Data as of Nov 4, 2026.
GPIX vs PCOV: Dividend Yield & Total Return
GPIX and PCOV both write options for income.
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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs S&P 500 Premium Income ETF, and $10m on Nov 2, 2026 for Principal Equity 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.Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
Total return, distributions reinvested
Not measured
PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
PCOV
−0.1%
1.9% of it arrived as cash. Both charts share one scale, with zero at the line. PCOV since launch: paid 1.9%, price −2.0%, total −0.1%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
GPIX costs 0.05 points a year less; GPIX is far larger, $6.4bn against $10m.
Points (pts) are percentage points.
| Measure | GPIX | PCOV |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +15.6% | not published |
| Price change | rose 6.2% (1 year) | fell 2.0% (since Aug 19, 2026) |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | not published |
| Cost and size | ||
| Expense ratio | 0.29% | 0.34% |
| Net assets, as of Nov 3, 2026 | $6.4bn | $10m |
| Holdings | ||
| Holdings in common | not published | |
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 | PCOV | GPIX | PCOV | GPIX | PCOV |
| 3 months | +0.9% | – | 2.1% | – | +1.0 pts | – |
| 6 months | +6.0% | – | 4.3% | – | +1.0 pts | – |
| 1 year | +15.6% | – | 8.8% | – | +0.9 pts | – |
| 3 years | +73.9% | – | 31.0% | – | −9.0 pts | – |
| Since launchNot the same days: GPIX Oct 2023 · PCOV Aug 2026 | +82.5% | −0.1% | 32.5% | 1.9% | −10.2 pts | not measured |
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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.
PCOV
Over the period from its first trade on Aug 19, 2026 to Nov 4, 2026, PCOV paid 1.9% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned −0.1%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.2%, paid periodically.
Questions people ask
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How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, GPIX against PCOV, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-pcov
ETFIQ. (Nov 4, 2026). GPIX against PCOV. Retrieved from https://etfiq.com/compare/income/gpix-vs-pcov
[GPIX against PCOV (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/gpix-vs-pcov)
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