Data as of .
GPIX vs SPYI: which paid, and which earned it?
Over the year SPYI paid 12.1% of its price in cash against GPIX’s 8.8%, though GPIX 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 161 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 SPYI hold 92% of their money in the same securities at the same weight.
| Holding | GPIX | SPYI |
|---|---|---|
| NVIDIA CORP | 7.33% | 7.57% |
| APPLE INC | 6.47% | 6.59% |
| MICROSOFT CORP | 3.90% | 4.32% |
| AMAZON.COM INC | 3.39% | 3.65% |
| ALPHABET INC | 4.37% | 3.28% |
| BROADCOM INC | 2.80% | 2.80% |
| MICRON TECHNOLOGY INC | 2.02% | 1.99% |
| TESLA INC | 1.89% | 1.85% |
| META PLATFORMS INC | 1.67% | 1.92% |
| ELI LILLY & COMPANY | 1.48% | 1.47% |
| ADVANCED MICRO DEVICES INC | 1.48% | 1.47% |
| ALPHABET INC | 1.46% | 2.61% |
| Only in GPIX | Only in SPYI |
|---|---|
| Goldman Sachs Group Inc/The 0.47% | |
| Copart Inc 0.04% | |
| Expand Energy Corp 0.03% | |
| Fidelity National Information 0.03% | |
| Broadridge Financial Solutions 0.02% | |
| Charter Communications Inc 0.02% | |
| News Corp 0.02% | |
| Jack Henry & Associates Inc 0.01% |
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 | SPYI | GPIX | SPYI | GPIX | SPYI | |
| 3 months | +3.4% | +4.0% | 2.1% | 3.0% | +0.1 pts | +0.7 pts |
| 6 months | +14.6% | +12.6% | 4.6% | 6.3% | −1.4 pts | −3.4 pts |
| 1 year | +17.5% | +15.8% | 8.8% | 12.1% | 0.0 pts | −1.7 pts |
| 3 years | not published | +56.5% | not published | 37.4% | not published | −21.3 pts |
| Since launch | +80.5% | +76.9% | 30.5% | 49.2% | −11.2 pts | −25.6 pts |
| GPIX Goldman Sachs S&P 500 Premium Income ETF Covered call on SPY, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | Goldman Sachs | NEOS |
| Strategy | covered call | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.6% | 12.2% |
| Expense ratio | 0.29% | 0.68% |
| Cash paid, 1 year | 8.8% | 12.1% |
| Price change, 1 year | +7.9% | +2.6% |
| Total return, 1 year | +17.5% | +15.8% |
| Benchmark return, 1 year | +17.5% | +17.5% |
| Ahead or behind | 0.0 pts | −1.7 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 1051 days | 1473 days |
GPIX in plain words
Over the year to Sep 11, 2026, GPIX paid 8.8% of its starting value in cash distributions while its price rose 7.9%. With every distribution reinvested, the fund returned +17.5%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was about even. At its price on Sep 11, 2026 the latest distribution annualizes to 8.6%, paid monthly.
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, GPIX or SPYI?
- Over the year to Sep 11, 2026, GPIX paid 8.8% of its starting price in cash and SPYI paid 12.1%, so SPYI 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 SPYI?
- With every distribution reinvested, GPIX returned +17.5% and SPYI returned +15.8% over the year to Sep 11, 2026, so GPIX returned more.
- Which is cheaper, GPIX or SPYI?
- GPIX charges 0.29% a year and SPYI charges 0.68%, 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 SPYI, data as of Sep 11, 2026. https://etfiq.com/compare/income/gpix-vs-spyi Free to use with attribution; the underlying files are at Open data.