Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
GPIX vs SPY
Goldman Sachs S&P 500 Premium Income ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, GPIX and SPY hold 90% of their money in the same securities at the same weight.
| Holding | GPIX | SPY |
|---|---|---|
| NVIDIA CORP | 7.33% | 7.52% |
| APPLE INC | 6.47% | 6.59% |
| MICROSOFT CORP | 3.90% | 4.30% |
| AMAZON.COM INC | 3.39% | 3.62% |
| ALPHABET INC | 4.37% | 3.25% |
| BROADCOM INC | 2.80% | 2.77% |
| MICRON TECHNOLOGY INC | 2.02% | 2.02% |
| TESLA INC | 1.89% | 1.84% |
| META PLATFORMS INC | 1.67% | 1.92% |
| ELI LILLY & COMPANY | 1.48% | 1.47% |
| ADVANCED MICRO DEVICES INC | 1.48% | 1.47% |
| ALPHABET INC | 1.46% | 2.59% |
| Only in GPIX | Only in SPY |
|---|---|
| LINDE PLC 0.40% | Goldman Sachs Group, Inc. (The) 0.46% |
| SEAGATE TECHNOLOGY HOLDINGS PLC 0.34% | Linde plc 0.37% |
| EATON CORP PLC 0.30% | Seagate Technology Holdings plc 0.34% |
| CHUBB LTD (SWITZERLAND) 0.19% | Eaton Corp. plc 0.26% |
| ACCENTURE PLC 0.16% | Chubb Ltd. 0.19% |
| MEDTRONIC PLC 0.16% | Trane Technologies plc 0.17% |
| ROYAL CARIBBEAN CRUISES LTD 0.15% | Medtronic plc 0.16% |
| TRANE TECHNOLOGIES PLC 0.15% | Johnson Controls International plc 0.14% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026.
| GPIX Goldman Sachs S&P 500 Premium Income ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | Goldman Sachs | State Street |
| What it is | covered call, vs SPY | S&P 500, book from IVV |
| Total return, 1 year | +19.5% | +20.0% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | −0.4 pts | +0.0 pts |
| Cash paid, 1 year | 8.9% | not an income fund |
| Expense ratio | not published | not published |
| Holdings | n/a | 504 |
GPIX in plain words
Over the year to Sep 4, 2026, GPIX paid 8.9% of its starting value in cash distributions while its price rose 9.8%. With every distribution reinvested, the fund returned +19.5%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was about even. At its price on Sep 4, 2026 the latest distribution annualises to 8.5%, paid monthly.
SPY in plain words
SPY is a index equity fund tracking S&P 500, book from IVV. Over the year to Sep 4, 2026 it returned +20.0% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, GPIX or SPY?
- In the year to Sep 4, 2026, with distributions reinvested, GPIX returned +19.5% and SPY returned +20.0%, so SPY returned more. One year is one year; the longer windows are in the table.
- Are GPIX and SPY the same kind of fund?
- No. GPIX is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GPIX against SPY, data as of Sep 4, 2026. https://etfiq.com/compare/any/GPIX-SPY.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources