Goldman’s GPIX ETF Pulls Ahead (8.1% Yield)

Goldman Sachs' new covered call ETF, GPIX, offers an 8% yield and impressive performance since its inception in October 2023. Today's episode compares GPIX to JP Morgan's JEPI ETF and NEOS' SPYI ETF, and looks at the pros and cons of the fun. If you like high yield dividend investing, I hope you enjoy this review of the Goldman Sachs S&P 500 Core Premium Income ETF (Ticker GPIX).

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Timestamps:
00:00 Introduction
00:46 Why I'm discussing GPIX and not GPIQ
01:40 Why SPYI is ahead of JEPI
02:34 GPIX yield and distributions
04:22 What is GPIX?
04:39 2 Key Differences between GPIX and SPYI
07:10 What happens when prices fall?
07:57 Bull case for GPIX
09:10 Bear case for GPIX
09:49 My Take on the GPIX ETF
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[armchairincomechannel]

Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"):

[genelayton]

I noticed the same performance and for my brokerage account i now use GPIX and GPIQ as my call income ETFs where I have 'growth' ETFs like XLK, VFLO, SCHG & SCHD and dividend paying stocks. I have JEPQ, SVOL, PBDC, SPYI and QQQI in my largest Roth IRA which I use to withdraw monthly tax free income for retirement. So far so good!

[DP]

Great to see you as always!

For me, I’ve tracked JEPI very closely for a while, and I feel that JEPI should be compared to the Dow in terms of performance, due to its constitution (value focus).

I like the balance SPYI brings…and at the end of the day, trust Garret and NEOS.

[citizenoftheyearCC]

GPIX ranked number 1 on my Income ETF Power Rankings! I want to hear the full version of this theme song!

[christianperalta]

I have JEPQ(NASDAQ CC income), SPTM(S&P 1500 Broad market), and I have been contemplating adding GPIX to the mix.

[dakkon]

FYI- If you go to the PDFs in the document section of their site, most of their distributions appear to be between 60-95% RoC, NOT ordinary income. So I do not think we know yet about it's tax efficiency. ISPY, FEPI, etc. also show a lot of ROC.

[ramrod]

Isn’t selling ATM calls the same reason that XYLD has had the mediocre record it has? It seems like this fund is benefiting a lot from the timing of its launch.

[chipnorris]

Good stuff. I have owned GPIX for 4 mo

[cliff_see]

Thanks ive had GPIX for most this year. Im keeping it into retirement.

[BrisLS]

Great points about smoothing out your returns with the various funds. Also, the timing of the dividends is different, so you get to see cash hitting your account many days a month, and you have an incentive to buy more shares on not all the same day. I have all the names in this video. Thanks.

[JG-DivMan]

I like the GPIX strategy and will be watching this one. The newness alone wouldn't stop me from investing at least a small amount, but right now, I've got sufficient index and index options coverage, though I'm not averse to adjusting. It's on my watch list.

[LivingonHighYield]

QDPL is still the winner out of all these as far as price return and total return it’s actually beating the sp500 total return since inception according to Seeking Alpha

[angel_killzit]

I switched my jepi to gpix pretty early on, pretty happy with how its done.

[sdrsa]

Excellent video as always! Another ETF ISPY (not SPYI) which started Dec. 20, 2023 so far has higher returns than GPIX & SPYI. Yield for ISPY based on 5 distributions so far is 9.9% Putting it in the middle of the other 2 ETFs. Maybe ISPY is the best of both worlds: distributions & CG. I look forward to a future comparison of these 3 ETFs. I understand not including ISPY now since it is newer.

[MrGameMeister]

Question - are you rolling over your income for compounding, or are you taking all your income and withdrawing it? Or possibly just withdrawing the income that you need and allowing the additional left over to compound?

[SummitMan]

Another great video ! Interesting to hear about theses new funds as I don’t know them very well yet! I like my Sunday’s dose of armchair Income !! Good job ! 💪💪👌👌

[LasVegasStateOfMind]

Thanks to your video, we evaluated and are opening a position in GPIX as well. Thanks for the great content!!

[Tempest.]

as long as spyi's nav can stay flat or go up, im taking that 12% yield over anything

[yalelaw]

9:43 are you talking about 60 40 contracts ? Would there be any tax benefits in a retirement account?

[sdrsa]

So far XDTE is beating GPIX in the important ways. XDTE has a higher: Total Return, Distributions, Sharpe & Sortino Ratios. Consider XDTE before GPIX.