Dividend comparison
GPIX vs VOO: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Goldman Sachs S&P 500 Premium Income ETF and Vanguard S&P 500 ETF, side by side. Updated October 21, 2026.
- Fees. VOO is cheaper at 0.03% a year versus 0.35% for GPIX. On $10,000 that is $32 a year less in fees.
- Income. GPIX pays more income, yielding 8.20% over the last twelve months versus 1.05% for VOO. That is about $715 more a year on $10,000. GPIX pays monthly, VOO pays quarterly.
- Performance. Over the last 3 years, GPIX returned 567.8% versus 89.2% for VOO, with dividends reinvested. $10,000 would have grown to $66,778 in GPIX and $18,923 in VOO.
- Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -100.0%, against -24.5% for VOO.
- Diversification. VOO holds 505 positions and GPIX holds 488. The ten largest positions make up 39.4% of GPIX and 39.1% of VOO.
- Overlap. At least 68% of the two portfolios overlap by weight, across 85 shared holdings.
- Size. VOO is the larger fund with $1.7 trillion in assets, against $6.2 billion for GPIX.
Bottom line: GPIX fits better if you care most about more income today and stronger 3-year returns. VOO fits better if you care most about lower fees and smaller drawdowns.
| Metric | GPIX Goldman Sachs S&P 500 Premium Income ETF | VOO Vanguard S&P 500 ETF |
|---|---|---|
| Dividend yield (TTM) | 8.20% | 1.05% |
| Dividend / share (TTM) | $4.59 | $7.43 |
| Payout frequency | Monthly | Quarterly |
| Last dividend | $0.3970 on Oct 7, 2026 | $1.8226 on Sep 30, 2026 |
| Ex-dividend date | Oct 1, 2026 | Sep 28, 2026 |
| Dividend growth (CAGR) | — | 6.8% over 4 yrs |
| Price | $55.96 | $706.80 |
| Dividend growth streak | 1 year | 5 years |
| Beta | 0.84 | 1.01 |
| Max drawdown (5Y) | -100.0% | -24.5% |
| Market cap | $1.16B | $1.70T |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.35% | 0.03% |
| Assets under management | $6.24B | $1.70T |
| Number of holdings | 488 | 505 |
| Top 10 concentration | 39.4% | 39.1% |
GPIX
$68.30/mo
$820 /yr at 8.20% yield
VOO
$8.76/mo
$105 /yr at 1.05% yield
| Year | GPIX | VOO |
|---|---|---|
| 2025 | $4.2301 | $7.0678 |
| 2024 | $3.9993 | $6.7035 |
| 2023 | — | $6.3572 |
| 2022 | — | $5.9467 |
| 2021 | — | $5.4367 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What GPIX vs VOO actually do
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
It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.
Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.
Core holding
| Period | GPIX | VOO |
|---|---|---|
| 1 month | 0.43% | 0.97% |
| 3 months | 1.69% | 3.87% |
| Year to date | 6.75% | 13.68% |
| 1 year | 8.41% | 15.84% |
| 3 years | 567.78% | 89.23% |
| 5 years | — | 81.78% |
- GPIX
- VOO
Both series indexed to 100 on 2023-10-19 using the adjusted closing price series. Past performance does not guarantee future results.
- GPIX
- VOO
| Largest shared holdings | GPIX weight | VOO weight |
|---|---|---|
| NVDANVIDIA CORPORATION | 7.99% | 8.39% |
| AAPLAPPLE INC. | 7.55% | 7.38% |
| MSFTMICROSOFT CORPORATION | 5.99% | 5.78% |
| AMZNAMAZON.COM INC | 3.81% | 3.71% |
| GOOGLALPHABET INC. | 3.36% | 3.07% |
| AVGOBROADCOM INC. | 2.34% | 2.54% |
| MUMICRON TECHNOLOGY, INC. | 1.55% | 1.83% |
| METAMETA PLATFORMS INC-CLASS A | 1.54% | 2.43% |
| TSLATESLA INC. | 1.48% | 1.52% |
| BRK-BBERKSHIRE HATHAWAY INC. | 1.51% | 1.41% |
GPIX488 holdings total
| Name | Weight |
|---|---|
| NVDANVIDIA CORPORATION | 7.99% |
| AAPLAPPLE INC. | 7.55% |
| MSFTMICROSOFT CORPORATION | 5.99% |
| AMZNAMAZON.COM INC | 3.81% |
| XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR | 3.77% |
| GOOGLALPHABET INC. | 3.36% |
| AVGOBROADCOM INC. | 2.34% |
| MUMICRON TECHNOLOGY, INC. | 1.55% |
| METAMETA PLATFORMS INC-CLASS A | 1.54% |
| BRK-BBERKSHIRE HATHAWAY INC. | 1.51% |
Quick verdict
GPIX fits better if you care most about more income today and stronger 3-year returns. VOO fits better if you care most about lower fees and smaller drawdowns. Model the holding inside your real portfolio before deciding.
Frequently asked questions
Is GPIX or VOO better for dividend income?
What is the difference between GPIX and VOO?
Which is cheaper, GPIX or VOO?
Which has performed better, GPIX or VOO?
Which is riskier, GPIX or VOO?
How much do GPIX and VOO overlap?
How often do GPIX and VOO pay dividends?
How much income does $10,000 in GPIX vs VOO generate?
Can I hold both GPIX and VOO?
Where can I compare GPIX vs VOO with my full portfolio?
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.