ETF Comparison
SPYI vs GPIX: Which Is the Better Pick in 2026?
A head-to-head comparison of NEOS S&P 500 High Income ETF and Goldman Sachs S&P 500 Core Premium Income ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| SPYI | GPIX | |
|---|---|---|
| Full name | NEOS S&P 500 High Income ETF | Goldman Sachs S&P 500 Core Premium Income ETF |
| Issuer | NEOS | Goldman Sachs |
| Price | $49.65 | $50.00 |
| Distribution yield | 11.84% | 2.26% |
| Expense ratio | 0.68% | 0.29% |
| AUM | $8.1B | $3.2B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | S&P 500 Index | SPX |
| Objective | Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. | 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. |
| Asset class | Equity | Equity |
| Inception date | 08/29/2022 | 03/20/2024 |
| Beta | 0.68 | 0.0 |
| Last dividend | $0.51 | $0.35 |
| Ex-dividend date | 03/18/2026 | 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
SPYI (NEOS S&P 500 High Income ETF) and GPIX (Goldman Sachs S&P 500 Core Premium Income ETF) are both popular monthly-pay seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. ETFs, but they take different approaches.
SPYI offers the higher yield at 11.84% vs 2.26% for GPIX. 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 0.68%.
They track different benchmarks: SPYI is linked to S&P 500 Index while GPIX tracks SPX, which means their performance drivers differ.
SPYI is the larger fund by assets ($8.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SPYI would generate roughly $98.67/month while GPIX would produce $18.83/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, SPYI would cost approximately $680 in fees vs $290 for GPIX (simplified, not compounded). The $390.00 difference may be offset by yield or performance.
Strategy & risk
SPYI tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach, while GPIX tracks SPX using 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. Beta is 0.68 for SPYI and 0.0 for GPIX, indicating GPIX is less volatile relative to the market.
Fund details
SPYI is managed by NEOS (launched 08/29/2022) with $8.1B in assets. GPIX is managed by Goldman Sachs (launched 03/20/2024) with $3.2B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is SPYI or GPIX better for dividend income?
It depends on your goals. SPYI currently offers the higher 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 SPYI and GPIX?
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, while 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. approach. They are issued by NEOS and Goldman Sachs respectively.
Can I hold both SPYI and GPIX?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, SPYI or GPIX?
SPYI has an expense ratio of 0.68% while GPIX charges 0.29%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SPYI vs GPIX generate?
At current yields, $10,000 in SPYI would generate roughly $98.67 per month ($1,184.00 annually). The same in GPIX would produce about $18.83 per month ($226.00 annually).
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