GPIX vs GQI: Grades, Fees and Holdings Compared

Goldman Sachs S&P 500 Premium Income ETF

GPIXANasdaq

Natixis Gateway Quality Income ETF

GQIANYSE Arca

Overlap

50.9%by weight

Expense ratio

GPIX −0.05pt a year

GPIX0.29%GQI0.34%

Avg volume · 30D

GPIX 47.0×the volume

GPIX1.14MGQI24.2K

GPIX vs GQI Performance

Oct 31, 2025 – Nov 2, 2026

+12.6%GPIX+15.3%GQI

Expense ratio: GPIX 0.29%, better; GQI 0.34%
Fund size: GPIX $6.4B; GQI $306M
1Y total return: GPIX +12.6%; GQI +15.3%, better
Yield (12M): GPIX 9.13%; GQI 9.46%, better
Holdings: GPIX 483; GQI 123
Avg volume (30D): GPIX 1.14M sh, better; GQI 24.2K sh
NAV per share: GPIX $55.10; GQI $59.84
52W range

ETF.net Grade

Pillar letters and Scores for GPIX, GQI, with each pillar’s weight
Pillar	GPIX	GQI
Cost30% weight	A87Higher	A80
Mission25% weight	A100	A100
Risk15% weight	C40	B61Higher
Tradability15% weight	B65Higher	B55
Holdings10% weight	B68Higher	C48
Durability5% weight	A77Higher	C54

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. GPIX and GQI 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 GQI 6th of 51 funds in the S&P 500 Option Income Category.

Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 83
Rank 2ABALIiShares U.S. Large Cap Premium Income Active ETFScore 81
Rank 2AIVVWiShares S&P 500 BuyWrite ETFScore 81
Rank 4AGPIXGoldman Sachs S&P 500 Premium Income ETFScore 77
Rank 5ARSPAInvesco S&P 500 Equal Weight Income Advantage ETFScore 76
Rank 6AGQINatixis Gateway Quality Income ETFScore 74
Rank 6AXYLDGlobal X S&P 500 Covered Call ETFScore 74

Our read on each fund

ETF.net Research

GPIXAGoldman Sachs S&P 500 Premium Income ETF

GQIANatixis Gateway Quality Income ETF

In short

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.

GQI Most S&P 500 income funds sell calls against the whole book. GQI writes options on half its equity, leaves the other half unencumbered, screens its stocks for quality, and pays monthly.

Stated mandate

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.

GQI The Fund seeks current income with capital-appreciation potential. It invests in diversified high-quality U.S. common stocks and uses an options-selling overlay on 50% of the equity portfolio to support monthly cash distributions, enhance return, and reduce downside risk.

Why people hold it

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.

GQI The options overlay covers 50% of the equity portfolio by design, so half the stock sleeve is never sitting under a call strike.
At 0.34%, it undercuts the 0.60% median of its S&P 500 options-income cohort, and sits well below peers like SPYI (0.68%) and XYLD (0.60%).
The equity side is a diversified basket of high-quality US common stocks, an advertised quality screen rather than a straight index clone.
Cash goes out monthly, and the portfolio tracks the mandate in its prospectus closely. Rated in the top quartile of a 51-fund cohort of S&P 500 income strategies.

Worth knowing

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.

GQI Written calls cap gains on the covered half. That is the trade: option premium now in exchange for giving up part of a strong rally.
Shares are thinly traded, so the spread you pay getting in and out can matter more than the expense ratio.
A 2023 launch with an asset base in the tens to low hundreds of millions, smaller and younger than the household names in this category.

Full GPIX profile⁠

Full GQI profile⁠

GPIX vs GQI Holdings

How GPIX and GQI differ

Overlap by weight

50.9%

Shared holdings make up 83.7% of GQI and 56.5% of GPIX.

Level by level

Asset classEquity, Alternatives0.0%
Holdings103 in both50.9%
Sector11 Sectors90.5%
Countryby domicile98.4%

Sector

Sector weights in GPIX and GQI, widest gap first
Sector	More in GPIXMore in GQI	GPIX	GQI
Financials	GPIX +5.9 points	15.2%	9.3%
Communication	GQI +4.1 points	5.9%	10.0%
Technology	GQI +1.8 points	38.8%	40.5%
Utilities	GPIX +1.5 points	2.0%	0.5%
Real Estate	GPIX +1.4 points	1.7%	0.3%
Consumer Staples	GQI +1.2 points	4.6%	5.8%
Consumer Discretionary	GQI +1.0 points	9.1%	10.1%
Health Care	GQI +0.8 points	9.7%	10.5%
Materials	GPIX +0.8 points	1.8%	1.0%
Industrials	GQI +0.5 points	7.3%	7.8%
Energy	GQI +0.2 points	3.8%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in GPIX and GQI, widest gap first
Country	More in GPIXMore in GQI	GPIX	GQI
United States	GPIX +1.1 points	99.5%	98.4%
Ireland	GQI +0.8 points	0.0%	0.8%
Other countries (6)	GQI +0.3 points	0.5%	0.8%

Concentration

Weight in the 10 largest Holdings

GPIX38.3%
GQI39.8%

Securities held

GPIX482
GQI123

Asset class

GPIX: Equity
GQI: Alternatives

Holdings

Only in GPIX379
In both103
Only in GQI20

Only in GPIX

379 securities, 43.0% of GPIX by weight

State Street Communication Services Select Sector3.50%
Visa Inc.1.07%
Alphabet Inc.0.85%
Chevron Corporation0.73%
The Procter & Gamble Company0.64%
UnitedHealth Group Incorporated0.57%
Coca-Cola Company (The)0.57%
Merck & Co., Inc.0.56%
Philip Morris Intl Inc0.49%
General Electric Company0.46%
Palo Alto Networks Inc.0.45%
Bank of America Corp0.43%
Rtx Corp0.42%
Texas Instruments Inc.0.41%
Thermo Fisher Scientific Inc0.41%
Morgan Stanley0.41%
Amgen Inc.0.39%
Crowdstrike Holdings, Inc.0.39%
Wells Fargo & Company0.39%
The Home Depot, Inc.0.36%
Caterpillar Inc (Delaware)0.36%
Linde PLC0.35%
Intl Business Machines Corp0.35%
Oracle Corporation0.33%
Citigroup Inc.0.33%
Gilead Sciences0.33%
Analog Devices Inc.0.32%
Amphenol Corp Cl-A (New)0.30%
Mc Donalds Corp0.29%
BlackRock Funding, Inc.0.29%
Abbott Laboratories0.29%
Conocophillips0.28%
Union Pacific Corp.0.27%
Pfizer Inc.0.27%
Deere & Company0.27%
Marvell Technology, Inc.0.26%
Salesforce Inc0.26%
Welltower, Inc.0.26%
American Express Co.0.25%
The Southern Co.0.25%
Eaton Corp PLC0.24%
Duke Energy Corporation0.24%
Intuitive Surgical, Inc.0.24%
S&P Global Inc.0.23%
Accenture PLC0.23%
Chubb Limited0.23%
Charles Schwab Corporation0.23%
Servicenow Inc0.22%
Prologis Inc0.22%
Pepsico, Inc.0.22%

Only in GQI

20 securities, 16.8% of GQI by weight

Bnp Paribas Issuance B.v. Spx 11/17/262.57%
Royal Bank of Canada Spx 11/03/262.56%
Ubs AG London Branch Spx 12/01/262.54%
Gs Finance Corp. Spx 11/24/261.87%
Royal Bank of Canada Spx 11/10/261.06%
Accenture PLC Class A Common Stock USD.00002250.60%
Exelixis Inc Common Stock USD.0010.55%
Manhattan Associates Inc Common Stock USD.010.53%
Hf Sinclair Corp Common Stock0.46%
Evercore Inc A Common Stock USD.010.45%
Spotify Technology SA Common Stock EUR.0006250.45%
Murphy Usa Inc Common Stock USD.010.44%
Td Synnex Corp Common Stock USD.0010.42%
Medpace Holdings Inc Common Stock USD.010.41%
Applovin Corp Class A Common Stock USD.000030.40%
Toast Inc Class A Common Stock USD.0000010.39%
Natera Inc Common Stock0.34%
Lululemon Athletica Inc Common Stock USD.0050.31%
Chime Financial Inc Class A Common Stock USD.00010.30%
Erie Indemnity Company Class A Common Stock0.18%

Weight gaps

The 100 widest of 103 Holdings in both funds.

Holding weights in GPIX and GQI, widest gap first
Holding	More in GPIXMore in GQI	GPIX	GQI
Mastercard IncorporatedMA	GQI +1.83 points	0.78%	2.61%
Alphabet Inc.GOOGL	GQI +1.68 points	2.68%	4.36%
Microsoft CorporationMSFT	GPIX +1.62 points	5.93%	4.31%
Cencora IncCOR	GQI +1.24 points	0.09%	1.33%
Idexx LaboratoriesIDXX	GQI +1.11 points	0.08%	1.19%
Valero Energy CorporationVLO	GQI +1.03 points	0.18%	1.21%
Lockheed Martin CorporationLMT	GQI +0.97 points	0.20%	1.17%
Costco Wholesale CorporationCOST	GQI +0.89 points	0.68%	1.57%
Fastenal CompanyFAST	GQI +0.89 points	0.08%	0.97%
Cardinal Health, Inc.CAH	GQI +0.80 points	0.08%	0.88%
The Progressive CorporationPGR	GQI +0.79 points	0.20%	0.99%
Emcor Group, Inc.EME	GQI +0.79 points	0.04%	0.83%
Kroger CompanyKR	GQI +0.75 points	0.08%	0.83%
Meta Platforms Inc-Class AMETA	GQI +0.71 points	1.31%	2.02%
Colgate-Palmolive CoCL	GQI +0.70 points	0.11%	0.81%
Expeditors International of Washington, Inc.EXPD	GQI +0.68 points	0.03%	0.71%
Verisign, Inc.VRSN	GQI +0.66 points	0.03%	0.69%
W.w. Grainger IncGWW	GQI +0.65 points	0.10%	0.75%
Prudential Financial IncPRU	GQI +0.65 points	0.06%	0.71%
Fortinet, Inc.FTNT	GQI +0.62 points	0.15%	0.77%
Tapestry, Inc.TPR	GQI +0.59 points	0.05%	0.64%
Kimberly-Clark CorporationKMB	GQI +0.58 points	0.01%	0.59%
Ulta Beauty IncULTA	GQI +0.53 points	0.07%	0.60%
Incyte CorporationINCY	GQI +0.53 points	0.02%	0.55%
Exxonmobil Holdings CorporationXOM	GPIX +0.52 points	1.20%	0.68%
Tesla Inc.TSLA	GPIX +0.51 points	1.68%	1.17%
Phillips 66PSX	GQI +0.51 points	0.18%	0.69%
Seagate Technology Holdin PLCSTX	GQI +0.49 points	0.21%	0.70%
Mckesson CorporationMCK	GQI +0.48 points	0.17%	0.65%
Comfort Systems Usa IncFIX	GQI +0.48 points	0.07%	0.55%
Best Buy Co IncBBY	GQI +0.47 points	0.04%	0.51%
Broadcom Inc.AVGO	GPIX +0.47 points	2.36%	1.89%
Amazon.com IncAMZN	GPIX +0.45 points	3.58%	3.13%
Tjx Companies Inc (New)TJX	GQI +0.45 points	0.28%	0.73%
Regions Financial CorporationRF	GQI +0.43 points	0.02%	0.45%
Archer-Daniels-Midland CompanyADM	GQI +0.44 points	0.05%	0.49%
N V R IncNVR	GQI +0.42 points	0.02%	0.44%
Cisco Systems, Inc.CSCO	GPIX +0.41 points	0.63%	0.22%
Adobe IncADBE	GQI +0.39 points	0.16%	0.55%
C.h. Robinson Worldwide, Inc.CHRW	GQI +0.38 points	0.02%	0.40%
Cintas CorporationCTAS	GQI +0.38 points	0.13%	0.51%
Advanced Micro Devices Inc.AMD	GPIX +0.37 points	1.26%	0.89%
Marathon Petroleum CorporationMPC	GQI +0.36 points	0.20%	0.56%
Williams-Sonoma, Inc.WSM	GQI +0.36 points	0.10%	0.46%
Moody's CorporationMCO	GQI +0.33 points	0.12%	0.45%
Lam Research CorporationLRCX	GQI +0.31 points	0.42%	0.73%
Jabil IncJBL	GQI +0.30 points	0.03%	0.33%
Intel CorporationINTC	GPIX +0.28 points	0.48%	0.20%
Deckers Outdoors CorpDECK	GQI +0.29 points	0.03%	0.32%
Cboe Global Markets, IncCBOE	GQI +0.28 points	0.05%	0.33%
Newmont CorpNEM	GQI +0.27 points	0.18%	0.45%
T. Rowe Price Group, Inc.TROW	GQI +0.27 points	0.01%	0.28%
Johnson & JohnsonJNJ	GPIX +0.26 points	1.01%	0.75%
NVIDIA CorporationNVDA	GQI +0.25 points	7.61%	7.86%
Domino's Pizza, Inc.DPZ	GQI +0.24 points	0.02%	0.26%
Netflix, Inc.NFLX	GQI +0.24 points	0.14%	0.38%
Vertex Pharmaceuticals IncorporatedVRTX	GQI +0.23 points	0.21%	0.44%
Monster Beverage CorporationMNST	GQI +0.22 points	0.15%	0.37%
Public StoragePSA	GQI +0.22 points	0.10%	0.32%
Qualcomm IncQCOM	GQI +0.21 points	0.28%	0.49%
AbbVie Inc.ABBV	GQI +0.21 points	0.81%	1.02%
Constellation Energy CorpCEG	GQI +0.21 points	0.12%	0.33%
Berkshire Hathaway Inc.BRK.B	GPIX +0.20 points	1.56%	1.36%
A.o. Smith Corp (Del)AOS	GQI +0.19 points	<0.01%	0.19%
JPMorgan Chase & CoJPM	GPIX +0.18 points	1.41%	1.23%
Sandisk CorporationSNDK	GQI +0.17 points	0.25%	0.42%
Apple Inc.AAPL	GQI +0.16 points	7.70%	7.86%
Teradyne IncTER	GQI +0.16 points	0.07%	0.23%
Eog Resources IncEOG	GQI +0.16 points	0.11%	0.27%
Tyson Foods Inc Cl-ATSN	GQI +0.16 points	0.03%	0.19%
Rollins Inc.ROL	GQI +0.15 points	0.02%	0.17%
Micron Technology, Inc.MU	GQI +0.15 points	1.55%	1.70%
Nucor CorporationNUE	GQI +0.14 points	0.09%	0.23%
Insulet CorporationPODD	GQI +0.14 points	0.02%	0.16%
Texas Pacific Land CorporationTPL	GQI +0.13 points	0.02%	0.15%
Steel Dynamics, Inc.STLD	GQI +0.12 points	0.04%	0.16%
Bunge Global SABG	GQI +0.11 points	0.02%	0.13%
Monolithic Power Systems, Inc.MPWR	GQI +0.10 points	0.10%	0.20%
Arista Networks, Inc.ANET	GQI +0.09 points	0.27%	0.36%
Illinois Tool WorksITW	GQI +0.09 points	0.15%	0.24%
Bristol-Myers Squibb CompanyBMY	GPIX +0.09 points	0.19%	0.10%
Vistra CorpVST	GQI +0.08 points	0.06%	0.14%
Western Digital CorporationWDC	GPIX +0.08 points	0.20%	0.12%
Factset Research Systems IncFDS	GQI +0.08 points	0.02%	0.10%
General Dynamics Corp.GD	GQI +0.07 points	0.13%	0.20%
Cf Industries Holdings, Inc.CF	GQI +0.07 points	0.02%	0.09%
Expedia Group IncEXPE	GQI +0.06 points	0.05%	0.11%
Ross Stores IncROST	GPIX +0.06 points	0.15%	0.09%
Palantir Technologies Inc.PLTR	GQI +0.04 points	0.63%	0.67%
Vertiv Holdings LlcVRT	GQI +0.05 points	0.12%	0.17%
Eli Lilly & CoLLY	GQI +0.05 points	1.74%	1.79%
Centene CorporationCNC	GQI +0.05 points	0.05%	0.10%
Dexcom, Inc.DXCM	GQI +0.04 points	0.04%	0.08%
Kla CorpKLAC	GQI +0.04 points	0.31%	0.35%
Walmart IncWMT	GPIX +0.04 points	0.83%	0.79%
Te Connectivity CorporationTEL	GQI +0.03 points	0.10%	0.13%
Regeneron Pharmaceutical IncREGN	GPIX +0.03 points	0.13%	0.10%
Rockwell Automation IncROK	GQI +0.02 points	0.09%	0.11%
Applied Materials IncAMAT	GQI +0.03 points	0.42%	0.45%
Allstate CorporationALL	GPIX +0.01 points	0.10%	0.09%

All 486 GPIX holdings⁠All GQI 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.

GPIX vs GQI Cost

Overpaying GQI vs GPIX

$980

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

GPIX 0.29%
$5,952
GQI 0.34%
$6,932

Amount$10,000

Years30 years

Cost over time

GPIX 0.29%
GQI 0.34%
Overpaying

Year by year

Year	GPIX	GQI	Overpaying
10	$527	$616	$89
20	$2,044	$2,386	$342
30	$5,952	$6,932	$980

Expense ratio

0.29%GPIX, cheaper
0.34%GQI

GPIX0.29%GQI0.34%

0.10%1.18%

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

GPIX 5th cheapest of 51 funds

GQI 10th cheapest of 51 funds

GPIX vs GQI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GPIX 9.13%; GQI 9.46%, better
Payout (12M): GPIX $4.97; GQI $5.63
Last payment: GPIX $0.39; GQI $0.36
Ex-dividend: GPIX Nov 2, 2026; GQI Nov 2, 2026
Paid on: GPIX Pays Nov 6, 2026; GQI Pays Nov 3, 2026
Frequency: GPIX Monthly; GQI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIXMonthly · 36 paymentsAll GPIX payments⁠

GQIMonthly · 35 paymentsAll GQI payments⁠

GPIX vs GQI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GPIX 10.4%GQI 8.8%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: GPIX 1.49GQI 1.20since Jan 2024
Worst fallMax drawdown, 5 years: GPIX −17.5%since Oct 2023GQI −16.5%since Dec 2023
Market sensitivityBeta, 5 years: GPIX 0.84GQI 0.71; Market = 1

GPIX and GQI in the news

All news⁠

ETF Filings
Franklin Templeton files two PayDay ETFs that would pay every two weeks
Oct 16, 2026GPIX

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GPIX vs GQI

In short

Stated mandate

Why people hold it

Worth knowing

How GPIX and GQI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in GQI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

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

How GPIX and GQI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in GQI

Weight gaps