	2.55%	3.53%
Uber Technologies IncUBER	FYEE +0.60 points	0.70%	0.10%
Bank of America CorporationBAC	FYEE +0.58 points	0.87%	0.29%
Schwab Charles CorpSCHW	FYEE +0.58 points	0.71%	0.13%
Bristol-Myers Squibb CoBMY	FYEE +0.57 points	0.74%	0.17%
Microsoft CorpMSFT	GPIX +0.56 points	5.68%	6.24%
Tesla IncTSLA	GPIX +0.55 points	1.05%	1.60%
Gilead Sciences IncGILD	FYEE +0.53 points	0.86%	0.33%
Airbnb Inc Class AABNB	FYEE +0.53 points	0.69%	0.16%
Cisco Systems IncCSCO	FYEE +0.52 points	0.98%	0.46%
Ecolab IncECL	FYEE +0.52 points	0.64%	0.12%
Regeneron Pharmaceuticals IncREGN	FYEE +0.51 points	0.64%	0.13%
Alphabet Inc Class CGOOG	FYEE +0.50 points	1.37%	0.87%
Trane Technologies PLCTT	FYEE +0.48 points	0.56%	0.08%
Progressive Corp OhioPGR	FYEE +0.48 points	0.69%	0.21%
Berkshire Hathaway Inc Class BBRK.B	FYEE +0.47 points	2.17%	1.70%
JPMorgan Chase & CoJPM	FYEE +0.48 points	1.86%	1.38%
Altria Group IncMO	FYEE +0.47 points	0.65%	0.18%
Mastercard Inc Class AMA	FYEE +0.47 points	1.30%	0.83%
Advanced Micro Devices IncAMD	GPIX +0.47 points	0.73%	1.20%
Welltower IncWELL	FYEE +0.46 points	0.75%	0.29%
Veralto CorpVLTO	FYEE +0.45 points	0.50%	0.05%
Block Inc Class ASQ	FYEE +0.44 points	0.55%	0.11%
Ford Motor CoF	FYEE +0.44 points	0.51%	0.07%
Eli Lilly & CoLLY	FYEE +0.42 points	2.14%	1.72%
Amphenol Corporation Class AAPH	FYEE +0.41 points	0.73%	0.32%
UnitedHealth Group IncUNH	FYEE +0.40 points	0.98%	0.58%
Adobe IncADBE	FYEE +0.38 points	0.54%	0.16%
Crh Plc(Us)CRH.L	FYEE +0.37 points	0.45%	0.08%
Bank of New York Mellon CorpBNY	FYEE +0.38 points	0.55%	0.17%
Allstate CorporationALL	FYEE +0.37 points	0.47%	0.10%
Caterpillar IncCAT	FYEE +0.37 points	0.63%	0.26%
Johnson & JohnsonJNJ	GPIX +0.36 points	0.69%	1.05%
SempraSRE	FYEE +0.36 points	0.46%	0.10%
Fiserv IncFI	FYEE +0.36 points	0.43%	0.07%
Ge Vernova IncGEV	FYEE +0.35 points	0.70%	0.35%
Nucor CorpNUE	FYEE +0.34 points	0.42%	0.08%
Merck & Co Inc NewMRK	FYEE +0.35 points	0.92%	0.57%
NVIDIA CorpNVDA	GPIX +0.34 points	6.81%	7.15%
Wells Fargo & CoWFC	FYEE +0.33 points	0.76%	0.43%
Nxp Semiconductors NV	FYEE +0.34 points	0.49%	0.15%
Coca Cola CoKO	GPIX +0.34 points	0.26%	0.60%
Ross Stores IncROST	FYEE +0.33 points	0.41%	0.08%
Ametek Inc NewAME	FYEE +0.33 points	0.39%	0.06%
Hartford Insurance Grp Inc/TheHIG	FYEE +0.33 points	0.37%	0.04%
Rtx CorpRTX	FYEE +0.33 points	0.73%	0.40%
Fortinet IncFTNT	FYEE +0.32 points	0.45%	0.13%
General Dynamics CorporationGD	FYEE +0.32 points	0.45%	0.13%
Ge AerospaceGE	FYEE +0.31 points	0.85%	0.54%
Morgan StanleyMS	FYEE +0.28 points	0.62%	0.34%
Netflix IncNFLX	FYEE +0.28 points	0.44%	0.16%
Travelers Companies IncTRV	FYEE +0.28 points	0.41%	0.13%
Netapp IncNTAP	FYEE +0.27 points	0.35%	0.08%
Broadcom IncAVGO	FYEE +0.27 points	2.27%	2.00%
Johnson Controls Internatl PLC	FYEE +0.26 points	0.38%	0.12%
Exxonmobil Holdings CorpXOM	FYEE +0.26 points	1.34%	1.08%
Applied Materials IncAMAT	FYEE +0.26 points	0.55%	0.29%
Howmet Aerospace IncHWM	FYEE +0.25 points	0.39%	0.14%
Boston Scientific CorpBSX	FYEE +0.25 points	0.33%	0.08%
General Motors CoGM	FYEE +0.25 points	0.42%	0.17%
Pepsico IncPEP	FYEE +0.24 points	0.51%	0.27%
Cme Group Inc Class ACME	FYEE +0.23 points	0.41%	0.18%
Ppl CorporationPPL	FYEE +0.22 points	0.22%	<0.01%
Veeva Sys Inc Class AVEEV	FYEE +0.22 points	0.33%	0.11%
Occidental Petroleum CorpOXY	FYEE +0.21 points	0.26%	0.05%
Intel CorpINTC	FYEE +0.21 points	0.51%	0.30%
Chevron CorpCVX	FYEE +0.19 points	0.87%	0.68%
Visa Inc Class AV	FYEE +0.20 points	1.34%	1.14%
Parker Hannifin CorpPH	FYEE +0.20 points	0.40%	0.20%
Elevance Health IncANTM	FYEE +0.19 points	0.34%	0.15%
AbbVie IncABBV	FYEE +0.19 points	1.00%	0.81%
Western Digital CorpWDC	FYEE +0.19 points	0.37%	0.18%
Comcast Corp Class ACMCSA	FYEE +0.18 points	0.36%	0.18%
Abbott LaboratoriesABT	FYEE +0.18 points	0.49%	0.31%
Qualcomm IncQCOM	FYEE +0.19 points	0.50%	0.31%
Seagate Techn Holdings PLCSTX	FYEE +0.18 points	0.29%	0.11%
Texas Instruments IncTXN	FYEE +0.18 points	0.64%	0.46%
Sysco CorpSYY	FYEE +0.18 points	0.24%	0.06%
Costco Wholesale CorpCOST	FYEE +0.17 points	0.90%	0.73%
Kkr & Co IncKKR	FYEE +0.18 points	0.33%	0.15%
AT&T IncT	FYEE +0.17 points	0.43%	0.26%
Chipotle Mexican Grill IncCMG	FYEE +0.17 points	0.25%	0.08%
Meta Platforms Inc Class AMETA	FYEE +0.16 points	2.37%	2.21%
Fedex CorpFDX	FYEE +0.16 points	0.29%	0.13%
Apple IncAAPL	GPIX +0.15 points	7.68%	7.83%
Micron Technology IncMU	FYEE +0.15 points	1.39%	1.24%
American Tower CorpAMT	FYEE +0.15 points	0.30%	0.15%
Starbucks CorpSBUX	FYEE +0.12 points	0.31%	0.19%
Palantir Technologies IncPLTR	GPIX +0.12 points	0.49%	0.61%
Crowdstrike Holdings IncCRWD	FYEE +0.12 points	0.48%	0.36%
ConocophillipsCOP	FYEE +0.12 points	0.36%	0.25%
Baker Hughes CoBKR	FYEE +0.11 points	0.18%	0.07%
Procter & Gamble CoPG	FYEE +0.11 points	0.76%	0.65%
Comfort Systems Usa IncFIX	FYEE +0.09 points	0.19%	0.10%
Allegion PLC	FYEE +0.08 points	0.10%	0.02%
Walmart IncWMT	FYEE +0.08 points	0.95%	0.87%
Expedia IncEXPE	FYEE +0.07 points	0.12%	0.05%
Sandisk CorporationSNDK	FYEE +0.07 points	0.27%	0.20%
Dow IncDOW	FYEE +0.06 points	0.09%	0.03%
Arista Networks IncANET	FYEE +0.04 points	0.38%	0.34%

All FYEE holdings⁠All 497 GPIX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FYEE vs GPIX Cost

Overpaying GPIX vs FYEE

$197

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FYEE 0.28%
$5,755
GPIX 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

FYEE 0.28%
GPIX 0.29%
Overpaying

Year by year

Year	FYEE	GPIX	Overpaying
10	$509	$527	$18
20	$1,976	$2,044	$68
30	$5,755	$5,952	$197

Expense ratio

0.28%FYEE, cheaper
0.29%GPIX

FYEE0.28%GPIX0.29%

0.10%1.18%

Middle half of S&P 500 Option Income funds
Median 0.60%

FYEE 4th cheapest of 51 funds

GPIX 5th cheapest of 51 funds

FYEE vs GPIX Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FYEE 9.30%, better; GPIX 8.43%
Payout (12M): FYEE $2.73; GPIX $4.60
Last payment: FYEE $0.56; GPIX $0.39
Ex-dividend: FYEE Sep 18, 2026; GPIX Nov 2, 2026
Paid on: FYEE Sep 22, 2026; GPIX Nov 6, 2026
Frequency: FYEE Quarterly; GPIX Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FYEEQuarterly · 10 paymentsAll FYEE payments⁠

GPIXMonthly · 36 paymentsAll GPIX payments⁠

FYEE vs GPIX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FYEE 8.4%since May 2024GPIX 10.4%
Return per unit of riskSharpe ratio, 3 years: FYEE 1.43since May 2024GPIX 1.49
Worst fallMax drawdown, 5 years: FYEE −18.8%since Apr 2024GPIX −17.5%since Oct 2023
Market sensitivityBeta, 5 years: FYEE 0.81GPIX 0.84; Market = 1

FYEE and GPIX in the news

All news⁠

New ETFs
AllianceBernstein lists an S&P 500 income ETF that does not say how much the calls cover
Nov 5, 2026GPIX
ETF Filings
Franklin Templeton files two PayDay ETFs that would pay every two weeks
Oct 16, 2026GPIX
ETF Filings
Fidelity files for a gold version of its call-writing fund
Sep 28, 2026FYEE

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FYEE vs GPIX

In short

Stated mandate

Why people hold it

Worth knowing

How FYEE and GPIX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYEE

Only in GPIX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein lists an S&P 500 income ETF that does not say how much the calls cover

Franklin Templeton files two PayDay ETFs that would pay every two weeks

Fidelity files for a gold version of its call-writing fund

How FYEE and GPIX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FYEE

Only in GPIX

Weight gaps