GPIX combines active S&P 500-oriented equities with dynamic call writing. ROCY combines active U.S. large-cap equities with laddered call spreads that include purchased higher-strike calls. Neither is a plain S&P 500 tracker, and a lower distribution rate does not establish more conservative coverage.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
GPIX has outpaced ROCY over the shared window since Mar 2026, posting a 17.30% total return against 15.73%. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 9, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Mar 2026” measures every fund from March 19, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Mar 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Mar 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
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.
Designed to deliver current yield while maintaining prospects for capital appreciation and total return.
Bottom lineChoose GPIX if you want active stock selection with dynamic call coverage. Choose ROCY if you want active equities with laddered spreads and accept a shorter record. Payments can change and may include tax return of capital. Neither a payout rate nor tax character proves total return, distribution coverage, or principal safety.
Two active stock portfolios with different option overlays
GPIX combines active S&P 500-oriented equities with dynamic call writing. ROCY combines active U.S. large-cap equities with laddered call spreads that include purchased higher-strike calls. Neither is a plain S&P 500 tracker, and a lower distribution rate does not establish more conservative coverage.
GPIX
ROCY
Approach
Active equities and dynamic call overwrite
Active equities and laddered call spreads
Risk review
Equity losses, changing coverage, and manager selection
Equity losses, spread positioning, and limited operating history
Expense ratio
0.29%
0.35%
Portfolio fit
Review combined holdings and weights
Review combined holdings and weights
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. GPIX generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Goldman Sachs Asset Management is known for offering a comprehensive suite of ETFs spanning traditional and alternative investment strategies across multiple asset classes. The fund lineup encompasses income-focused offerings, factor-based strategies, thematic investments, ESG solutions, international exposure, commodities, bonds, and indexed products, reflecting a broad approach to meeting diverse investor needs. The issuer's portfolio demonstrates significant breadth, with funds serving income investors, factor-based strategists, and those seeking specialized exposure to emerging themes and alternative assets.
See our curated list of related YouTube videos on GPIX.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
JPMorgan is a major provider of ETFs spanning multiple asset classes and strategies, with particular strength in income-focused funds including their popular covered call strategy lineup. Their fund family encompasses broad categories including bond, equity, factor, income, index, international, municipal, and sector ETFs, providing investors with diverse exposure options across markets and investment styles. The issuer offers both core indexed strategies and actively managed solutions, serving investors seeking everything from traditional dividend income to sophisticated factor-based and thematic approaches.
See our curated list of related YouTube videos on ROCY.
GPIX (Goldman Sachs S&P 500 Premium Income ETF) and ROCY (JPMorgan Equity Premium Yield ETF) are both monthly-pay dividend ETFs, but they take different approaches.
GPIX offers the higher yield at 8.48% vs 6.61% for ROCY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
GPIX is cheaper with an expense ratio of 0.29% compared to 0.35%.
GPIX is the larger fund by assets ($6.04B), but assets alone do not establish trading costs or liquidity.
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On a $10,000 investment, GPIX would generate roughly $70.67 cash per distribution, while ROCY would produce $55.08 cash per distribution, at current distribution rates. Both pay monthly distributions.
GPIX yield8.48%
ROCY yield6.61%
Cash diff on $10K$15.58
Cost & efficiency
Over 10 years on $10,000, GPIX would cost approximately $290 in fees vs $350 for ROCY (simplified, not compounded). The $60.00 difference may be offset by yield or performance.
GPIX ER0.29%
ROCY ER0.35%
Strategy & risk
GPIX combines active S&P 500-oriented equities with dynamic call writing. ROCY combines active U.S. large-cap equities with laddered call spreads that include purchased higher-strike calls. Neither is a plain S&P 500 tracker, and a lower distribution rate does not establish more conservative coverage. Beta describes historical benchmark sensitivity, not guaranteed downside protection.
GPIX beta0.8543
ROCY beta0.7639
Fund details
GPIX is managed by Goldman Sachs (launched 10/24/2023) with $6.04B in assets. ROCY is managed by JPMorgan (launched 03/19/2026) with $777M in assets.
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Frequently asked questions
Does ROCY's purchased call eliminate stock-market losses?
No. The higher-strike call limits the spread's loss in a rally and can allow renewed upside participation, but it does not put a floor under the equity portfolio. GPIX also retains equity risk. Compare current option coverage and holdings rather than guessing strikes from payout differences.
How should I compare risk and ownership costs?
Use matching dates and definitions for returns, distributions, and fees. Beta describes historical benchmark sensitivity, not guaranteed downside protection. Check current bid-ask spreads and premiums or discounts; AUM alone does not determine the price available for your order.
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