Data as of .
GPIX vs SEPI: which paid, and which earned it?
Over the year GPIX paid 8.8% of its price in cash against SEPI’s 7.5%, though SEPI returned more with it reinvested.
ETFIQ Return Stability Score: SEPI 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 SEPI hold 40% of their money in the same securities at the same weight.
| Holding | GPIX | SEPI |
|---|---|---|
| APPLE INC | 6.47% | 5.24% |
| ALPHABET INC | 4.37% | 4.68% |
| NVIDIA CORP | 7.33% | 4.04% |
| MICROSOFT CORP | 3.90% | 3.42% |
| AMAZON.COM INC | 3.39% | 3.36% |
| BROADCOM INC | 2.80% | 3.08% |
| MICRON TECHNOLOGY INC | 2.02% | 6.53% |
| META PLATFORMS INC | 1.67% | 2.79% |
| BERKSHIRE HATHAWAY INC | 1.51% | 1.87% |
| ADVANCED MICRO DEVICES INC | 1.48% | 7.54% |
| JP MORGAN CHASE & COMPANY | 1.36% | 1.77% |
| EXXONMOBIL HOLDINGS CORP | 0.96% | 3.08% |
| Only in GPIX | Only in SEPI |
|---|---|
| TESLA INC 1.89% | GOLDMAN SACHS GROUP INC (THE) 3.91% |
| ELI LILLY & COMPANY 1.48% | |
| ALPHABET INC 1.46% | |
| INTEL CORP 1.02% | |
| VISA INC 0.99% | |
| APPLIED MATERIALS INC 0.90% | |
| LAM RESEARCH CORP 0.86% | |
| MASTERCARD INC 0.74% |
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 | SEPI | GPIX | SEPI | GPIX | SEPI | |
| 3 months | +2.6% | +5.4% | 2.1% | 2.1% | +0.3 pts | +3.2 pts |
| 6 months | +16.6% | +20.5% | 4.7% | 4.7% | −1.4 pts | +2.5 pts |
| 1 year | +17.0% | +21.8% | 8.8% | 7.5% | +0.4 pts | +5.2 pts |
| Since launch | +80.7% | +24.4% | 30.5% | 7.7% | −10.8 pts | +5.4 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | SEPI Shelton Equity Premium Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | Shelton |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.6% | 8.3% |
| Expense ratio | 0.29% | 0.54% |
| Cash paid, 1 year | 8.8% | 7.5% |
| Price change, 1 year | +7.4% | +13.4% |
| Total return, 1 year | +17.0% | +21.8% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | +0.4 pts | +5.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 1058 days | 375 days |
| Net assets | $5.8bn | $152m |
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.
SEPI in plain words
Over the year to Sep 18, 2026, SEPI paid 7.5% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +21.8%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 5.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.3%, paid monthly.
Questions people ask
- Which paid more, GPIX or SEPI?
- Over the year to Sep 18, 2026, GPIX paid 8.8% of its starting price in cash and SEPI paid 7.5%, 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 SEPI?
- With every distribution reinvested, GPIX returned +17.0% and SEPI returned +21.8% over the year to Sep 18, 2026, so SEPI returned more.
- Which is cheaper, GPIX or SEPI?
- GPIX charges 0.29% a year and SEPI charges 0.54%, 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 SEPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gpix-vs-sepi Free to use with attribution; the underlying files are at Open data.