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% | 27.32M | Nov 2024 | GPIX vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | GPIX vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | GPIX vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | GPIX vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | GPIX vs QQA |
Best Risk-Adjusted Alternatives to GPIX
GPIX has a PortfoliosLab risk / return rank of 66. There are 30 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | GPIX vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | GPIX vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | GPIX vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | GPIX vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | GPIX vs BUCK |
Top Performing GPIX Alternatives (YTD)
GPIX is at 7.99% YTD. There are 74 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | GPIX vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | GPIX vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | GPIX vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | GPIX vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | GPIX vs AMDY |
Lowest Volatility Alternatives to GPIX
GPIX has 10.82% 1-year volatility. There are 54 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | GPIX vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | GPIX vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | GPIX vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | GPIX vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | GPIX vs XRMI |
Lowest Drawdown Alternatives to GPIX
GPIX has a 1-year max drawdown of -7.71%. There are 44 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% | 465.86M | Oct 2022 | GPIX vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | GPIX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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 12 categories. AUM among these funds goes as high as $15B.
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