Compare/Updated Oct 26, 2026, refreshed every trading day
GPIX vs SPYI
Goldman Sachs S&P 500 Premium Income ETF against Neos S&P 500(R) High Income ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
GPIX did better over the stated period: $1,000 invested on October 19, 2023 would be worth $6,760 versus $1,624 for SPYI. GPIX also had stronger recent returns, including 15.0% over one year versus 14.1% for SPYI, while beating SPYI in 20 of the last 36 months. However, the result is accompanied by significant risk-data concerns: GPIX reports a -100.0% worst drawdown from October 19 to October 25, 2023, compared with SPYI’s -16.5% drawdown, although the figures imply an unusual divergence. SPYI had slightly lower 12-month volatility at 10.6% versus 11.1% for GPIX, a lower typical risk measure, but its 0.68% expense ratio is higher than GPIX’s 0.35%. The reported daily-move statistics also conflict with the 0.990 correlation figure and should be interpreted cautiously.
- Price is above its 200-day average ($53); 50-day at $56.
- RSI 44, neutral. Supertrend says buy. ADX 15, so the trend is weak.
- Price is above its 200-day average ($50); 50-day at $53.
- RSI 44, neutral. Supertrend says sell. ADX 16, so the trend is weak.
Head to head
Which has returned more, GPIX or SPYI?
GPIX beat SPYI in 20 of the last 36 months; SPYI won the other 16. The typical monthly gap was 0.25 points.
Total return by period
Which is riskier?
GPIX: Oct 19, 2023 to Oct 25, 2023; SPYI: Feb 19, 2025 to Apr 8, 2025
- -0.055
- correlation of daily moves, 3 years
- -964991.77
- GPIX move per 1% in SPYI
- 0.990
- correlation, last 12 months
Month by month
Of the last 36 months. The typical gap was 0.25 points.
When did they diverge?
| Month | GPIX | SPYI | Gap |
|---|---|---|---|
| November 2023 | +7.3% | +4.7% | +2.60 pts |
| December 2023 | +4.3% | +2.4% | +1.93 pts |
| April 2026 | +8.9% | +7.2% | +1.71 pts |
| September 2026 | -0.7% | +0.1% | -0.79 pts |
Where the numbers come from. 753 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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