Which paid more, GPIX or PBP?

Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting price in cash and PBP paid 11.7%, so PBP 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 PBP?

With every distribution reinvested, GPIX returned +15.6% and PBP +16.2% over the year to Nov 4, 2026.

Which is cheaper, GPIX or PBP?

GPIX and PBP both charge 0.29% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

GPIX vs PBP: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, PBP paid 11.7% of its price in cash against GPIX’s 8.8%, and returned more with it reinvested.

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Net assets on Nov 3, 2026: $6.4bn for Goldman Sachs S&P 500 Premium Income ETF and $389m for Invesco S&P 500 BuyWrite ETF.

GPIX on its own →PBP on its own →

At a glance

8.8%

GPIX cash paid, 1 year

11.7%

PBP cash paid, 1 year

+15.6%

GPIX total return, 1 year

+16.2%

PBP total return, 1 year

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. 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.

PBP · 1 year to Nov 4, 2026 1.4 pts ahead of SPY

PBP

+16.2%

SPY

+14.8%

1.4 pts ahead of SPY

PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

PBP

+16.2%

11.7% of it arrived as cash

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

SPY

+14.8%

PBP

+16.2%

11.7% as cash

1.4 pts ahead of SPY

11.7% of it arrived as cash. Both charts share one scale, 0 to +16.2%. PBP over 1 year: paid 11.7%, price +3.6%, total +16.2%, SPY +14.8%, +1.4 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.2%. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.29% a year; their one-year returns differ by 0.6 points; GPIX is 16.5 times larger.

Points (pts) are percentage points.

GPIX vs PBP: Dividend Yield & Total Return
Measure	GPIX	PBP
Paid and earned
Measure	GPIX	PBP
Total return, 1 year	+15.6%	+16.2%
Price change, 1 year	rose 6.2%	rose 3.6%
Return of capital, issuer estimate		95% of the Oct 23, 2026 payment
Against its benchmark
Measure	GPIX	PBP
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	GPIX	PBP
Expense ratio	0.29%	0.29%
Net assets, as of Nov 3, 2026	$6.4bn	$389m
Holdings
Measure	GPIX	PBP
Holdings in common	87%

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

IQ Income Score82.9GPIX75.1PBP

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

GPIX 82.9

PBP 75.1

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

What they share

87%

By the books each fund has filed, GPIX and PBP hold 87% 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

87% in common

Positions both hold · largest shared weight first GPIX PBP

NVIDIA CORP 7.31% 7.71%

APPLE INC 6.45% 7.47%

MICROSOFT CORP 3.89% 5.96%

AMAZON.COM INC 3.38% 3.79%

ALPHABET INC 4.35% 2.53%

BROADCOM INC 2.79% 2.44%

TESLA INC 1.88% 1.73%

META PLATFORMS INC 1.67% 2.11%

BERKSHIRE HATHAWAY INC 1.50% 1.60%

MICRON TECHNOLOGY INC 2.02% 1.49%

ELI LILLY & COMPANY 1.48% 1.74%

ALPHABET INC 1.46% 2.04%

Only in one fund ↓

Only in GPIX

ELECTRONIC ARTS INC 0.15%

WARNER BROS. DISCOVERY INC 0.14%

CORTEVA INC 0.07%

KENVUE INC 0.07%

AVALONBAY COMMUNITIES INC 0.04%

EQUITY RESIDENTIAL 0.03%

BUILDERS FIRSTSOURCE INC 0.01%

PARAMOUNT SKYDANCE CORP 0.01%

Only in PBP

Goldman Sachs Group Inc 0.40%

Bloom Energy Corp 0.10%

Vylor Inc 0.07%

Ferguson Enterprises Inc 0.07%

Vivmark Residential 0.07%

Everpure Inc 0.06%

Illumina Inc 0.06%

Twilio Inc 0.05%

Check overlap with more funds →

Side by side

GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly PBP Invesco S&P 500 BuyWrite ETF · Covered call on SPY, paying monthly

Issuer Goldman Sachs Invesco

Strategy covered call covered call

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

Pays monthly monthly

Payout rate, annualized 8.4% 8.5%

Expense ratio 0.29% 0.29%

Cash paid, 1 year 8.8% 11.7%

Price change, 1 year +6.2% +3.6%

Total return, 1 year +15.6% +16.2%

Benchmark return, 1 year +14.8% +14.8%

Ahead or behind +0.8 pts +1.4 pts

Return of capital, latest estimate not published 95%

Age 3.0 years 18.9 years

Net assets, as of Nov 3, 2026 $6.4bn $389m

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: GPIX vs PBP: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	GPIX	PBP	GPIX	PBP	GPIX	PBP
3 months	+0.9%	+2.5%	2.1%	2.5%	+1.0 pts	+2.6 pts
6 months	+6.0%	+8.1%	4.3%	5.3%	+1.0 pts	+3.1 pts
1 year	+15.6%	+16.2%	8.8%	11.7%	+0.9 pts	+1.4 pts
3 years	+73.9%	+49.6%	31.0%	33.4%	−9.0 pts	−33.3 pts
Since launchNot the same days: GPIX Oct 2023 · PBP Dec 2007	+82.5%	+172.0%	32.5%	92.4%	−10.2 pts	−467.6 pts

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Alert

About each fund

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.

PBP

Over the year to Nov 4, 2026, PBP paid 11.7% of its starting value in cash distributions while its price rose 3.6%. With every distribution reinvested, the fund returned +16.2%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Invesco estimates that 95% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, GPIX or PBP?: Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting price in cash and PBP paid 11.7%, so PBP 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 PBP?: With every distribution reinvested, GPIX returned +15.6% and PBP +16.2% over the year to Nov 4, 2026.
Which is cheaper, GPIX or PBP?: GPIX and PBP both charge 0.29% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

GPIX vs OMAH GPIX vs OEI GPIX vs SPYI GPIX vs NLSI PBP vs XYLD PBP vs SPYI PBP vs JEPI PBP vs ROCY

Where to next

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

Sources and dates

GPIX filings on SEC EDGAR ↗

GPIX prospectus with the expense ratio (SEC) ↗

Goldman Sachs website ↗

PBP filings on SEC EDGAR ↗

PBP prospectus with the expense ratio (SEC) ↗

PBP 19a-1 distribution notice ↗

Invesco page for PBP ↗

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 PBP, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-pbp

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.