GPIX vs XYLD: Grades, Fees and Holdings Compared

Goldman Sachs S&P 500 Premium Income ETF

GPIXANasdaq

Global X S&P 500 Covered Call ETF

XYLDANYSE Arca

Overlap

90.3%by weight

Expense ratio

GPIX −0.31pt a year

GPIX0.29%XYLD0.60%

Avg volume · 30D

GPIX 1.9×the volume

GPIX1.14MXYLD588K

3Y return · a year

GPIX +6.3pt

GPIX+19.8%XYLD+13.5%

GPIX vs XYLD Performance

Oct 31, 2025 – Nov 2, 2026

+12.6%GPIX+14.0%XYLD

Expense ratio: GPIX 0.29%, better; XYLD 0.60%
Fund size: GPIX $6.4B; XYLD $3.35B
1Y total return: GPIX +12.6%; XYLD +14.0%, better
Yield (12M): GPIX 9.13%; XYLD 10.36%, better
Holdings: GPIX 483; XYLD 505
Avg volume (30D): GPIX 1.14M sh, better; XYLD 588K sh
NAV per share: GPIX $55.10; XYLD $41.08
52W range

ETF.net Grade

Pillar letters and Scores for GPIX, XYLD, with each pillar’s weight
Pillar	GPIX	XYLD
Cost30% weight	A87Higher	C50
Mission25% weight	A100	A100
Risk15% weight	C40	B66Higher
Tradability15% weight	B65	A91Higher
Holdings10% weight	B68Higher	B65
Durability5% weight	A77	A91Higher

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. GPIX and XYLD 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 XYLD 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
Rank 8AFYEEFidelity Yield Enhanced Equity ETFScore 73

Our read on each fund

ETF.net Research

GPIXAGoldman Sachs S&P 500 Premium Income ETF

XYLDAGlobal X S&P 500 Covered Call 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.

XYLD The purist's covered call fund: XYLD owns the S&P 500 and sells at-the-money calls on the whole book each month, then pays the premium out. Maximum income mechanics, minimum upside left over. Running since 2013.

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.

XYLD The Fund seeks to generally match the performance of the Cboe S&P 500 BuyWrite Index before fees and expenses. It uses an indexed covered-call strategy combining S&P 500 equity exposure with written S&P 500 call options.

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.

XYLD Rules to the letter: strikes and timing come from Cboe's BuyWrite methodology, not a manager's mood, and the fund has stayed tight to that index.cboe.com
Trading since 2013 and now a multi-billion-dollar fund that changes hands easily, so getting in and out rarely means fighting a wide spread.
Premiums land monthly, and the equity leg is the full S&P 500 (roughly 500 names), not a hand-picked slice of it.globalxetfs.com
Among 50-plus S&P 500 option-income funds, it is one of the stronger implementations of the classic buy-write.

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.

XYLD The full at-the-money overwrite is the trade: in a strong up month, the written calls give back most of the gain above the strike.cboe.com
At 0.60% it sits right at the peer median, while newer entrants like IVVW (0.25%) and GPIX (0.35%) come in cheaper.
Monthly payouts float with option premiums. There is no declared target rate, so the size of the check moves with volatility.globalxetfs.com

Full GPIX profile⁠

Full XYLD profile⁠

GPIX vs XYLD Holdings

How GPIX and XYLD differ

Overlap by weight

90.3%

Shared holdings make up 96.9% of XYLD and 93.4% of GPIX.

Level by level

Holdings454 in both90.3%
Sector11 Sectors94.0%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in GPIX and XYLD, widest gap first
Sector	More in GPIXMore in XYLD	GPIX	XYLD
Communication	XYLD +4.0 points	5.9%	9.9%
Financials	GPIX +4.0 points	15.2%	11.2%
Technology	XYLD +1.7 points	38.8%	40.5%
Health Care	GPIX +0.4 points	9.7%	9.3%
Energy	GPIX +0.4 points	3.8%	3.4%
Consumer Discretionary	GPIX +0.3 points	9.1%	8.8%
Consumer Staples	GPIX +0.3 points	4.6%	4.3%
Industrials	XYLD +0.3 points	7.3%	7.5%
Materials	GPIX +0.2 points	1.8%	1.6%
Utilities	GPIX +0.1 points	2.0%	1.9%
Real Estate	Same weight	1.7%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in GPIX and XYLD, widest gap first
Country	More in GPIXMore in XYLD	GPIX	XYLD
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
United Kingdom	GPIX +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GPIX38.3%
XYLD37.5%

Securities held

GPIX482
XYLD504

Asset class

GPIX: Equity
XYLD: Equity

Holdings

Only in GPIX28
In both454
Only in XYLD50

Only in GPIX

28 securities, 6.0% of GPIX by weight

State Street Communication Services Select Sector3.50%
Linde PLC0.35%
Eaton Corp PLC0.24%
Accenture PLC0.23%
Chubb Limited0.23%
Medtronic Public Limited Company0.21%
Elevance Health Inc0.14%
Slb Ltd0.14%
Johnson Controls International Public Limited Comp0.13%
Royal Caribbean Group0.12%
Becton, Dickinson and Company0.10%
Nxp Semiconductors N.v.0.09%
Carnival Corporation0.06%
Vivmark Residential0.06%
Kenvue Inc.0.06%
Block, Inc.0.06%
Invesco Ltd.0.04%
Fiserv, Inc.0.04%
Aptiv PLC0.03%
Willis Towers Watson PLC0.03%
Crh Public Limited Company0.03%
Smurfit Westrock Public Limited Company0.03%
Everest Group Ltd0.03%
Lyondellbasell Industries N.v.0.02%
Norwegian Cruise Line Hldg Ltd0.02%
Pentair Plc.0.02%
Ball Corporation0.02%
Allegion Public Limited Company0.02%

Only in XYLD

50 securities, 3.5% of XYLD by weight

Goldman Sachs Group Inc0.40%
Linde PLC0.37%
Accenture Plc-Cl A0.25%
Eaton Corp PLC0.22%
Chubb Ltd0.20%
Medtronic PLC0.18%
Elevance Health Inc0.14%
Johnson Controls Internation0.14%
Comcast Corp-Class A0.13%
Slb Ltd0.12%
Royal Caribbean Cruises Ltd0.12%
Global X Us 500 Etf0.11%
Nxp Semiconductors NV0.10%
Applovin Corp-Class A0.10%
Crh PLC0.09%
Becton Dickinson and Co0.09%
Vivmark Residential0.07%
Block Inc0.06%
Carnival Corp Ltd0.05%
Willis Towers Watson PLC0.05%
Fiserv Inc0.04%
Smurfit Westrock PLC0.03%
Omnicom Group0.03%
Fidelity National Info Services0.03%
General Mills Inc0.03%
Everest Group Ltd0.03%
Lyondellbasell Indu-Cl A0.03%
Ball Corp0.03%
Allegion PLC0.02%
Weyerhaeuser Co0.02%
Jack Henry & Associates Inc0.02%
Tko Group Holdings Inc0.02%
Reddit Inc-Cl A0.02%
Echostar Corp-A0.02%
Lululemon Athletica Inc0.02%
Invesco Ltd0.02%
Charter Communications Inc-A0.02%
Other Payable & Receivables0.02%
News Corp - Class A0.02%
Clorox Company0.02%
Pentair PLC0.02%
Camden Property Trust0.02%
Udr Inc0.01%
Aptiv PLC0.01%
Erie Indemnity Company-Cl A0.01%
Norwegian Cruise Line Holdin0.01%
Wynn Resorts Ltd<0.01%
Mosaic Co/The<0.01%
News Corp - Class B<0.01%
Skydance Corp<0.01%

Weight gaps

The 100 widest of 454 Holdings in both funds.

Holding weights in GPIX and XYLD, widest gap first
Holding	More in GPIXMore in XYLD	GPIX	XYLD
Alphabet Inc.GOOG	XYLD +1.19 points	0.85%	2.04%
Meta Platforms Inc-Class AMETA	XYLD +0.78 points	1.31%	2.09%
Netflix, Inc.NFLX	XYLD +0.26 points	0.14%	0.40%
Walt Disney Company (The)DIS	XYLD +0.24 points	0.06%	0.30%
Verizon Communications Inc.VZ	XYLD +0.20 points	0.09%	0.29%
AT&T Inc.T	XYLD +0.17 points	0.06%	0.23%
Alphabet Inc.GOOGL	GPIX +0.15 points	2.68%	2.53%
The Home Depot, Inc.HD	XYLD +0.14 points	0.36%	0.50%
Lowes Companies IncLOW	XYLD +0.12 points	0.06%	0.18%
T-Mobile Us, Inc.TMUS	XYLD +0.11 points	<0.01%	0.11%
Duke Energy CorporationDUK	GPIX +0.09 points	0.24%	0.15%
Kimberly-Clark CorporationKMB	XYLD +0.09 points	0.01%	0.10%
Caterpillar Inc (Delaware)CAT	XYLD +0.08 points	0.36%	0.44%
The Southern Co.SO	GPIX +0.09 points	0.25%	0.16%
Bank of America CorpBAC	XYLD +0.07 points	0.43%	0.50%
Ptc Inc.PTC	GPIX +0.08 points	0.11%	0.03%
Pepsico, Inc.PEP	XYLD +0.07 points	0.22%	0.29%
American Electric Power IncAEP	GPIX +0.07 points	0.18%	0.11%
Morgan StanleyMS	GPIX +0.07 points	0.41%	0.34%
Exelon CorporationEXC	XYLD +0.06 points	<0.01%	0.07%
General Motors CompanyGM	GPIX +0.06 points	0.18%	0.12%
Roper Technologies IncROP	XYLD +0.06 points	0.01%	0.07%
The Procter & Gamble CompanyPG	GPIX +0.06 points	0.64%	0.58%
Nextera Energy, Inc.NEE	XYLD +0.06 points	0.21%	0.27%
Autodesk, Inc.ADSK	XYLD +0.05 points	0.03%	0.08%
Amazon.com IncAMZN	XYLD +0.05 points	3.58%	3.63%
Applied Materials IncAMAT	XYLD +0.06 points	0.42%	0.48%
Servicenow IncNOW	GPIX +0.05 points	0.22%	0.17%
Wec Energy Group, Inc.WEC	XYLD +0.05 points	<0.01%	0.06%
Williams-Sonoma, Inc.WSM	GPIX +0.05 points	0.10%	0.05%
Tesla Inc.TSLA	XYLD +0.05 points	1.68%	1.73%
Intuit IncINTU	XYLD +0.05 points	0.09%	0.14%
Take Two Interactive SoftwareTTWO	XYLD +0.04 points	<0.01%	0.05%
Apple Inc.AAPL	XYLD +0.04 points	7.70%	7.74%
Ebay Inc.EBAY	GPIX +0.05 points	0.12%	0.07%
Raymond James Financial, Inc.RJF	GPIX +0.05 points	0.09%	0.04%
Veeva Systems IncVEEV	GPIX +0.05 points	0.12%	0.07%
Tjx Companies Inc (New)TJX	GPIX +0.04 points	0.28%	0.24%
Ameriprise Financial, Inc.AMP	GPIX +0.04 points	0.11%	0.07%
Public-Svc Enterprise GroupPEG	GPIX +0.04 points	0.10%	0.06%
Martin Marietta Materials,incMLM	GPIX +0.05 points	0.09%	0.04%
Live Nation Entertainment IncLYV	XYLD +0.04 points	<0.01%	0.04%
Monster Beverage CorporationMNST	GPIX +0.05 points	0.15%	0.10%
Intercontinental Exchange IncICE	GPIX +0.04 points	0.19%	0.15%
Simon Property Group IncSPG	GPIX +0.04 points	0.15%	0.11%
Lam Research CorporationLRCX	XYLD +0.04 points	0.42%	0.46%
Vulcan Materials CoVMC	GPIX +0.04 points	0.10%	0.06%
Transdigm Group IncorporatedTDG	GPIX +0.04 points	0.14%	0.10%
Vici Properties Inc.VICI	XYLD +0.04 points	<0.01%	0.04%
Stryker CorporationSYK	XYLD +0.04 points	0.12%	0.16%
Illinois Tool WorksITW	GPIX +0.04 points	0.15%	0.11%
Nasdaq Inc.NDAQ	GPIX +0.04 points	0.11%	0.07%
Ppl CorporationPPL	XYLD +0.04 points	<0.01%	0.04%
BlackRock Funding, Inc.BLK	GPIX +0.04 points	0.29%	0.25%
American Water Works Co, Inc.AWK	XYLD +0.03 points	<0.01%	0.04%
Microsoft CorporationMSFT	XYLD +0.04 points	5.93%	5.97%
Keurig Dr Pepper IncKDP	GPIX +0.04 points	0.11%	0.07%
Booking Holdings Inc.BKNG	XYLD +0.03 points	0.14%	0.17%
Ross Stores IncROST	GPIX +0.04 points	0.15%	0.11%
Autozone, Inc.AZO	GPIX +0.03 points	0.11%	0.08%
Estee Lauder Cos Inc Cl-AEL	GPIX +0.03 points	0.07%	0.04%
Carrier Global CorporationCARR	GPIX +0.04 points	0.10%	0.06%
O'reilly Automotive, Inc.ORLY	GPIX +0.03 points	0.14%	0.11%
Aon Public Limited CompanyAON	XYLD +0.03 points	0.08%	0.11%
Airbnb Inc.ABNB	GPIX +0.03 points	0.14%	0.11%
Nike Class-BNKE	GPIX +0.03 points	0.10%	0.07%
Equifax Inc.EFX	XYLD +0.03 points	<0.01%	0.03%
Workday, Inc.WDAY	GPIX +0.03 points	0.09%	0.06%
Salesforce IncCRM	XYLD +0.03 points	0.26%	0.29%
M&T Bank CorporationMTB	XYLD +0.03 points	0.02%	0.05%
Emerson Electric Co.EMR	GPIX +0.03 points	0.17%	0.14%
Prologis IncPLD	GPIX +0.03 points	0.22%	0.19%
Otis Worldwide CorporationOTIS	XYLD +0.02 points	0.01%	0.04%
P G & E CorporationPCG	XYLD +0.02 points	0.02%	0.04%
General Electric CompanyGE	XYLD +0.02 points	0.46%	0.48%
Broadcom Inc.AVGO	XYLD +0.03 points	2.36%	2.39%
Godaddy Inc.GDDY	GPIX +0.03 points	0.05%	0.02%
JPMorgan Chase & CoJPM	GPIX +0.03 points	1.41%	1.38%
The Bank of Ny Mellon CorpBNY	GPIX +0.03 points	0.18%	0.15%
Paychex, Inc.PAYX	GPIX +0.03 points	0.08%	0.05%
U.s. BancorpUSB	GPIX +0.03 points	0.17%	0.14%
Sempra EnergySRE	GPIX +0.03 points	0.11%	0.08%
Cadence Design Systems IncCDNS	XYLD +0.03 points	0.11%	0.14%
Copart, Inc.CPRT	XYLD +0.03 points	0.01%	0.04%
Freeport-Mcmoran IncFCX	GPIX +0.02 points	0.16%	0.14%
Xylem Inc.XYL	XYLD +0.02 points	<0.01%	0.03%
Broadridge FinancialBR	XYLD +0.02 points	<0.01%	0.03%
Kroger CompanyKR	GPIX +0.02 points	0.08%	0.06%
Eog Resources IncEOG	XYLD +0.02 points	0.11%	0.13%
Synopsys Inc.SNPS	XYLD +0.02 points	0.12%	0.14%
Fortinet, Inc.FTNT	GPIX +0.02 points	0.15%	0.13%
Altria Group, Inc.MO	XYLD +0.02 points	0.18%	0.20%
Ameren CorporationAEE	XYLD +0.03 points	0.02%	0.05%
Palantir Technologies Inc.PLTR	XYLD +0.02 points	0.63%	0.65%
Eversource EnergyES	GPIX +0.02 points	0.06%	0.04%
Aes Corp.AES	GPIX +0.03 points	0.04%	0.01%
Truist Financial CorporationTFC	XYLD +0.02 points	0.07%	0.09%
Intl Business Machines CorpIBM	XYLD +0.02 points	0.35%	0.37%
Gen Digital IncGEN	XYLD +0.02 points	0.00%	0.02%
Church & Dwight Co., Inc.CHD	XYLD +0.02 points	0.02%	0.04%

All 486 GPIX holdings⁠All 504 XYLD 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 XYLD Cost

Overpaying XYLD vs GPIX

$5,865

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

GPIX 0.29%
$5,952
XYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

GPIX 0.29%
XYLD 0.60%
Overpaying

Year by year

Year	GPIX	XYLD	Overpaying
10	$527	$1,076	$549
20	$2,044	$4,116	$2,072
30	$5,952	$11,817	$5,865

Expense ratio

0.29%GPIX, cheaper
0.60%XYLD

GPIX0.29%XYLD0.60%

0.10%1.18%

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

GPIX 5th cheapest of 51 funds

XYLD 25th cheapest of 51 funds

GPIX vs XYLD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GPIX 9.13%; XYLD 10.36%, better
Payout (12M): GPIX $4.97; XYLD $4.24
Last payment: GPIX $0.39; XYLD $0.31
Ex-dividend: GPIX Nov 2, 2026; XYLD Oct 19, 2026
Paid on: GPIX Pays Nov 6, 2026; XYLD Oct 22, 2026
Frequency: GPIX Monthly; XYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIXMonthly · 36 paymentsAll GPIX payments⁠

XYLDMonthly · 46 paymentsAll XYLD payments⁠

GPIX vs XYLD 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%XYLD 6.1%, better
Return per unit of riskSharpe ratio, 3 years: GPIX 1.49XYLD 1.50, better
Worst fallMax drawdown, 5 years: GPIX −17.5%since Oct 2023XYLD −18.7%
Market sensitivityBeta, 5 years: GPIX 0.84XYLD 0.41; Market = 1

GPIX and XYLD 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 XYLD

In short

Stated mandate

Why people hold it

Worth knowing

How GPIX and XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in XYLD

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 XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GPIX

Only in XYLD

Weight gaps