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Goldman Sachs S&P 500 Core Premium Income ETF (GPIX)



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Upturn Advisory Summary
08/14/2025: GPIX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 16.12% | Avg. Invested days 56 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 39.45 - 49.73 | Updated Date 06/30/2025 |
52 Weeks Range 39.45 - 49.73 | Updated Date 06/30/2025 |
Upturn AI SWOT
Goldman Sachs S&P 500 Core Premium Income ETF
ETF Overview
Overview
The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) seeks to provide current income while maintaining opportunity for exposure to the S&P 500. It uses a strategy of investing in S&P 500 stocks and writing covered call options to generate income.
Reputation and Reliability
Goldman Sachs is a well-established financial institution with a long history in asset management and a strong reputation.
Management Expertise
The management team at Goldman Sachs Asset Management possesses significant experience in equity investing and options strategies.
Investment Objective
Goal
To provide current income while maintaining the opportunity for capital appreciation by investing in stocks of the S&P 500 Index and writing covered call options.
Investment Approach and Strategy
Strategy: GPIX invests in the stocks of the S&P 500 Index and utilizes a covered call strategy, selling call options on the index to generate income.
Composition The ETF holds a portfolio of stocks mirroring the S&P 500, with the income strategy overlaid through options.
Market Position
Market Share: Data not readily available to compute precise market share for this specific ETF in its narrowly defined strategy group.
Total Net Assets (AUM): 363000000
Competitors
Key Competitors
- JPMorgan Equity Premium Income ETF (JEPI)
- NEOS S&P 500 High Income ETF (SPYI)
- Global X S&P 500 Covered Call ETF (XYLD)
Competitive Landscape
The competitive landscape is centered around covered call strategies on the S&P 500. GPIX benefits from Goldman Sachs's brand and expertise, but faces stiff competition from larger ETFs like JEPI, which has a larger asset base and higher liquidity. SPYI, focused on high income, provides a different approach. The main advantage for GPIX rests on its unique implementation of the covered call strategy and lower expense ratio. The disadvantage might stem from lower trading volumes compared to JEPI and XYLD.
Financial Performance
Historical Performance: Data on long-term historical performance is limited due to the ETF's relatively young age. Review specific performance metrics from the fund's factsheet.
Benchmark Comparison: The ETF's performance should be compared against the S&P 500 Index and other covered call ETFs to assess its effectiveness in generating income and tracking the index.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
The average trading volume of GPIX can be found on major financial websites to determine its liquidity.
Bid-Ask Spread
The bid-ask spread of GPIX can be found on major financial websites to understand the cost of trading.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate environment, volatility in the stock market, and investor sentiment towards income-generating assets all impact GPIX's performance.
Growth Trajectory
GPIX's growth depends on its ability to attract investors seeking income in a low-yield environment. Future growth will depend on adoption by investors.
Moat and Competitive Advantages
Competitive Edge
GPIX leverages Goldman Sachs's extensive research capabilities and brand recognition. Its covered call strategy aims to generate higher income than the S&P 500 while providing some downside protection. The ETF's relatively low expense ratio enhances its appeal. Its active management seeks to optimize the covered call strategy, potentially outperforming passively managed covered call ETFs. The ETF's approach to covered call writing sets it apart.
Risk Analysis
Volatility
GPIX's volatility will be influenced by the volatility of the S&P 500 and the covered call strategy's ability to mitigate downside risk.
Market Risk
Market risk includes the potential for losses due to declines in the S&P 500. The covered call strategy can limit upside potential and may not fully protect against significant market downturns.
Investor Profile
Ideal Investor Profile
GPIX is suitable for investors seeking current income from their investment portfolio. It is also appropriate for those looking for a blend of income and exposure to the S&P 500.
Market Risk
GPIX is more appropriate for long-term investors and those comfortable with options strategies, but less suitable for active traders seeking rapid capital appreciation.
Summary
The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) offers exposure to the S&P 500 with an income-generating covered call overlay. GPIX is managed by a reputable firm, Goldman Sachs, and seeks to generate current income. While historical performance is limited, the fund presents a potential investment option for income-seeking investors who are comfortable with options strategies. Investors should consider the risks associated with covered call strategies before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Goldman Sachs Asset Management Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Market share data can vary between providers and is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Goldman Sachs S&P 500 Core Premium Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity investments in companies that are included in the fund"s benchmark. The fund will generally seek to maintain style, capitalization and industry characteristics similar to its benchmark.

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