Dividend comparison

GPIX vs RDTE: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs S&P 500 Premium Income ETF and Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

Start freeOpen interactive compareSee pricing
GPIX vs RDTE: key differences
The short answer, from the latest data on this page.
  • Fees. GPIX is cheaper at 0.35% a year versus 0.97% for RDTE. On $10,000 that is $62 a year less in fees.
  • Income. RDTE pays more income, yielding 44.20% over the last twelve months versus 8.20% for GPIX. That is about $3,600 more a year on $10,000. GPIX pays monthly, RDTE pays weekly.
  • Performance. Over the last 1 year, GPIX returned 8.4% versus -20.7% for RDTE, with dividends reinvested. $10,000 would have grown to $10,841 in GPIX and $7,928 in RDTE.
  • Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -24.4% for RDTE.
  • Diversification. GPIX holds 488 positions and RDTE holds 4. The ten largest positions make up 39.4% of GPIX and 190.9% of RDTE.
  • Size. GPIX is the larger fund with $6.2 billion in assets, against $155 million for RDTE.

Bottom line: GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. RDTE fits better if you care most about more income today and smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricGPIX
Goldman Sachs S&P 500 Premium Income ETF
RDTE
Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF
Dividend yield (TTM)8.20%44.20%
Dividend / share (TTM)$4.59$11.26
Payout frequencyMonthlyWeekly
Last dividend$0.3970 on Oct 7, 2026$0.1484 on Oct 16, 2026
Ex-dividend dateOct 1, 2026Oct 15, 2026
Price$55.96$25.48
Dividend growth streak1 year—
Beta0.841.04
Max drawdown (5Y)-100.0%-24.4%
Market cap$1.16B$154.0M
ExchangeNASDAQCBOE
Expense ratio0.35%0.97%
Assets under management$6.24B$154.6M
Number of holdings4884
Top 10 concentration39.4%190.9%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

GPIX

$68.30/mo

$820 /yr at 8.20% yield

RDTE

$368.32/mo

$4420 /yr at 44.20% yield

Dividend history
Total dividends paid per share in each calendar year. GPIX pays monthly; RDTE pays weekly.
YearGPIXRDTE
2025$4.2301$13.6433
2024$3.9993—
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.

Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.

What GPIX vs RDTE actually do

GPIX
The S&P 500 sibling of Goldman Sachs's premium income range, holding large-cap US equity with a dynamic call-writing overlay.

The fund writes calls on a varying portion of the portfolio rather than a fixed slice, so the manager can lean into premium when volatility is rich and pull back when it is not. Because the underlying index is broader and less volatile than the Nasdaq-100, the premium collected is lower and the distribution is smaller than the technology-focused version. Like its sibling, it is priced far closer to a plain index fund than to a typical derivative-income product.

Suits an investor who wants most of the S&P 500 experience with a meaningfully larger cash payout and low fee drag. Not for someone who wants either an untouched index return or the largest distribution on the shelf.

Balanced income and growth

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Sep 10, 2024 would now be worth $13,195 in GPIX and $9,497 in RDTE.
PeriodGPIXRDTE
1 month0.43%-4.93%
3 months1.69%-11.16%
Year to date6.75%-13.22%
1 year8.41%-20.72%
3 years567.78%—
5 years——
  • GPIX
  • RDTE
8611113720242025202613295

Both series indexed to 100 on 2024-09-10 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • GPIX
  • RDTE
0%10%19%29%39%Technology38.8%14.5%Financial Services15.2%18.0%Healthcare9.5%20.9%Industrials7.3%13.3%Consumer Cyclical9.0%8.6%Energy3.7%6.4%Communication Services6.5%2.3%Real Estate1.7%6.4%Consumer Defensive4.6%2.6%Basic Materials1.8%4.3%Other2.0%2.7%
GPIX vs RDTE holdings overlap
At least 0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.

GPIX488 holdings total

NameWeight
NVDANVIDIA CORPORATION7.99%
AAPLAPPLE INC.7.55%
MSFTMICROSOFT CORPORATION5.99%
AMZNAMAZON.COM INC3.81%
XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR3.77%
GOOGLALPHABET INC.3.36%
AVGOBROADCOM INC.2.34%
MUMICRON TECHNOLOGY, INC.1.55%
METAMETA PLATFORMS INC-CLASS A1.54%
BRK-BBERKSHIRE HATHAWAY INC.1.51%

RDTE4 holdings total

NameWeight
4IWM 271119C00027810IWM 11/19/2027 27.81 C89.61%
4RUT 270319C00252300RUT 03/19/2027 252.3 C47.70%
4RUT 261218C002462004RUT US 12/18/26 C246.2 FLX43.79%
WEEKRoundhill Weekly T-Bill ETF6.77%
FGXXXFirst American Government Obligations Fund 12/01/20313.04%

Quick verdict

GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. RDTE fits better if you care most about more income today and smaller drawdowns. Model the holding inside your real portfolio before deciding.

Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how GPIX vs RDTE fits with the rest of your holdings. Free to start — no credit card required for the trial.
Start freeInteractive DRIP compare

Frequently asked questions

Is GPIX or RDTE better for dividend income?
It depends on your goals. GPIX currently yields 8.20% Trailing Twelve Months (TTM) while RDTE yields 44.20%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between GPIX and RDTE?
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF listed on NASDAQ. Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF (RDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, GPIX or RDTE?
GPIX has the lower expense ratio. GPIX charges 0.35% a year and RDTE charges 0.97%, a difference of $62 a year on a $10,000 investment.
Which has performed better, GPIX or RDTE?
Over the last 1 year, GPIX has the higher total return with dividends reinvested: GPIX returned 8.4% and RDTE returned -20.7%. Past performance does not predict future returns.
Which is riskier, GPIX or RDTE?
Measured by the worst peak-to-trough decline over the last five years, GPIX has been riskier: GPIX fell as much as 100.0% and RDTE as much as 24.4%. Their betas are 0.84 and 1.04.
How often do GPIX and RDTE pay dividends?
GPIX pays monthly and RDTE pays weekly.
How much income does $10,000 in GPIX vs RDTE generate?
At current TTM yields, $10,000 in GPIX would generate roughly $68.30 per month ($820 annually). The same amount in RDTE would produce about $368.32 per month ($4420 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIX and RDTE?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare GPIX vs RDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIX and RDTE fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

Related comparisons

For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.