Which paid more, GPIX or JEPI?

Over the year to Oct 27, 2026, GPIX paid 8.6% of its starting price in cash and JEPI paid 7.9%, 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, GPIX or JEPI?

With every distribution reinvested, GPIX returned +14.7% and JEPI +7.6% over the year to Oct 27, 2026.

Which is cheaper, GPIX or JEPI?

GPIX charges 0.29% a year and JEPI charges 0.35%, so GPIX is cheaper. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Income ETFs

GPIX vs JEPI: Dividend Yield & Total Return

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Over the year to Oct 27, 2026, GPIX paid 8.6% of its price in cash against JEPI’s 7.9%, and returned more with it reinvested.

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Net assets on Oct 26, 2026: $6.4bn for Goldman Sachs S&P 500 Premium Income ETF and $45.8bn for JPMorgan Equity Premium Income ETF.

GPIX on its own →JEPI on its own →

At a glance

8.6%

GPIX cash paid, 1 year

7.9%

JEPI cash paid, 1 year

+14.7%

GPIX total return, 1 year

+7.6%

JEPI total return, 1 year

GPIX · 1 year to Oct 27, 2026 1.2 pts ahead of SPY

GPIX

+14.7%

SPY

+13.5%

1.2 pts ahead of SPY

GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.5%, +1.2 pts. Data to Oct 27, 2026.

SPY

+13.5%

GPIX

+14.7%

8.6% of it arrived as cash

1.2 pts ahead of SPY

Total return, distributions reinvested

1.2 pts ahead of SPY

GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.5%, +1.2 pts. Data to Oct 27, 2026.

SPY

+13.5%

GPIX

+14.7%

8.6% cash

1.2 pts ahead of SPY

8.6% of it arrived as cash. Total return, distributions reinvested. GPIX over 1 year: paid 8.6%, price +5.3%, total +14.7%, SPY +13.5%, +1.2 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

JEPI · 1 year to Oct 27, 2026 5.9 pts behind SPY

JEPI

+7.6%

SPY

+13.5%

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

7.9% of it arrived as cash

5.9 pts behind SPY

Total return, distributions reinvested

5.9 pts behind SPY

JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

SPY

+13.5%

JEPI

+7.6%

7.9% cash

5.9 pts behind SPY

7.9% of it arrived as cash. Both charts share one scale, with zero at the line. JEPI over 1 year: paid 7.9%, price −0.6%, total +7.6%, SPY +13.5%, −5.9 pts. Data to Oct 27, 2026.

Data to Oct 27, 2026.

Pair scorecard

GPIX costs 0.06 points a year less; their one-year returns differ by 7.1 points; JEPI is 7.2 times larger.

Points (pts) are percentage points.

GPIX vs JEPI: Dividend Yield & Total Return
Measure	GPIX	JEPI
Paid and earned
Measure	GPIX	JEPI
Total return, 1 year	+14.7%	+7.6%
Price change, 1 year	rose 5.3%	fell 0.6%
Against its benchmark
Measure	GPIX	JEPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	GPIX	JEPI
Expense ratio	0.29%	0.35%
Net assets, as of Oct 26, 2026	$6.4bn	$45.8bn
Holdings
Measure	GPIX	JEPI
Holdings in common	38%

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

IQ Income Score84.5GPIX58.2JEPI

How much of its payouts the fund's total return covered, ranked against 165 income ETFs not writing on a single company. 100 is best. How it is computed

GPIX 84.5

JEPI 58.2

0.3, the lowest in this set 99.7, the highest

A percentile among the 165 income ETFs not writing on a single company. 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 →

Holdings in common uses holdings dated Jun 30, 2026 and Oct 26, 2026. Method

Risk and return

Nov 3, 2023 to Oct 23, 2026 · 155 weekly returns · each against SPY

GPIX JEPI

Return

Total return edge GPIX +72.5% +33.6%

Annualized edge GPIX +20.1% +10.2%

Price return edge GPIX +34.5% +6.1%

Risk

Volatility edge JEPI 12.1% 8.7%

Max drawdown edge JEPI −15.7% −11.5%

Downside capture 86.9% 55.9%

Beta 0.87 0.51

Risk-adjusted

Sharpe edge GPIX 1.20 0.65

Sortino edge GPIX 1.82 0.89

Treynor 0.168 0.111

Calmar edge GPIX 1.28 0.89

Against the benchmark

Alpha +0.3% a year −2.8% a year

Alpha t-stat 0.35 −0.94

Information ratio −0.85 −1.28

Tracking error 2.2% 8.4%

Reading

GPIX returned more: +72.5% to +33.6%. JEPI swung less: 8.7% to 12.1%. JEPI fell less at its worst: −11.5% to −15.7%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: GPIX vs JEPI: Dividend Yield & Total Return
Measure	GPIX	JEPI	SPY	Edge	How it is measured
Return
Total return	+72.5%	+33.6%		GPIX	Price change plus distributions, reinvested.
Annualized	+20.1%	+10.2%		GPIX	Total return as a yearly rate.
Price return	+34.5%	+6.1%		GPIX	Price change alone, distributions left out.
Risk
Volatility	12.1%	8.7%		JEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.0%	6.4%		JEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−15.7%	−11.5%		JEPI	Deepest fall from a high to the low after it.
Upside capture	80.8%	37.9%	100.0%	GPIX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	86.9%	55.9%	100.0%	JEPI	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.87	0.51	1.00	JEPI lower	How far it moves for each 1% its benchmark moves.
R squared	0.99	0.67	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	1.20	0.65		GPIX	Return above Treasury bills per unit of volatility.
Sortino	1.82	0.89		GPIX	Return above Treasury bills per unit of downside deviation.
Treynor	0.168	0.111	0.165	GPIX	Return above Treasury bills per unit of beta.
Calmar	1.28	0.89		GPIX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	SPY	SPY		The ETF each fund is measured against.
Alpha	+0.3% a year	−2.8% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.35	−0.94		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−1.3% to +1.8%	−8.6% to +3.1%		Both include zero	The 95% range for the yearly alpha.
Information ratio	−0.85	−1.28		GPIX	Return against its benchmark per unit of tracking error.
Tracking error	2.2%	8.4%	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, 155 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

38%

By the books each fund has filed, GPIX and JEPI hold 38% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 26, 2026.

50%

0 half 100%

half

38% in common

Positions both hold · largest shared weight first GPIX JEPI

MICROSOFT CORP 3.89% 1.98%

APPLE INC 6.45% 1.94%

AMAZON.COM INC 3.38% 1.81%

NVIDIA CORP 7.31% 1.79%

BROADCOM INC 2.79% 1.64%

ALPHABET INC 4.35% 1.62%

META PLATFORMS INC 1.67% 1.60%

ELI LILLY & COMPANY 1.48% 1.07%

ADVANCED MICRO DEVICES INC 1.48% 0.99%

VISA INC 0.99% 1.82%

MICRON TECHNOLOGY INC 2.02% 0.98%

JOHNSON & JOHNSON 0.95% 1.76%

Only in one fund ↓

Only in GPIX

ALPHABET INC 1.46%

JP MORGAN CHASE & COMPANY 1.36%

CATERPILLAR INC 0.78%

CISCO SYSTEMS INC 0.73%

HOME DEPOT INC (THE) 0.68%

GE AEROSPACE 0.65%

KLA CORP 0.61%

CHEVRON CORP 0.55%

Only in JEPI

S&P 500 equity-linked note 10 0.98%

S&P 500 equity-linked note 11 0.98%

S&P 500 equity-linked note 12 0.98%

S&P 500 equity-linked note 17 0.93%

S&P 500 equity-linked note 14 0.92%

S&P 500 equity-linked note 15 0.92%

S&P 500 equity-linked note 16 0.92%

S&P 500 equity-linked note 18 0.92%

Check overlap with more funds →

Side by side

GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly JEPI JPMorgan Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the S&P 500, paying monthly

Issuer Goldman Sachs JPMorgan

Strategy covered call covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.5% 7.2%

Expense ratio 0.29% 0.35%

Cash paid, 1 year 8.6% 7.9%

Price change, 1 year +5.3% −0.6%

Total return, 1 year +14.7% +7.6%

Benchmark return, 1 year +13.5% +13.5%

Ahead or behind +1.2 pts −5.9 pts

Return of capital, latest estimate not published not published

Age 3.0 years 6.4 years

Net assets, as of Oct 26, 2026 $6.4bn $45.8bn

As of Oct 27, 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: GPIX vs JEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GPIX	JEPI	GPIX	JEPI	GPIX	JEPI
3 months	+4.2%	+1.5%	2.2%	1.9%	0.0 pts	−2.7 pts
6 months	+9.0%	+4.3%	4.4%	4.0%	+0.3 pts	−4.4 pts
1 year	+14.7%	+7.6%	8.6%	7.9%	+1.1 pts	−5.9 pts
3 years	+84.2%	+40.9%	31.7%	26.3%	−10.2 pts	−53.4 pts
Since launchNot the same days: GPIX Oct 2023 · JEPI May 2020	+83.1%	+97.2%	31.5%	61.5%	−10.4 pts	−88.2 pts

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Client brief

No client brief for this pair: the two funds' holdings are dated 118 days apart.

Alert

About each fund

GPIX

Over the year to Oct 27, 2026, GPIX paid 8.6% of its starting value in cash distributions while its price rose 5.3%. With every distribution reinvested, the fund returned +14.7%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 8.5%, paid monthly.

JEPI

Over the year to Oct 27, 2026, JEPI paid 7.9% of its starting value in cash distributions while its price fell 0.6%. With every distribution reinvested, the fund returned +7.6%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was behind by 5.9 pts. At its price on Oct 27, 2026 the latest distribution annualizes to 7.2%, paid monthly.

Questions people ask

Which paid more, GPIX or JEPI?: Over the year to Oct 27, 2026, GPIX paid 8.6% of its starting price in cash and JEPI paid 7.9%, 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, GPIX or JEPI?: With every distribution reinvested, GPIX returned +14.7% and JEPI +7.6% over the year to Oct 27, 2026.
Which is cheaper, GPIX or JEPI?: GPIX charges 0.29% a year and JEPI charges 0.35%, so GPIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

GPIX vs SPYI GPIX vs XYLD GPIX vs ISPY GPIX vs OMAH JEPI vs JULH JEPI vs OCTH JEPI vs OCTJ JEPI vs JULJ

Where to next

S&P 500 (SPY) →GPIX on its own →JEPI on its own →GPIX dividend history →GPIX holdings →JEPI dividend history →JEPI holdings →Method →Standards and sources →

Sources and dates

GPIX filings on SEC EDGAR ↗

GPIX prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

JEPI filings on SEC EDGAR ↗

JEPI prospectus with the expense ratio (SEC) ↗

JPMorgan 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, GPIX against JEPI, data as of Oct 27, 2026. https://etfiq.com/compare/income/gpix-vs-jepi

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