Data as of Nov 4, 2026.

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Income ETFs

GPIX vs XRMI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, XRMI paid 11.9% of its price in cash against GPIX’s 8.8%, though GPIX returned more with it reinvested.

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Net assets: $6.4bn on Nov 3, 2026 for Goldman Sachs S&P 500 Premium Income ETF, and $62m on Oct 12, 2026 for Global X S&P 500 Risk Managed Income ETF.

At a glance
8.8%
GPIX cash paid, 1 year
11.9%
XRMI cash paid, 1 year
+15.6%
GPIX total return, 1 year
+8.7%
XRMI 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.
XRMI · 1 year to Nov 4, 2026 6.1 pts behind SPY
XRMI
+8.7%
SPY
+14.8%

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% of it arrived as cash

6.1 pts behind SPY

Total return, distributions reinvested

6.1 pts behind SPY

XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

XRMI

+8.7%

11.9% cash

6.1 pts behind SPY

11.9% of it arrived as cash. Both charts share one scale, with zero at the line. XRMI over 1 year: paid 11.9%, price −3.8%, total +8.7%, SPY +14.8%, −6.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

GPIX costs 0.31 points a year less; their one-year returns differ by 6.9 points; GPIX is far larger, $6.2bn against $62m.

Points (pts) are percentage points.

GPIX vs XRMI: Dividend Yield & Total Return
MeasureGPIXXRMI
Paid and earned
Total return, 1 year+15.6%+8.7%
Price change, 1 yearrose 6.2%fell 3.8%
Return of capital, issuer estimate95% of the Sep 24, 2026 payment
Against its benchmark
BenchmarkS&P 500, measured through SPYS&P 500, measured through SPY
Cost and size
Expense ratio0.29%0.60%
Net assets, as of Oct 12, 2026$6.2bn$62m
Holdings
Holdings in common84%
ETFIQ Distribution Coverage Score · GPIX scores higher How much of what it paid out did its total return cover?
IQ Income Score82.9GPIX45.2XRMI

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

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

84%

By the books each fund has filed, GPIX and XRMI hold 84% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

84% in common

Positions both hold · largest shared weight first GPIX XRMI
NVIDIA CORP 7.31% 7.63%
APPLE INC 6.45% 7.12%
MICROSOFT CORP 3.89% 5.42%
AMAZON.COM INC 3.38% 4.17%
ALPHABET INC 4.35% 3.28%
BROADCOM INC 2.79% 2.89%
META PLATFORMS INC 1.67% 1.92%
BERKSHIRE HATHAWAY INC 1.50% 1.47%
ALPHABET INC 1.46% 2.64%
MICRON TECHNOLOGY INC 2.02% 1.46%
TESLA INC 1.88% 1.37%
ADVANCED MICRO DEVICES INC 1.48% 1.22%
Only in one fund ↓
Only in GPIX
ELI LILLY & COMPANY 1.48%
JP MORGAN CHASE & COMPANY 1.36%
GE AEROSPACE 0.65%
LINDE PLC 0.40%
SEAGATE TECHNOLOGY HOLDINGS PLC 0.34%
EATON CORP PLC 0.30%
US BANCORP 0.23%
CHUBB LTD (SWITZERLAND) 0.19%
Only in XRMI
JPMORGAN CHASE & CO. 1.48%
ELI LILLY AND COMPANY 1.42%
GENERAL ELECTRIC COMPANY 0.59%
THE GOLDMAN SACHS GROUP, INC. 0.47%
LINDE PUBLIC LIMITED COMPANY 0.35%
SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY 0.30%
EATON CORPORATION PUBLIC LIMITED COMPANY 0.25%
Chubb Limited 0.20%
Check overlap with more funds →

Side by side

GPIX Goldman Sachs S&P 500 Premium Income ETF · Covered call on SPY, paying monthly XRMI Global X S&P 500 Risk Managed Income ETF · Option income on SPY, paying monthly
Strategy covered call option income
Benchmark S&P 500 (SPY) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 8.4% 10.6%
Expense ratio 0.29% 0.60%
Cash paid, 1 year 8.8% 11.9%
Price change, 1 year +6.2% −3.8%
Total return, 1 year +15.6% +8.7%
Benchmark return, 1 year +14.8% +14.8%
Ahead or behind +0.8 pts −6.1 pts
Return of capital, latest estimate not published 95%
Age 3.0 years 5.2 years
Net assets, GPIX as of Nov 3, 2026 and XRMI as of Oct 12, 2026 $6.4bn $62m

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 XRMI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowGPIXXRMIGPIXXRMIGPIXXRMI
3 months+0.9%+1.6%2.1%2.9%+1.0 pts+1.8 pts
6 months+6.0%+5.4%4.3%6.0%+1.0 pts+0.4 pts
1 year+15.6%+8.7%8.8%11.9%+0.9 pts−6.1 pts
3 years+73.9%+30.8%31.0%35.1%−9.0 pts−52.2 pts
Since launchNot the same days: GPIX Oct 2023 · XRMI Aug 2021+82.5%+17.6%32.5%45.0%−10.2 pts−66.7 pts

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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.

XRMI

Over the year to Nov 4, 2026, XRMI paid 11.9% of its starting value in cash distributions while its price fell 3.8%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.6%, paid monthly. Global X estimates that 95% of the distribution paid Sep 24, 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 XRMI?
Over the year to Nov 4, 2026, GPIX paid 8.8% of its starting price in cash and XRMI paid 11.9%, so XRMI 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 XRMI?
With every distribution reinvested, GPIX returned +15.6% and XRMI +8.7% over the year to Nov 4, 2026.
Which is cheaper, GPIX or XRMI?
GPIX charges 0.29% a year and XRMI charges 0.60%, so GPIX is cheaper. Fees come from each fund's prospectus.
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Sources and dates

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.

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ETFIQ, GPIX against XRMI, data as of Nov 4, 2026. https://etfiq.com/compare/income/gpix-vs-xrmi

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