GPIX vs WDTE: Grades, Fees and Holdings Compared

Goldman Sachs S&P 500 Premium Income ETF

GPIXANasdaq

S&P 500 Weekly Distribution ETF

WDTEDNYSE Arca

Overlap

0.0%by weight

Expense ratio

GPIX −0.74pt a year

GPIX0.29%WDTE1.03%

Avg volume · 30D

GPIX 54.6×the volume

GPIX1.14MWDTE20.9K

3Y return · a year

GPIX +6.6pt

GPIX+21.1%WDTE+14.5%

GPIX vs WDTE Performance

Oct 31, 2025 – Oct 30, 2026

+13.2%GPIX+11.8%WDTE

Expense ratio: GPIX 0.29%, better; WDTE 1.03%
Fund size: GPIX $6.46B; WDTE $69M
1Y total return: GPIX +13.2%, better; WDTE +11.8%
Yield (12M): GPIX 8.32%; WDTE 33.61%, better
Holdings: GPIX 486; WDTE 4
Avg volume (30D): GPIX 1.14M sh, better; WDTE 20.9K sh
NAV per share: GPIX $56.03; WDTE $27.52
52W range

ETF.net Grade

Pillar letters and Scores for GPIX, WDTE, with each pillar’s weight
Pillar	GPIX	WDTE
Cost30% weight	A87Higher	F4
Mission25% weight	A100Higher	A72
Risk15% weight	C40Higher	D38
Tradability15% weight	B68Higher	F21
Holdings10% weight	B68	Not scored
Durability5% weight	A77Higher	D38

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. GPIX and WDTE 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 WDTE 48th 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 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 76
Rank 46DSDTYYieldMax S&P 500 0DTE Covered Call Strategy ETFScore 35
Rank 48DWDTES&P 500 Weekly Distribution ETFScore 33
Rank 49DYSPYGraniteShares YieldBOOST SPY ETFScore 25

Our read on each fund

ETF.net Research

GPIXAGoldman Sachs S&P 500 Premium Income ETF

WDTEDS&P 500 Weekly Distribution 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.

WDTE Defiance built WDTE to cut a paycheck every week: it sells daily credit call spreads on the S&P 500 while holding long index exposure, and targets a 30% annualized distribution funded mainly by option premiums.

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.

WDTE WDTE seeks current income and exposure to the performance of the S&P 500 Index. It is actively managed and uses daily credit call spreads with long index exposure to generate weekly cash distributions.

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.

WDTE Weekly payouts, not quarterly. Cash comes primarily from premiums collected selling daily S&P 500 call spreads, with distributions scheduled every week.defianceetfs.com
Spreads, not naked calls. Each sold call is paired with a higher-strike call it buys, so index moves above that upper strike still flow through to the fund.defianceetfs.com
The 30% annualized distribution target is written into the strategy, so the payout math the fund is aiming at is stated up front, not improvised.defianceetfs.com

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.

WDTE At 1.03% a year it is one of the pricier ways to run this trade; the S&P 500 options-income median sits near 0.60%, and peers like IVVW and GPIX charge well under half.
A payout target that aggressive can return your own capital in lean premium weeks, and gains between the two strikes are handed to the option buyer.defianceetfs.com
Thinly traded next to the heavyweights of its category, and it sits in the bottom quartile of a crowded S&P 500 options-income peer group.

Full GPIX profile⁠

Full WDTE profile⁠

GPIX vs WDTE Holdings

How GPIX and WDTE differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GPIX and 0.0% of WDTE.

Level by level

Holdings0 in both0.0%
Sector11 Sectors93.5%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in GPIX and WDTE, widest gap first
Sector	More in GPIXMore in WDTE	GPIX	WDTE
Communication	WDTE +4.7 points	5.9%	10.6%
Financials	GPIX +4.1 points	15.2%	11.1%
Health Care	GPIX +1.4 points	9.7%	8.3%
Consumer Discretionary	WDTE +0.8 points	9.1%	9.9%
Energy	GPIX +0.7 points	3.8%	3.1%
Industrials	WDTE +0.5 points	7.3%	7.8%
Technology	WDTE +0.3 points	38.8%	39.1%
Consumer Staples	GPIX +0.1 points	4.6%	4.5%
Materials	GPIX +0.1 points	1.8%	1.7%
Real Estate	WDTE +0.1 points	1.7%	1.8%
Utilities	WDTE +0.1 points	2.0%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in GPIX and WDTE, widest gap first
Country	More in GPIXMore in WDTE	GPIX	WDTE
United States	WDTE +0.5 points	99.5%	100.0%
Other countries (5)	GPIX +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

GPIX38.7%
WDTE100.5%

Securities held

GPIX485
WDTE3

Asset class

GPIX: Equity
WDTE: Equity

Holdings

Only in GPIX485
In both0
Only in WDTE3

Only in GPIX

485 securities, 100% of GPIX by weight

NVIDIA Corporation7.82%
Apple Inc.7.66%
Microsoft Corporation5.92%
Amazon.com Inc3.57%
State Street Communication Services Select Sector3.48%
Alphabet Inc.2.82%
Broadcom Inc.2.46%
Tesla Inc.1.67%
Eli Lilly & Co1.66%
Micron Technology, Inc.1.61%
Berkshire Hathaway Inc.1.53%
JPMorgan Chase & Co1.41%
Advanced Micro Devices Inc.1.39%
Meta Platforms Inc-Class A1.31%
Exxonmobil Holdings Corporation1.15%
Visa Inc.1.04%
Johnson & Johnson1.00%
Alphabet Inc.0.85%
Walmart Inc0.80%
AbbVie Inc.0.78%
Mastercard Incorporated0.77%
Chevron Corporation0.71%
Intel Corporation0.69%
Palantir Technologies Inc.0.66%
Costco Wholesale Corporation0.65%
Cisco Systems, Inc.0.65%
The Procter & Gamble Company0.62%
UnitedHealth Group Incorporated0.57%
Coca-Cola Company (The)0.55%
Merck & Co., Inc.0.54%
Bank of America Corp0.52%
Applied Materials Inc0.50%
Philip Morris Intl Inc0.48%
Lam Research Corporation0.47%
General Electric Company0.47%
Palo Alto Networks Inc.0.46%
Caterpillar Inc (Delaware)0.46%
Texas Instruments Inc.0.42%
Rtx Corp0.41%
Morgan Stanley0.41%
Thermo Fisher Scientific Inc0.41%
Crowdstrike Holdings, Inc.0.40%
Wells Fargo & Company0.39%
Amgen Inc.0.38%
The Home Depot, Inc.0.35%
Ge Vernova Llc0.35%
Oracle Corporation0.35%
Intl Business Machines Corp0.34%
Linde PLC0.34%
Citigroup Inc.0.33%

Only in WDTE

3 securities, 100% of WDTE by weight

Spx Us 12/18/26 C60094.38%
First American Government Obligations Fund 12/01/20315.21%
Spx 11/02/2026 7601.29 C0.39%

Weight gaps

GPIX and WDTE share no securities.

All 490 GPIX holdings⁠All 5 WDTE 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 WDTE Cost

Overpaying WDTE vs GPIX

$13,221

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

GPIX 0.29%
$5,952
WDTE 1.03%
$19,173

Amount$10,000

Years30 years

Cost over time

GPIX 0.29%
WDTE 1.03%
Overpaying

Year by year

Year	GPIX	WDTE	Overpaying
10	$527	$1,814	$1,287
20	$2,044	$6,807	$4,763
30	$5,952	$19,173	$13,221

Expense ratio

0.29%GPIX, cheaper
1.03%WDTE

GPIX0.29%WDTE1.03%

0.10%1.18%

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

GPIX 5th cheapest of 51 funds

WDTE 49th cheapest of 51 funds

GPIX vs WDTE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GPIX 8.32%; WDTE 33.61%, better
Payout (12M): GPIX $4.59; WDTE $9.23
Last payment: GPIX $0.40; WDTE $0.16
Ex-dividend: GPIX Oct 1, 2026; WDTE Oct 29, 2026
Paid on: GPIX Oct 7, 2026; WDTE Oct 30, 2026
Frequency: GPIX Monthly; WDTE Weekly

Distribution history

Per share, 2026, same scale for both

GPIXMonthly · 10 paymentsAll GPIX payments⁠

WDTEWeekly · 43 paymentsAll WDTE payments⁠

GPIX vs WDTE 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%WDTE 10.4%
Return per unit of riskSharpe ratio, 3 years: GPIX 1.49, betterWDTE 0.93
Worst fallMax drawdown, 5 years: GPIX −17.5%since Oct 2023WDTE −15.8%since Sep 2023
Market sensitivityBeta, 5 years: GPIX 0.84WDTE 0.74; Market = 1

GPIX and WDTE 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 WDTE

In short

Stated mandate

Why people hold it

Worth knowing

How GPIX and WDTE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in WDTE

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 WDTE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in WDTE

Weight gaps