Goldman Sachs S&P 500 Premium Income ETF (GPIX) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GPIX
GPIX charges 0.29% annually. There are 4 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | GPIX vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | GPIX vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | GPIX vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | GPIX vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | GPIX vs PBP |
Best Risk-Adjusted Alternatives to GPIX
GPIX has a PortfoliosLab risk / return rank of 75. There are 22 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | GPIX vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | GPIX vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | GPIX vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | GPIX vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | GPIX vs TSMY |
Top Performing GPIX Alternatives (YTD)
GPIX is at 9.91% YTD. There are 65 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | GPIX vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | GPIX vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | GPIX vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | GPIX vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | GPIX vs MRNY |
Lowest Volatility Alternatives to GPIX
GPIX has 10.17% 1-year volatility. There are 48 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | GPIX vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | GPIX vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | GPIX vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | GPIX vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | GPIX vs LQTI |
Lowest Drawdown Alternatives to GPIX
GPIX has a 1-year max drawdown of -7.71%. There are 41 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | GPIX vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | GPIX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | GPIX vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | GPIX vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | GPIX vs OMAH |
Other ETFs from Goldman Sachs
The 10 most viewed Goldman Sachs ETFs shown here include GPIQ, AAAU, GSLC and span 10 categories. AUM among these funds goes as high as $16B.
Often Compared With GPIX
Investors most often compare GPIX with SPYI, JEPI, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare GPIX with Any Fund or Stock
Compare GPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GPIX with funds that move differently
Goldman Sachs S&P 500 Premium Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GPIX.
Explore GPIX Diversifiers