GPIX
Goldman Sachs S&P 500 Core Premium Income ETF
GPIX is an actively managed ETF, primarily investing in stocks of companies in the S&P 500. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth
US
EQUITY
Active
MANAGEMENT STYLE
910.2 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 26, 2023 |
| Assets (mns) | $947 |
| Expense ratio | 29 bp |
Fund Structure
| Regulation | |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.7% | 3.1% | -- | -- | -- | -- | -- | 13.7% |
| Dividend Yield | 0.0% | 3.0% | -- | -- | -- | -- | -- | 5.2% |
| Total Returns | -2.7% | 6.1% | -- | -- | -- | -- | -- | 18.9% | Ann. Volatility | 25.5% | 18.7% | -- | -- | -- | -- | -- | 15.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 97% |
| MSCI EAFE | 0.30 | 12% |
| MSCI Emg Mkts | 0.13 | 1% |
Liquidity Measures
| Avg. volume (000) | 284 |
| ADV traded (mns) | $14 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 14.18% |
Technical Indicators
| Recent close | $48.34 |
| 30d moving avg. | $47.77 |
| Annualized volatility | 11.0% |
| Relative strength (RSI) | 54 |
| Short interest | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| GPIX (29 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GPIX | 29.0 | 1,417.5 | 1446.5 |
| Peer Avg. | 49.0 | 20.1 | 69.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .