Goldman Sachs S&P 500 Core Premium Income ETF
GPIX
Market cap $415M

50.33 USD

+0.32

0.64%

At close Jan 21, 4:00 PM EST

Pre-market

50.53

+0.20

0.40%

1 day

0.64%

5 days

2.55%

1 month

0.44%

3 months

1.78%

6 months

5.14%

Year to date

2.01%

1 year

12.85%

5 years

28.20%

10 years

28.20%

0

Funds holding %

of 6,823 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

520% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 5

200% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

32% more capital invested

Capital invested by funds: $107M [Q2] → $142M (+$34.6M) [Q3]

19% more funds holding

Funds holding: 43 [Q2] → 51 (+8) [Q3]

8.66% less ownership

Funds ownership: 71.69% [Q2] → 63.03% (-8.66%) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for GPIX.

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Financial journalist opinion

GPIX Vs. SPYI: How To Choose The Right Fund For You

GPIX and SPYI are S&P 500 covered call funds with target distribution rates, offering stable income but differing in strategy and risk. GPIX targets 8.5% distribution with notional value adjustment strategy that captures more upside in rising markets while SPYI's OTM calls targeting 12% payouts are potentially better during down markets. GPIX has outperformed SPYI in total returns, but SPYI's higher distribution rate compounds income faster, suiting income-focused investors.

GPIX Vs. SPYI: How To Choose The Right Fund For You

SPYI Vs. GPIX, The Differences Are Subtle, But Important

SPYI and GPIX both use covered call strategies, but GPIX has outperformed SPYI in a bull market due to its more aggressive options selling. SPYI's higher dividend rate comes from selling more at-the-money options, making it more suitable for sideways or bear markets. GPIX's strategy of selling out-of-the-money options allows for more price appreciation, making it ideal for bullish market conditions.

SPYI Vs. GPIX, The Differences Are Subtle, But Important

GPIX: Income Play On The S&P 500 That Can Outperform

Goldman Sachs S&P 500 Core Premium Income ETF offers a high 8% dividend yield, supported by a dynamic options strategy and diversified holdings in the S&P 500. The ETF's structure allows for capital appreciation while maintaining exposure to large-cap equities, reducing the risk of NAV decay. GPIX's dynamic options strategy adjusts to market conditions, potentially outperforming during sideways or downward markets by collecting higher option premiums.

GPIX: Income Play On The S&P 500 That Can Outperform

GPIX: A Superior S&P 500 Income Play

GPIX enhances yield by selling call options on S&P 500 positions, offering a 7.90% annualized distribution yield. The fund selectively writes covered calls, allowing for potential upside on the uncovered portion of the portfolio. While generating an 8% distribution yield, the fund retains significant exposure to the underlying stocks, allowing for potential capital appreciation.

GPIX: A Superior S&P 500 Income Play

Market Returns Should Be Lower Going Forward - Look To Premium Income ETFs

The Nasdaq 100's trailing ten year returns are unlikely to be repeated in the next ten years. Covered Call ETFs offer a strategy to generate better total returns in a more muted return environment. Middle caps stocks are not vulnerable to regulatory and tax risk that mega cap stocks are, have lower valuations, and could outperform.

Market Returns Should Be Lower Going Forward - Look To Premium Income ETFs

GPIX: Capturing More Upside Than Other Monthly S&P 500 Buy-Write Funds

GPIX outperforms other monthly S&P 500 covered call funds by up to 4%, maintaining an 8.5% distribution rate with superior total returns. The fund sells ATM-covered calls on 25%-75% of its portfolio, using SPY FLEX options for more stable performance and easier management. GPIX's strategy of adjusting notional values rather than moneyness captures more capital appreciation while maintaining a high yield.

GPIX: Capturing More Upside Than Other Monthly S&P 500 Buy-Write Funds

GPIX: Goldman Covered Call Fund Beating JEPI This Year

GPIX is a dynamic covered call ETF launched in 2023 as an alternative to JEPI, offering high dividend yields from equity markets. GPIX outperformed JEPI in 2024 with a dynamic overwrite strategy, utilizing FLEX options for better pricing and performance. The fund's 7.5% current yield is dependent on S&P 500 performance, with risk factors including NAV fluctuations in a down market.

GPIX: Goldman Covered Call Fund Beating JEPI This Year

GPIX ETF: How is Goldman Sachs' JEPI alternative fairing?

The Goldman Sachs S&P 500 Core Premium Income (GPIX) ETF is doing well in 2023 as it beats the popular JPMorgan Equity Premium ETF (JEPI). Its total return this year stands at 12% compared to JEPI's 6.24%.

GPIX ETF: How is Goldman Sachs' JEPI alternative fairing?

Advisors Want to Learn More About Covered Calls

Last week, VettaFi hosted an Alternatives Symposium. For two-and-a-half hours, more than 400 attendees listened as Lara Crigger and I spoke to experts on a range of topics.

GPIX: S&P 500 With Added Yield Late In The Cycle

Goldman Sachs has launched the Goldman Sachs S&P 500 Core Premium Income ETF to meet the demand for income-generating funds using options strategies.

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