Data as of Nov 4, 2026.
GPIX vs IVVW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, IVVW paid 17.5% of its price in cash against GPIX’s 8.8%, though GPIX returned more with it reinvested.
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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs S&P 500 Premium Income ETF, and $349m on Nov 4, 2026 for iShares IVV Premium Income+ ETF.
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. Total return, distributions reinvested. GPIX over 1 year: paid 8.8%, price +6.2%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with SPY
IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
IVVW
+14.8%
17.5% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
IVVW
+14.8%
17.5% as cash
about even with SPY
17.5% of it arrived as cash. Both charts share one scale, with zero at the line. IVVW over 1 year: paid 17.5%, price −4.1%, total +14.8%, SPY +14.8%, 0.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
IVVW costs 0.04 points a year less; their one-year returns differ by 0.8 points; GPIX is 18.6 times larger.
Points (pts) are percentage points.
| Measure | GPIX | IVVW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.6% | +14.8% |
| Price change, 1 year | rose 6.2% | fell 4.1% |
| Return of capital, issuer estimate | 49% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.29% | 0.25% |
| Net assets, as of Nov 3, 2026 | $6.4bn | $344m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Mar 22, 2024 to Oct 30, 2026 · 136 weekly returns · each against SPYFrom Mar 2024 to Oct 2026, GPIX returned more: +46.7% to +37.2%. IVVW swung less: 10.0% to 12.7%. IVVW fell slightly less at its worst: −15.0% to −15.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GPIX | IVVW | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +46.7% | +37.2% | GPIX | Price change plus distributions, reinvested. | |
| Annualized | +15.8% | +12.9% | GPIX | Total return as a yearly rate. | |
| Price return | +17.7% | −11.7% | GPIX | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 12.7% | 10.0% | IVVW | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.5% | 7.1% | IVVW | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −15.7% | −15.0% | IVVW (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 81.5% | 51.5% | 100.0% | GPIX | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 87.2% | 62.0% | 100.0% | IVVW | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.87 | 0.63 | 1.00 | IVVW lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.82 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.88 | 0.83 | GPIX (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.31 | 1.16 | GPIX | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.128 | 0.133 | 0.121 | IVVW (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.00 | 0.86 | GPIX | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | +0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.79 | 0.28 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.0% to +2.2% | −4.5% to +6.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.40 | −0.55 | GPIX | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.2% | 6.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GPIX and IVVW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GPIX | IVVW | GPIX | IVVW | GPIX | IVVW |
| 3 months | +0.9% | +2.0% | 2.1% | 3.9% | +1.0 pts | +2.2 pts |
| 6 months | +6.0% | +8.0% | 4.3% | 7.8% | +1.0 pts | +3.0 pts |
| 1 year | +15.6% | +14.8% | 8.8% | 17.5% | +0.9 pts | 0.0 pts |
| 3 years | +73.9% | – | 31.0% | – | −9.0 pts | – |
| Since launchNot the same days: GPIX Oct 2023 · IVVW Mar 2024 | +82.5% | +40.5% | 32.5% | 42.6% | −10.2 pts | −14.4 pts |
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No client brief for this pair: the two funds' holdings are dated 126 days apart.
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.
IVVW
Over the year to Nov 4, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.1%. With every distribution reinvested, the fund returned +14.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. iShares estimates that 49% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
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.
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ETFIQ, GPIX against IVVW, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-ivvw
ETFIQ. (Nov 4, 2026). GPIX against IVVW. Retrieved from https://etfiq.com/compare/income/gpix-vs-ivvw
[GPIX against IVVW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpix-vs-ivvw)
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