GPIX: Goldman Sachs S&P 500 Premium Income ETF

What does GPIX hold?#

This fund owns mostly stocks from the S&P 500 and sells call options to earn extra cash for monthly payouts. Its managers choose the stocks and decide how many options to sell. Selling options means it may trail the stock market when prices rise quickly.

It does not track an index. Its managers choose what it holds. It had 492 holdings as of June 30, 2026, according to Goldman Sachs Asset Management.

What is the GPIX expense ratio?#

GPIX charges 0.29% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.29% fee comes to about $29 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has GPIX done since 2023?#

From October 2023 to October 2026, GPIX returned about 22.5% a year. Say you put in $10,000 at the start. It would have been worth about $18,264 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

GPIX returns by year#

What was GPIX’s worst drop?#

A drawdown is how far a fund falls from its last high point. GPIX’s worst fall was −17.5%, from February 19, 2025 to April 8, 2025. It got back to that high on June 26, 2025.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold GPIX?#

No classic strategy holds GPIX yet. You can add it to your own rules in the builder and see how they would have done.

How does GPIX compare with similar ETFs?#

Funds that can stand in for GPIX:

• JEPI: JPMorgan Equity Premium Income ETF, 0.35% a year
• JEPQ: JPMorgan Nasdaq Equity Premium Income ETF, 0.35% a year
• DIVO: Amplify CWP Enhanced Dividend Income ETF, 0.56% a year
• QYLD: Global X NASDAQ 100 Covered Call ETF, 0.6% a year

See all 8 GPIX alternatives, compared on the same dates as GPIX.

Test GPIX in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add GPIX, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for GPIX. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from Goldman Sachs Asset Management. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.