ETF Comparison
GPIX vs TSPY: Which Is the Better Pick in 2026?
A head-to-head comparison of Goldman Sachs S&P 500 Core Premium Income ETF and SPY Growth & Daily Income ETF covering yield, cost, risk, and income potential.
Data updated April 9, 2026
Side-by-side snapshot
| GPIX | TSPY | |
|---|---|---|
| Full name | Goldman Sachs S&P 500 Core Premium Income ETF | SPY Growth & Daily Income ETF |
| Issuer | Goldman Sachs | TappAlpha |
| Price | $50.32 | $23.29 |
| Distribution yield | 3.04% | 14.56% |
| Expense ratio | 0.29% | 0.77% |
| AUM | $3.2B | $237M |
| Distribution frequency | Monthly | Monthly |
| Underlying index | SPX | SPDR S&P 500 ETF Trust (SPY) |
| 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. | 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. |
| Asset class | Equity | Equity |
| Inception date | 03/20/2024 | 08/14/2024 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.35 | $0.28 |
| Ex-dividend date | 04/01/2026 | 03/31/2026 |
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) and TSPY (SPY Growth & Daily Income ETF) are both popular monthly-pay 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. ETFs, but they take different approaches.
TSPY offers the higher yield at 14.56% vs 3.04% 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 0.77%.
They track different benchmarks: GPIX is linked to SPX while TSPY tracks SPDR S&P 500 ETF Trust (SPY), which means their performance drivers differ.
GPIX is the larger fund by assets ($3.2B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, GPIX would generate roughly $25.33/month while TSPY would produce $121.33/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, GPIX would cost approximately $290 in fees vs $770 for TSPY (simplified, not compounded). The $480.00 difference may be offset by yield or performance.
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, while TSPY tracks SPDR S&P 500 ETF Trust (SPY) using 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. Beta is 0.0 for GPIX and 0.0 for TSPY, indicating TSPY is less volatile relative to the market.
Fund details
GPIX is managed by Goldman Sachs (launched 03/20/2024) with $3.2B in assets. TSPY is managed by TappAlpha (launched 08/14/2024) with $237M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is GPIX or TSPY better for dividend income?
It depends on your goals. TSPY 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 GPIX and TSPY?
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, while 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. approach. They are issued by Goldman Sachs and TappAlpha respectively.
Can I hold both GPIX and TSPY?
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, GPIX or TSPY?
GPIX has an expense ratio of 0.29% while TSPY charges 0.77%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in GPIX vs TSPY generate?
At current yields, $10,000 in GPIX would generate roughly $25.33 per month ($304.00 annually). The same in TSPY would produce about $121.33 per month ($1,456.00 annually).
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