Data as of .
GPIX vs OEI: which paid, and which earned it?
GPIX and OEI both write options for income.
What they hold in common
By the books each fund has filed, GPIX and OEI hold 64% of their money in the same securities at the same weight.
| Holding | GPIX | OEI |
|---|---|---|
| NVIDIA CORP | 7.33% | 8.32% |
| APPLE INC | 6.47% | 4.28% |
| MICROSOFT CORP | 3.90% | 5.99% |
| ALPHABET INC | 4.37% | 3.48% |
| AMAZON.COM INC | 3.39% | 4.56% |
| BROADCOM INC | 2.80% | 3.04% |
| MICRON TECHNOLOGY INC | 2.02% | 2.57% |
| META PLATFORMS INC | 1.67% | 2.18% |
| BERKSHIRE HATHAWAY INC | 1.51% | 1.60% |
| ADVANCED MICRO DEVICES INC | 1.48% | 1.56% |
| ELI LILLY & COMPANY | 1.48% | 1.80% |
| ALPHABET INC | 1.46% | 2.79% |
| Only in GPIX | Only in OEI |
|---|---|
| KLA CORP 0.62% | Goldman Sachs Group Inc/The 0.66% |
| SANDISK CORP 0.53% | Mobility Global Inc 0.02% |
| PALO ALTO NETWORKS INC 0.48% | |
| MARVELL TECHNOLOGY INC 0.41% | |
| LINDE PLC 0.40% | |
| ANALOG DEVICES INC 0.35% | |
| WESTERN DIGITAL CORP 0.34% | |
| CROWDSTRIKE HOLDINGS INC 0.34% |
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 dated Jul 31, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIX | OEI | GPIX | OEI | GPIX | OEI | |
| 3 months | +2.6% | +4.8% | 2.1% | 2.3% | +0.3 pts | +2.5 pts |
| 6 months | +16.6% | +12.5% | 4.7% | 4.9% | −1.4 pts | −5.6 pts |
| 1 year | +17.0% | not published | 8.8% | not published | +0.4 pts | not published |
| Since launch | +80.7% | +14.4% | 30.5% | 8.6% | −10.8 pts | −0.9 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | OEI Optimized Equity Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Core Alternative |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.6% | 9.2% |
| Expense ratio | 0.29% | 1.02% |
| Cash paid, 1 year | 8.8% | 8.6% (since launch on Oct 22, 2025) |
| Price change, 1 year | +7.4% | +5.2% |
| Total return, 1 year | +17.0% | +14.4% (since launch on Oct 22, 2025) |
| Benchmark return, 1 year | +16.6% | +15.3% |
| Ahead or behind | +0.4 pts | −0.9 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 331 days |
| Net assets | $5.8bn | $46m |
GPIX in plain words
Over the year to Sep 18, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 7.4%. With every distribution reinvested, the fund returned +17.0%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 8.6%, paid monthly.
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
Questions people ask
- Which is cheaper, GPIX or OEI?
- GPIX charges 0.29% a year and OEI charges 1.02%, so GPIX is cheaper. Fees come from each fund's prospectus.
Other comparisons
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 OEI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpix-vs-oei Free to use with attribution; the underlying files are at Open data.