Data as of .
GPIX vs PAPI: which paid, and which earned it?
Over the year GPIX paid 8.8% of its price in cash against PAPI’s 7.9%, and returned more with it reinvested.
ETFIQ Return Stability Score: GPIX scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, GPIX and PAPI hold 17% of their money in the same securities at the same weight.
| Holding | GPIX | PAPI |
|---|---|---|
| CISCO SYSTEMS INC | 0.73% | 0.77% |
| ABBVIE INC | 0.71% | 0.64% |
| ALPHABET INC | 4.37% | 0.59% |
| JOHNSON & JOHNSON | 0.95% | 0.56% |
| HOME DEPOT INC (THE) | 0.68% | 0.55% |
| COCA-COLA COMPANY (THE) | 0.54% | 0.56% |
| MERCK & COMPANY INC | 0.50% | 0.59% |
| PROCTER & GAMBLE COMPANY (THE) | 0.60% | 0.49% |
| COSTCO WHOLESALE CORP | 0.64% | 0.49% |
| RTX CORP | 0.47% | 0.52% |
| EXXONMOBIL HOLDINGS CORP | 0.96% | 0.47% |
| TEXAS INSTRUMENTS INC | 0.47% | 0.71% |
| Only in GPIX | Only in PAPI |
|---|---|
| NVIDIA CORP 7.33% | TD SYNNEX Corp. 0.81% |
| APPLE INC 6.47% | Power Integrations, Inc. 0.73% |
| AMAZON.COM INC 3.39% | Royalty Pharma plc 0.73% |
| BROADCOM INC 2.80% | Millicom International Cellular SA 0.72% |
| MICRON TECHNOLOGY INC 2.02% | Avnet, Inc. 0.71% |
| TESLA INC 1.89% | Reynolds Consumer Products, Inc. 0.68% |
| META PLATFORMS INC 1.67% | MSC Industrial Direct Co., Inc. 0.66% |
| BERKSHIRE HATHAWAY INC 1.51% | Wendy's Co. (The) 0.63% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GPIX | PAPI | GPIX | PAPI | GPIX | PAPI | |
| 3 months | +2.6% | +4.7% | 2.1% | 2.0% | +0.3 pts | +2.5 pts |
| 6 months | +16.6% | +5.6% | 4.7% | 4.0% | −1.4 pts | −12.4 pts |
| 1 year | +17.0% | +12.8% | 8.8% | 7.9% | +0.4 pts | −3.8 pts |
| Since launch | +80.7% | +35.6% | 30.5% | 22.5% | −10.8 pts | −49.6 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | PAPI Parametric Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Parametric |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.6% | 7.2% |
| Expense ratio | 0.29% | 0.29% |
| Cash paid, 1 year | 8.8% | 7.9% |
| Price change, 1 year | +7.4% | +4.5% |
| Total return, 1 year | +17.0% | +12.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +0.4 pts | −3.8 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 1065 days |
| Net assets | $5.8bn | $400m |
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.
PAPI in plain words
Over the year to Sep 18, 2026, PAPI paid 7.9% of its starting value in cash distributions while its price rose 4.5%. With every distribution reinvested, the fund returned +12.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.2%, paid monthly.
Questions people ask
- Which paid more, GPIX or PAPI?
- Over the year to Sep 18, 2026, GPIX paid 8.8% of its starting price in cash and PAPI 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 PAPI?
- With every distribution reinvested, GPIX returned +17.0% and PAPI returned +12.8% over the year to Sep 18, 2026, so GPIX returned more.
- Which is cheaper, GPIX or PAPI?
- GPIX charges 0.29% a year and PAPI charges 0.29%, 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 PAPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpix-vs-papi Free to use with attribution; the underlying files are at Open data.