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ETF Comparison

GPIX vs ISPY vs JEPI: Which Is the Better Pick in 2026?

A side-by-side comparison of Goldman Sachs S&P 500 Core Premium Income ETF, ProShares S&P 500 High Income ETF and JPMorgan Equity Premium Income ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

Goldman Sachs
ETFs48
Total AUM$64.7B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Goldman Sachs operates a 15-fund ETF lineup spanning diverse asset classes including bonds, commodities, factor-based strategies, income-focused funds, and international equities. The issuer is known for its specialized offerings in income generation and factor investing, with popular tickers including GSIE (a U.S. equity income fund) and GBIL (a short-duration bond fund). Their fund families emphasize both traditional index-based approaches and actively managed strategies across fixed income, commodities, and international markets.

See our curated list of related YouTube videos on GPIX.

See all Goldman Sachs ETFs
ProShares
ETFs165
Total AUM$123B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

ProShares is known for offering leveraged and inverse ETFs that provide amplified exposure to market movements, along with thematic and income-focused strategies. Their fund lineup spans digital assets (including Bitcoin and Ethereum exposure through BITO and EETH), dividend strategies like the Dividend Aristocrats fund (NOBL), covered call income strategies, and leveraged/inverse products that track major indices with 2x or 3x daily multipliers (such as SSO and TQQQ for tech-heavy portfolios). With 23 ETFs across specialized families including leveraged products, money market funds, and sector-specific offerings, ProShares serves investors seeking both traditional income and alternative exposure strategies.

See our curated list of related YouTube videos on ISPY.

See all ProShares ETFs
JPMorgan
ETFs74
Total AUM$282B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

JPMorgan operates a diverse ETF lineup of 46 funds spanning bond, equity, factor, income, index, international, money market, municipal, and sector strategies, establishing itself as a broad-based player across multiple asset classes and investment approaches. The issuer is particularly known for its income-focused offerings, including popular tickers like JEPI (Equity Premium Income) and JEPQ (Equity Premium Income ETF), which employ covered call and options strategies to generate distributions. JPMorgan's portfolio ranges from core index and fixed income funds to specialized sector and international equity ETFs, positioning the firm to serve both income-seeking and growth-oriented investors across diversified markets.

See our curated list of related YouTube videos on JEPI.

See all JPMorgan ETFs

Side-by-side snapshot

GPIXISPYJEPI
Full nameGoldman Sachs S&P 500 Core Premium Income ETFProShares S&P 500 High Income ETFJPMorgan Equity Premium Income ETF
IssuerGoldman SachsProSharesJPMorgan
Last Close$55.51 as of July 15, 2026$48.18 as of July 15, 2026$56.58 as of July 15, 2026
Distribution yield8.51%6.27%8.21%
Distribution Safety Score 846372
Expense ratio0.29%0.55%0.35%
AUM$4.40B$1.28B$44.3B
Distribution frequencyMonthlyMonthlyMonthly
Underlying indexSPXSPXSPX
ObjectiveSeeks current income while maintaining prospects for capital appreciation by investing at least 80% of net assets in companies included in the S&P 500 and selling call options with exposure to the benchmark.Seeks investment results that track the performance of the S&P 500 Daily Covered Call Index, pursuing a daily covered call writing strategy that combines a long position in the S&P 500 Index with short positions in daily call options.Covered Call
Asset classEquityEquityEquity
Inception date10/24/202309/11/202405/20/2020
Beta0.85430.93420.43
Last dividend$0.3937$0.2518$0.3872
Ex-dividend date07/01/202607/01/202607/01/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

GPIX (Goldman Sachs S&P 500 Core Premium Income ETF), ISPY (ProShares S&P 500 High Income ETF), JEPI (JPMorgan Equity Premium Income ETF) are dividend ETFs that take different approaches.

GPIX offers the highest reported yield at 8.51%, followed by JEPI at 8.21%, ISPY at 6.27%.

GPIX is the cheapest with an expense ratio of 0.29%, compared to 0.35% for JEPI and 0.55% for ISPY.

JEPI is the largest fund by assets ($44.3B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment: GPIX generates ~$70.92/month, ISPY generates ~$52.25/month, JEPI generates ~$68.42/month at current distribution rates.

GPIX yield8.51%
ISPY yield6.27%
JEPI yield8.21%

Cost & efficiency

Over 10 years on $10,000: GPIX costs ~$290, ISPY costs ~$550, JEPI costs ~$350 in fees (simplified, not compounded).

GPIX ER0.29%
ISPY ER0.55%
JEPI ER0.35%

Strategy & risk

All of these funds wrap SPX with options-based income strategies (GPIX: covered call, ISPY: basket, JEPI: covered call). The differences are yield target, fee, and issuer — not the underlying mechanic.

GPIX beta0.8543
ISPY beta0.9342
JEPI beta0.43

Fund details

GPIX is managed by Goldman Sachs (launched 10/24/2023) with $4.40B in assets. ISPY is managed by ProShares (launched 09/11/2024) with $1.28B in assets. JEPI is managed by JPMorgan (launched 05/20/2020) with $44.3B in assets.

GPIX AUM$4.40B
ISPY AUM$1.28B
JEPI AUM$44.3B
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Frequently asked questions

Which of GPIX, ISPY, JEPI is best for dividend income?

It depends on your goals. GPIX currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.

What is the difference between GPIX, ISPY, JEPI?

All of these funds track SPX with options-based income strategies — the individual labels (GPIX: covered call, ISPY: basket, JEPI: covered call) describe closely related mechanics (covered calls are a specific type of options strategy). The real differences are yield target (GPIX 8.51%, ISPY 6.27%, JEPI 8.21%), expense ratio, and issuer.

Can I hold GPIX, ISPY, JEPI together?

You can, but expect significant overlap. All of these funds use options-based income strategies on SPX, so holding them together gives you multiple wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.

Which has the lowest fees among GPIX, ISPY, JEPI?

GPIX has an expense ratio of 0.29%, ISPY has an expense ratio of 0.55%, JEPI has an expense ratio of 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 generate in each?

$10,000 in GPIX yields ~$70.92/month ($851.00/year). $10,000 in ISPY yields ~$52.25/month ($627.00/year). $10,000 in JEPI yields ~$68.42/month ($821.00/year).

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