GPIX — Goldman Sachs S&P 500 Premium Income ETF

GPIX Price Performance — Growth of $10,000

Value of a $10,000 investment in GPIX over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GPIX Drawdown

The "underwater" chart: GPIX's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Goldman Sachs S&P 500 Premium Income ETF, trading under the ticker GPIX, operates within the Covered Call / Income category managed by Goldman Sachs. This fund has attracted significant investor adoption, evidenced by its $4.72 billion in assets under management and a current share price of $54.97. It holds an overall rank of #141 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of B with a score of 67.5 out of 100. The fund charges an expense ratio of 0.29% while offering a dividend yield of 1.58%. Within its specific category of 10 tracked ETFs, GPIX positions itself as a substantial vehicle for income generation relative to its peers. The combination of high assets and a mid-tier rank suggests a mature product that balances cost and yield for its target audience.

Recent performance data shows a 1-day return of +0.24% followed by a 1-week decline of -0.72%, indicating short-term price fluctuation. Over the longer term, the fund has demonstrated consistent growth, posting a 1-month return of +1.58% and a 3-month return of +4.12%. This upward trajectory accelerated further with a 6-month return of +7.74% and a year-to-date gain of +9.20%. The 1-year return stands at +17.95%, reflecting strong annual performance compared to the shorter horizons. Data for the 3-year return is currently unavailable, preventing a full assessment of multi-year trends. The pattern suggests a fund that has delivered positive returns across all measured periods where data exists, with the annual return significantly outpacing the year-to-date figure.

The fund carries a Low volatility label, which aligns with its reported Sharpe ratio of 1.18, suggesting efficient risk-adjusted returns relative to its price movements. A Beta value is not provided for this security, leaving the direct correlation to market benchmarks undefined in this report. The maximum drawdown recorded is -17.50%, indicating the largest peak-to-trough decline experienced by the fund. This drawdown figure, combined with the low volatility classification, implies that while the fund has experienced significant declines, it generally maintains a smoother price path than higher-volatility assets. The Sharpe ratio of 1.18 further supports the view that the fund has generated substantial returns per unit of risk taken over the measured period. Together, these metrics describe a profile that prioritizes income and stability while accepting a defined level of historical downside risk.

AI-generated summary based on the data on this page.

GPIX Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 36.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how GPIX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With GPIX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with GPIX's top 10 — VTI overlaps most, holding 8 of the same companies as GPIX's top 10 (33.2% of GPIX's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GPIX Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 16.02% and average daily volume is 901K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.72B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GPIX is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GPIX Performance History

How GPIX Compares to Other Covered Call / Income ETFs