GPIX vs XYLG: Grades, Fees and Holdings Compared

Goldman Sachs S&P 500 Premium Income ETF

GPIXANasdaq

Global X S&P 500 Covered Call & Growth ETF

XYLGANYSE Arca

Overlap

90.9%by weight

Expense ratio

GPIX −0.06pt a year

GPIX0.29%XYLG0.35%

Avg volume · 30D

GPIX 53.4×the volume

GPIX1.17MXYLG21.9K

3Y return · a year

GPIX +2.1pt

GPIX+19.8%XYLG+17.7%

GPIX vs XYLG Performance

Nov 7, 2025 – Nov 9, 2026

+14.2%GPIX+14.2%XYLG

Expense ratio: GPIX 0.29%, better; XYLG 0.35%
Fund size: GPIX $6.33B; XYLG $71M
1Y total return: GPIX +14.2%; XYLG +14.2%
Yield (12M): GPIX 8.43%; XYLG 12.72%, better
Holdings: GPIX 494; XYLG 505
Avg volume (30D): GPIX 1.17M sh, better; XYLG 21.9K sh
NAV per share: GPIX $53.34; XYLG $28.49
52W range

ETF.net Grade

Pillar letters and Scores for GPIX, XYLG, with each pillar’s weight
Pillar	GPIX	XYLG
Cost30% weight	A89Higher	A79
Mission25% weight	A100	A100
Risk15% weight	C47	B58Higher
Tradability15% weight	B59Higher	D31
Holdings10% weight	A74	A75Higher
Durability5% weight	A78Higher	B56

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. GPIX and XYLG 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 XYLG 10th 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 10ASPYINeos S&P 500(R) High Income ETFScore 72
Rank 10AXYLGGlobal X S&P 500 Covered Call & Growth ETFScore 72
Rank 13APAPIParametric Equity Premium Income ETFScore 71

Our read on each fund

ETF.net Research

GPIXAGoldman Sachs S&P 500 Premium Income ETF

XYLGAGlobal X S&P 500 Covered Call & Growth 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.

XYLG The covered call trade at half strength. XYLG holds the S&P 500 and writes calls on only about half the portfolio, so half the index's upside stays uncapped while the other half funds monthly income.

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.

XYLG The fund seeks to track the price and yield performance of the Cboe S&P 500 Half BuyWrite Index before fees and expenses. It buys S&P 500 stocks and sells corresponding call options on about half of the portfolio, combining option income with partial upside exposure.

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.

XYLG Half-covered by design: calls cover roughly 50% of the book, leaving the rest of the S&P 500's climb uncapped. A middle setting between plain index exposure and a full buy-write.cboe.com
0.35% a year, below the 0.60% median for S&P 500 option-income funds and half the fee of Global X's fully covered sibling XYLD.
Owns about 500 stocks, tracks the Cboe S&P 500 Half BuyWrite Index closely, and pays monthly. One of the stronger builds in a crowded S&P 500 income cohort.

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.

XYLG Option income rides on volatility. Premiums (and the monthly payouts they fund) shrink when markets go quiet.cboe.com
Half the portfolio is still capped. In a fast rally the written calls hand back part of that gain, and the premium is the only cushion on the way down.cboe.com
Smaller and thinner-traded than the headline names in its group, so limit orders earn their keep.

Full GPIX profile⁠

Full XYLG profile⁠

GPIX vs XYLG Holdings

How GPIX and XYLG differ

Overlap by weight

90.9%

Shared holdings make up 97.4% of GPIX and 97.0% of XYLG.

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

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

Level by level

Holdings468 in both90.9%
Sector11 Sectors97.5%
Asset classStocks100%
Countryby domicile99.95%

Sector

Sector weights in GPIX and XYLG, widest gap first
Sector	Gap	GPIX	XYLG
Technology	XYLG +1.7 points	36.5%	38.2%
Consumer Discretionary	GPIX +0.8 points	10.0%	9.2%
Financials	GPIX +0.7 points	12.7%	12.0%
Health Care	GPIX +0.4 points	10.6%	10.2%
Energy	XYLG +0.4 points	3.5%	3.9%
Communication	XYLG +0.3 points	8.1%	8.4%
Consumer Staples	GPIX +0.2 points	5.1%	4.9%
Materials	GPIX +0.1 points	1.7%	1.6%
Real Estate	GPIX +0.1 points	1.9%	1.8%
Industrials	XYLG +0.1 points	7.5%	7.6%
Utilities	GPIX +0.1 points	2.2%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in GPIX and XYLG, widest gap first
Country	Gap	GPIX	XYLG
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	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GPIX38.0%
XYLG37.6%

Securities held

GPIX493
XYLG504

Asset class

GPIX: Stocks
XYLG: Stocks

Holdings

Only in GPIX25
In both468
Only in XYLG36

Only in GPIX

25 securities, 2.7% of GPIX by weight

Linde PLC0.36%
Accenture PLC0.25%
Chubb Limited0.24%
Medtronic Public Limited Company0.22%
Eaton Corp PLC0.21%
Nxp Semiconductors N.v.0.15%
Elevance Health Inc0.15%
Royal Caribbean Group0.15%
Johnson Controls International Public Limited Comp0.12%
Slb Ltd0.11%
Block, Inc.0.11%
Carnival Corporation0.09%
Crh Public Limited Company0.08%
Vivmark Residential0.07%
Fiserv, Inc.0.07%
Invesco Ltd.0.07%
Willis Towers Watson PLC0.03%
Norwegian Cruise Line Hldg Ltd0.03%
Smurfit Westrock Public Limited Company0.03%
Aptiv PLC0.03%
Everest Group Ltd0.03%
Pentair Plc.0.02%
Lyondellbasell Industries N.v.0.02%
Ball Corporation0.02%
Allegion Public Limited Company0.02%

Only in XYLG

36 securities, 3.0% of XYLG by weight

Goldman Sachs Group Inc0.39%
Linde PLC0.37%
Accenture Plc-Cl A0.25%
Eaton Corp PLC0.21%
Chubb Ltd0.20%
Medtronic PLC0.20%
Elevance Health Inc0.14%
Johnson Controls Internation0.13%
Royal Caribbean Cruises Ltd0.12%
Slb Ltd0.11%
Crh PLC0.10%
Nxp Semiconductors NV0.10%
Block Inc0.08%
Vivmark Residential0.08%
Carnival Corp Ltd0.06%
Fiserv Inc0.05%
Willis Towers Watson PLC0.04%
Other Payable & Receivables0.04%
Smurfit Westrock PLC0.04%
Ball Corp0.03%
Lyondellbasell Indu-Cl A0.03%
Everest Group Ltd0.03%
Fidelity National Info Services0.02%
Mid-America Apartment Comm0.02%
Allegion PLC0.02%
Pentair PLC0.02%
Invesco Ltd0.02%
Jack Henry & Associates Inc0.02%
News Corp - Class A0.02%
Lennox International Inc0.02%
Aptiv PLC0.02%
Norwegian Cruise Line Holdin0.01%
Camden Property Trust0.01%
Erie Indemnity Company-Cl A0.01%
Wynn Resorts Ltd0.01%
Skydance Corp<0.01%

Weight gaps

The 100 widest of 468 Holdings in both funds.

Holding weights in GPIX and XYLG, widest gap first
Holding	Gap	GPIX	XYLG
Alphabet Inc.GOOG	XYLG +1.25 points	0.87%	2.12%
Alphabet Inc.GOOGL	GPIX +0.90 points	3.53%	2.63%
Netflix, Inc.NFLX	XYLG +0.26 points	0.16%	0.42%
Bank of America CorpBAC	XYLG +0.22 points	0.29%	0.51%
Broadcom Inc.AVGO	XYLG +0.20 points	2.00%	2.20%
Oracle CorporationORCL	XYLG +0.20 points	0.16%	0.36%
Walt Disney Company (The)DIS	GPIX +0.19 points	0.51%	0.32%
Caterpillar Inc (Delaware)CAT	XYLG +0.14 points	0.26%	0.40%
Intel CorporationINTC	XYLG +0.14 points	0.30%	0.44%
Lam Research CorporationLRCX	XYLG +0.14 points	0.26%	0.40%
Cisco Systems, Inc.CSCO	XYLG +0.13 points	0.46%	0.59%
Marvell Technology, Inc.MRVL	XYLG +0.13 points	0.06%	0.19%
Applied Materials IncAMAT	XYLG +0.13 points	0.29%	0.42%
Applovin CorporationAPP	XYLG +0.12 points	0.04%	0.16%
Uber Technologies, Inc.UBER	XYLG +0.12 points	0.10%	0.22%
Charles Schwab CorporationSCHW	XYLG +0.10 points	0.13%	0.23%
T-Mobile Us, Inc.TMUS	XYLG +0.10 points	0.02%	0.12%
Duke Energy CorporationDUK	GPIX +0.08 points	0.24%	0.16%
Mc Donalds CorpMCD	XYLG +0.08 points	0.23%	0.31%
Meta Platforms Inc-Class AMETA	GPIX +0.09 points	2.21%	2.12%
The Southern Co.SO	GPIX +0.08 points	0.25%	0.17%
Analog Devices Inc.ADI	GPIX +0.08 points	0.36%	0.28%
BlackRock Funding, Inc.BLK	GPIX +0.08 points	0.36%	0.28%
Monolithic Power Systems, Inc.MPWR	GPIX +0.08 points	0.16%	0.08%
Ptc Inc.PTC	GPIX +0.08 points	0.11%	0.03%
Qnity Electronics, Inc.Q	GPIX +0.07 points	0.11%	0.04%
Exelon CorporationEXC	XYLG +0.07 points	<0.01%	0.08%
Lowes Companies IncLOW	XYLG +0.06 points	0.14%	0.20%
Citigroup Inc.C	GPIX +0.07 points	0.38%	0.31%
American Electric Power IncAEP	GPIX +0.06 points	0.17%	0.11%
Texas Instruments Inc.TXN	GPIX +0.06 points	0.46%	0.40%
Trane Technologies Public Limited CompanyTT	XYLG +0.06 points	0.08%	0.14%
Interactive Brokers Group, Inc.IBKR	GPIX +0.07 points	0.12%	0.05%
Ferguson Enterprises IncFERG	XYLG +0.06 points	0.01%	0.07%
Keysight Technologies, Inc.KEYS	GPIX +0.06 points	0.14%	0.08%
Bloom Energy CorpBE	XYLG +0.06 points	0.02%	0.08%
Arista Networks, Inc.ANET	GPIX +0.06 points	0.34%	0.28%
Teradyne IncTER	GPIX +0.06 points	0.11%	0.05%
Seagate Technology Holdin PLCSTX	XYLG +0.05 points	0.11%	0.16%
Ameriprise Financial, Inc.AMP	GPIX +0.06 points	0.12%	0.06%
Coherent CorpCOHR	XYLG +0.06 points	<0.01%	0.06%
Wec Energy Group, Inc.WEC	XYLG +0.05 points	<0.01%	0.06%
General Motors CompanyGM	GPIX +0.05 points	0.17%	0.12%
The Procter & Gamble CompanyPG	GPIX +0.05 points	0.65%	0.60%
Take Two Interactive SoftwareTTWO	XYLG +0.05 points	0.01%	0.06%
Kla CorpKLAC	GPIX +0.05 points	0.34%	0.29%
Capital One Financial CorpCOF	GPIX +0.05 points	0.25%	0.20%
Jabil IncJBL	GPIX +0.05 points	0.08%	0.03%
Comfort Systems Usa IncFIX	GPIX +0.05 points	0.10%	0.05%
Transdigm Group IncorporatedTDG	GPIX +0.05 points	0.14%	0.09%
Blackstone Group Inc/TheBX	GPIX +0.05 points	0.19%	0.14%
Microchip Technology IncorporatedMCHP	GPIX +0.05 points	0.10%	0.05%
Raymond James Financial, Inc.RJF	GPIX +0.05 points	0.09%	0.04%
Paccar IncPCAR	XYLG +0.05 points	0.03%	0.08%
Williams-Sonoma, Inc.WSM	GPIX +0.05 points	0.10%	0.05%
Advanced Micro Devices Inc.AMD	GPIX +0.05 points	1.20%	1.15%
Kkr & Co. Inc.KKR	GPIX +0.04 points	0.15%	0.11%
Ares Management CorporationARES	GPIX +0.04 points	0.09%	0.04%
Coinbase Global, Inc.COIN	XYLG +0.04 points	<0.01%	0.05%
The Home Depot, Inc.HD	XYLG +0.04 points	0.49%	0.53%
Veeva Systems IncVEEV	GPIX +0.04 points	0.11%	0.07%
Ebay Inc.EBAY	GPIX +0.04 points	0.12%	0.08%
Autozone, Inc.AZO	GPIX +0.05 points	0.12%	0.07%
Illinois Tool WorksITW	GPIX +0.04 points	0.15%	0.11%
Illumina, IncILMN	XYLG +0.04 points	0.01%	0.05%
Martin Marietta Materials,incMLM	GPIX +0.04 points	0.08%	0.04%
Kimberly-Clark CorporationKMB	XYLG +0.05 points	0.06%	0.11%
Newmont CorpNEM	GPIX +0.04 points	0.24%	0.20%
Airbnb Inc.ABNB	GPIX +0.04 points	0.16%	0.12%
Cummins IncCMI	GPIX +0.04 points	0.14%	0.10%
Monster Beverage CorporationMNST	GPIX +0.04 points	0.14%	0.10%
Ppl CorporationPPL	XYLG +0.04 points	<0.01%	0.04%
Comcast CorporationCMCSA	GPIX +0.04 points	0.18%	0.14%
Freeport-Mcmoran IncFCX	GPIX +0.04 points	0.17%	0.13%
Intercontinental Exchange IncICE	GPIX +0.04 points	0.19%	0.15%
State Street Corporation (New)STT	GPIX +0.04 points	0.11%	0.07%
American Express Co.AXP	GPIX +0.04 points	0.30%	0.26%
Public-Svc Enterprise GroupPEG	GPIX +0.04 points	0.10%	0.06%
Flex Ltd.FLEX	XYLG +0.04 points	<0.01%	0.04%
NVIDIA CorporationNVDA	GPIX +0.04 points	7.15%	7.11%
Tjx Companies Inc (New)TJX	GPIX +0.03 points	0.27%	0.24%
On Semiconductor CorporationON	GPIX +0.04 points	0.07%	0.04%
Apple Inc.AAPL	XYLG +0.04 points	7.83%	7.87%
Nextera Energy, Inc.NEE	XYLG +0.04 points	0.25%	0.29%
American Water Works Co, Inc.AWK	XYLG +0.03 points	<0.01%	0.04%
Robinhood Markets, Inc.HOOD	GPIX +0.04 points	0.14%	0.10%
Pepsico, Inc.PEP	XYLG +0.04 points	0.27%	0.31%
Ciena CorporationCIEN	GPIX +0.04 points	0.09%	0.05%
Verizon Communications Inc.VZ	GPIX +0.03 points	0.33%	0.30%
Microsoft CorporationMSFT	GPIX +0.04 points	6.24%	6.20%
Amphenol Corp Cl-A (New)APH	GPIX +0.03 points	0.32%	0.29%
First Solar, Inc.FSLR	GPIX +0.03 points	0.06%	0.03%
Ge Vernova LlcGEV	GPIX +0.03 points	0.35%	0.32%
Live Nation Entertainment IncLYV	XYLG +0.04 points	0.01%	0.05%
Vulcan Materials CoVMC	GPIX +0.04 points	0.10%	0.06%
Ross Stores IncROST	XYLG +0.03 points	0.08%	0.11%
Skyworks Solutions, Inc.SWKS	GPIX +0.03 points	0.05%	0.02%
Qualcomm IncQCOM	GPIX +0.03 points	0.31%	0.28%
J B Hunt Trans Svcs IncJBHT	GPIX +0.04 points	0.06%	0.02%
Workday, Inc.WDAY	GPIX +0.03 points	0.09%	0.06%

All 497 GPIX holdings⁠All 504 XYLG 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 XYLG Cost

Overpaying XYLG vs GPIX

$1,174

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

GPIX 0.29%
$5,952
XYLG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

GPIX 0.29%
XYLG 0.35%
Overpaying

Year by year

Year	GPIX	XYLG	Overpaying
10	$527	$634	$107
20	$2,044	$2,454	$410
30	$5,952	$7,126	$1,174

Expense ratio

0.29%GPIX, cheaper
0.35%XYLG

GPIX0.29%XYLG0.35%

0.10%1.18%

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

GPIX 5th cheapest of 51 funds

XYLG 11th cheapest of 51 funds

GPIX vs XYLG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GPIX 8.43%; XYLG 12.72%, better
Payout (12M): GPIX $4.60; XYLG $3.71
Last payment: GPIX $0.39; XYLG $0.11
Ex-dividend: GPIX Nov 2, 2026; XYLG Oct 19, 2026
Paid on: GPIX Nov 6, 2026; XYLG Oct 22, 2026
Frequency: GPIX Monthly; XYLG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GPIXMonthly · 36 paymentsAll GPIX payments⁠

XYLGMonthly · 47 paymentsAll XYLG payments⁠

GPIX vs XYLG 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%XYLG 8.8%, better
Return per unit of riskSharpe ratio, 3 years: GPIX 1.49XYLG 1.53, better
Worst fallMax drawdown, 5 years: GPIX −17.5%since Oct 2023XYLG −21.3%
Market sensitivityBeta, 5 years: GPIX 0.84XYLG 0.71; Market = 1

GPIX and XYLG 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

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