Which paid more, FGSI or GPIX?

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting price in cash and GPIX paid 8.8%, so GPIX paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FGSI or GPIX?

With every distribution reinvested, FGSI returned +9.0% and GPIX +15.6% over the year to Nov 4, 2026.

Which is cheaper, FGSI or GPIX?

FGSI charges 0.85% a year and GPIX charges 0.29%, so GPIX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FGSI vs GPIX: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, GPIX paid 8.8% of its price in cash against FGSI’s 8.3%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $2.0m for FT Vest Growth Strength & Target Income ETF and $6.4bn for Goldman Sachs S&P 500 Premium Income ETF.

FGSI on its own →GPIX on its own →

At a glance

8.3%

FGSI cash paid, 1 year

8.8%

GPIX cash paid, 1 year

+9.0%

FGSI total return, 1 year

+15.6%

GPIX total return, 1 year

FGSI · 1 year to Nov 4, 2026 About even with FTGS

FGSI

+9.0%

FTGS

+8.8%

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% of it arrived as cash

about even with FTGS

Total return, distributions reinvested

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% cash

about even with FTGS

8.3% of it arrived as cash. Total return, distributions reinvested. FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

GPIX · 1 year to Nov 4, 2026 0.8 pts ahead of SPY

GPIX

+15.6%

SPY

+14.8%

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% of it arrived as cash

0.8 pts ahead of SPY

Total return, distributions reinvested

0.8 pts ahead of SPY

GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

GPIX

+15.6%

8.8% cash

0.8 pts ahead of SPY

8.8% of it arrived as cash. Both charts share one scale, 0 to +15.6%. GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +15.6%. Data to Nov 4, 2026.

Pair scorecard

GPIX costs 0.56 points a year less; their one-year returns differ by 6.6 points; GPIX is far larger, $6.4bn against $2.0m.

Points (pts) are percentage points.

FGSI vs GPIX: Dividend Yield & Total Return
Measure	FGSI	GPIX
Paid and earned
Measure	FGSI	GPIX
Total return, 1 year	+9.0%	+15.6%
Price change, 1 year	rose 0.2%	rose 6.2%
Against its benchmark
Measure	FGSI	GPIX
Benchmark	First Trust Growth Strength ETF, measured through FTGS	S&P 500, measured through SPY
Cost and size
Measure	FGSI	GPIX
Expense ratio	0.85%	0.29%
Net assets, as of Nov 3, 2026	$2.0m	$6.4bn
Holdings
Measure	FGSI	GPIX
Holdings in common	14%

ETFIQ Distribution Coverage Score · GPIX scores higher How much of what it paid out did its total return cover?

IQ Income Score63.2FGSI82.9GPIX

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

FGSI 63.2

GPIX 82.9

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Jul 3, 2025 to Oct 30, 2026 · 69 weekly returns

FGSI GPIX

Return

Total return edge GPIX +8.4% +22.9%

Annualized edge GPIX +6.3% +16.8%

Price return edge GPIX −3.0% +10.5%

Risk

Volatility edge GPIX 11.4% 9.6%

Max drawdown edge GPIX −8.1% −7.0%

Downside capture 91.8% 86.9%

Beta 0.91 0.87

Risk-adjusted

Sharpe edge GPIX 0.25 1.26

Sortino edge GPIX 0.39 2.14

Treynor 0.031 0.165

Calmar edge GPIX 0.78 2.41

Against the benchmark

Alpha +0.1% a year +0.3% a year

Alpha t-stat 0.12 0.33

Information ratio −0.10 −0.84

Tracking error 1.6% 2.2%

Each against its own benchmark: FGSI against FTGS, Jul 3, 2025 to Oct 30, 2026; GPIX against SPY, Nov 3, 2023 to Oct 30, 2026.

Reading

From Jul 2025 to Oct 2026, GPIX returned more: +22.9% to +8.4%. GPIX swung less: 9.6% to 11.4%. GPIX fell less at its worst: −7.0% to −8.1%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: FGSI vs GPIX: Dividend Yield & Total Return
Measure	FGSI	GPIX	Edge	How it is measured
Return
Total return	+8.4%	+22.9%	GPIX	Price change plus distributions, reinvested.
Annualized	+6.3%	+16.8%	GPIX	Total return as a yearly rate.
Price return	−3.0%	+10.5%	GPIX	Price change alone, distributions left out.
Risk
Volatility	11.4%	9.6%	GPIX	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.4%	5.7%	GPIX	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−8.1%	−7.0%	GPIX	Deepest fall from a high to the low after it.
Upside capture	86.8%	80.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	91.8%	86.9%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.91	0.87	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.99	0.99	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.25	1.26	GPIX	Return above Treasury bills per unit of volatility.
Sortino	0.39	2.14	GPIX	Return above Treasury bills per unit of downside deviation.
Treynor	0.031	0.165		Return above Treasury bills per unit of beta.
Calmar	0.78	2.41	GPIX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	FTGS	SPY		The ETF each fund is measured against.
Alpha	+0.1% a year	+0.3% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.12	0.33	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−1.9% to +2.1%	−1.3% to +1.8%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.10	−0.84		Return against its benchmark per unit of tracking error.
Tracking error	1.6%	2.2%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 69 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, FGSI and GPIX hold 14% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first FGSI GPIX

Broadcom Inc. 2.02% 2.79%

NVIDIA Corporation 1.93% 7.31%

Meta Platforms, Inc. (Class A) 1.73% 1.67%

Eli Lilly and Company 2.25% 1.48%

Mastercard Incorporated 2.10% 0.73%

Marvell Technology, Inc. 1.51% 0.40%

Amphenol Corporation 2.11% 0.36%

Seagate Technology Holdings Plc 1.90% 0.34%

Corning Incorporated 1.90% 0.31%

Arista Networks, Inc. 1.91% 0.30%

Uber Technologies, Inc. 1.89% 0.26%

Applovin Corp. (Class A) 1.83% 0.25%

Only in one fund ↓

Only in FGSI

United Therapeutics Corporation 2.25%

Five Below, Inc. 2.12%

2026-11-06 S&P 500® Mini Index C 758 -0.12%

Only in GPIX

APPLE INC 6.45%

ALPHABET INC 4.35%

MICROSOFT CORP 3.89%

AMAZON.COM INC 3.38%

MICRON TECHNOLOGY INC 2.02%

TESLA INC 1.88%

BERKSHIRE HATHAWAY INC 1.50%

ADVANCED MICRO DEVICES INC 1.48%

Check overlap with more funds →

Side by side

FGSI FT Vest Growth Strength & Target Income ETF · Writes calls on the S&P 500, measured against The Growth Strength Index, paying monthly GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly

Issuer First Trust Goldman Sachs

Strategy option income covered call

Benchmark First Trust Growth Strength ETF (FTGS) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.3% 8.4%

Expense ratio 0.85% 0.29%

Cash paid, 1 year 8.3% 8.8%

Price change, 1 year +0.2% +6.2%

Total return, 1 year +9.0% +15.6%

Benchmark return, 1 year +8.8% +14.8%

Ahead or behind +0.2 pts +0.8 pts

Return of capital, latest estimate 53% not published

Age 1.4 years 3.0 years

Net assets, as of Nov 3, 2026 $2.0m $6.4bn

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FGSI vs GPIX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FGSI	GPIX	FGSI	GPIX	FGSI	GPIX
3 months	−2.2%	+0.9%	2.0%	2.1%	+0.6 pts	+1.0 pts
6 months	+6.3%	+6.0%	4.3%	4.3%	+0.2 pts	+1.0 pts
1 year	+9.0%	+15.6%	8.3%	8.8%	+0.2 pts	+0.9 pts
3 years	–	+73.9%	–	31.0%	–	−9.0 pts
Since launchNot the same days: FGSI Jun 2025 · GPIX Oct 2023	+13.6%	+82.5%	11.3%	32.5%	−0.7 pts	−10.2 pts

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Client brief

No client brief for this pair: the two funds' holdings are dated 126 days apart.

Alert

About each fund

FGSI

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +9.0%. First Trust Growth Strength ETF (FTGS) returned +8.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 53% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

GPIX

Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +15.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.4%, paid monthly.

Questions people ask

Which paid more, FGSI or GPIX?: Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting price in cash and GPIX paid 8.8%, so GPIX paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FGSI or GPIX?: With every distribution reinvested, FGSI returned +9.0% and GPIX +15.6% over the year to Nov 4, 2026.
Which is cheaper, FGSI or GPIX?: FGSI charges 0.85% a year and GPIX charges 0.29%, so GPIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

FGSI vs FTHI FGSI vs JULH FGSI vs SPUT FGSI vs OCTH GPIX vs TPAY GPIX vs ODTE GPIX vs KIQQ GPIX vs XVSP

Where to next

First Trust Growth Strength ETF (FTGS) →S&P 500 (SPY) →FGSI on its own →GPIX on its own →FGSI dividend history →FGSI holdings →GPIX dividend history →GPIX holdings →Method →Standards and sources →

Sources and dates

FGSI filings on SEC EDGAR ↗

FGSI prospectus with the expense ratio (SEC) ↗

FGSI 19a-1 distribution notice ↗

First Trust page for FGSI ↗

GPIX filings on SEC EDGAR ↗

GPIX prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FGSI against GPIX, data as of Nov 4, 2026. https://etfiq.com/compare/income/fgsi-vs-gpix

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