ETF Comparison
GPIX vs ISPY vs SPYI vs TSPY vs XDTE: 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, NEOS S&P 500 High Income ETF, SPY Growth & Daily Income ETF and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| GPIX | ISPY | SPYI | TSPY | XDTE | |
|---|---|---|---|---|---|
| Full name | Goldman Sachs S&P 500 Core Premium Income ETF | ProShares S&P 500 High Income ETF | NEOS S&P 500 High Income ETF | SPY Growth & Daily Income ETF | Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call |
| Issuer | Goldman Sachs | ProShares | NEOS | TappAlpha | Roundhill Investments |
| Price | $50.32 | $43.66 | $49.93 | $23.29 | $36.88 |
| Distribution yield | 3.04% | 8.88% | 12.24% | 14.56% | 37.99% |
| Expense ratio | 0.29% | 0.56% | 0.68% | 0.77% | 0.97% |
| AUM | $3.2B | $1.2B | $8.1B | $237M | $294M |
| Distribution frequency | Monthly | Monthly | Monthly | Monthly | Weekly |
| Underlying index | SPX | SPX | S&P 500 Index | SPDR S&P 500 ETF Trust (SPY) | SPX |
| Objective | Seeks 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. | Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. | The TappAlpha SPY Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the SPDR S&P 500 ETF Trust ("SPY"), subject to a limit on potential investment gains. | Covered Call |
| Asset class | Equity | Equity | Equity | Equity | Equity |
| Inception date | 03/20/2024 | 09/11/2024 | 08/29/2022 | 08/14/2024 | 08/15/2024 |
| Beta | 0.0 | 0.0 | 0.69 | 0.0 | 0.0 |
| Last dividend | $0.35 | $0.30 | $0.53 | $0.28 | $0.21 |
| Ex-dividend date | 04/01/2026 | 04/01/2026 | 01/21/2026 | 03/31/2026 | 04/01/2026 |
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), SPYI (NEOS S&P 500 High Income ETF), TSPY (SPY Growth & Daily Income ETF), XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are popular dividend ETFs that take different approaches.
XDTE offers the highest yield at 37.99%, followed by TSPY at 14.56%, SPYI at 12.24%, ISPY at 8.88%, GPIX at 3.04%.
GPIX is the cheapest with an expense ratio of 0.29%, compared to 0.56% for ISPY and 0.68% for SPYI and 0.77% for TSPY and 0.97% for XDTE.
SPYI is the largest fund by assets ($8.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: GPIX generates ~$25.33/month, ISPY generates ~$74.00/month, SPYI generates ~$102.00/month, TSPY generates ~$121.33/month, XDTE generates ~$316.58/month at current distribution rates.
Cost & efficiency
Over 10 years on $10,000: GPIX costs ~$290, ISPY costs ~$560, SPYI costs ~$680, TSPY costs ~$770, XDTE costs ~$970 in fees (simplified, not compounded).
Strategy & risk
GPIX tracks SPX with a seeks 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. approach; ISPY tracks SPX with a 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. approach; SPYI tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach; TSPY tracks SPDR S&P 500 ETF Trust (SPY) with a the tappalpha spy growth & daily income etf (the "fund") seeks current income while maintaining prospects for capital appreciation. the fund’s secondary investment objective is to seek exposure to the performance of the spdr s&p 500 etf trust ("spy"), subject to a limit on potential investment gains. approach; XDTE tracks SPX with a covered call approach.
Fund details
GPIX is managed by Goldman Sachs (launched 03/20/2024) with $3.2B in assets. ISPY is managed by ProShares (launched 09/11/2024) with $1.2B in assets. SPYI is managed by NEOS (launched 08/29/2022) with $8.1B in assets. TSPY is managed by TappAlpha (launched 08/14/2024) with $237M in assets. XDTE is managed by Roundhill Investments (launched 08/15/2024) with $294M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Which of GPIX, ISPY, SPYI, TSPY, and XDTE is best for dividend income?
It depends on your goals. XDTE currently offers the highest distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between GPIX, ISPY, SPYI, TSPY, and XDTE?
GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) tracks SPX with a seeks 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. strategy, issued by Goldman Sachs. ISPY (ProShares S&P 500 High Income ETF) tracks SPX with a 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. strategy, issued by ProShares. SPYI (NEOS S&P 500 High Income ETF) tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. strategy, issued by NEOS. TSPY (SPY Growth & Daily Income ETF) tracks SPDR S&P 500 ETF Trust (SPY) with a the tappalpha spy growth & daily income etf (the "fund") seeks current income while maintaining prospects for capital appreciation. the fund’s secondary investment objective is to seek exposure to the performance of the spdr s&p 500 etf trust ("spy"), subject to a limit on potential investment gains. strategy, issued by TappAlpha. XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call strategy, issued by Roundhill Investments.
Can I hold GPIX, ISPY, SPYI, TSPY, and XDTE together?
Yes. Many income investors hold multiple dividend ETFs to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has the lowest fees among GPIX, ISPY, SPYI, TSPY, and XDTE?
GPIX has an expense ratio of 0.29%, ISPY has an expense ratio of 0.56%, SPYI has an expense ratio of 0.68%, TSPY has an expense ratio of 0.77%, XDTE has an expense ratio of 0.97%. 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 ~$25.33/month ($304.00/year). $10,000 in ISPY yields ~$74.00/month ($888.00/year). $10,000 in SPYI yields ~$102.00/month ($1,224.00/year). $10,000 in TSPY yields ~$121.33/month ($1,456.00/year). $10,000 in XDTE yields ~$316.58/month ($3,799.00/year).
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