Dividend comparison

GPIX vs XDTE: 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 - S&P 500 0DTE Covered Call Strategy ETF, side by side. Updated October 21, 2026.

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GPIX vs XDTE: 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 XDTE. On $10,000 that is $62 a year less in fees.
  • Income. XDTE pays more income, yielding 30.05% over the last twelve months versus 8.20% for GPIX. That is about $2,185 more a year on $10,000. GPIX pays monthly, XDTE pays weekly.
  • Performance. Over the last 1 year, GPIX returned 8.4% versus -11.3% for XDTE, with dividends reinvested. $10,000 would have grown to $10,841 in GPIX and $8,872 in XDTE.
  • Risk. GPIX has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -100.0%, against -19.1% for XDTE.
  • Diversification. GPIX holds 488 positions and XDTE holds 6. The ten largest positions make up 39.4% of GPIX and 192.2% of XDTE.
  • Size. GPIX is the larger fund with $6.2 billion in assets, against $324 million for XDTE.

Bottom line: GPIX fits better if you care most about lower fees, stronger 1-year returns and broader diversification. XDTE 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
XDTE
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
Dividend yield (TTM)8.20%30.05%
Dividend / share (TTM)$4.59$11.46
Payout frequencyMonthlyWeekly
Last dividend$0.3970 on Oct 7, 2026$0.1440 on Oct 16, 2026
Ex-dividend dateOct 1, 2026Oct 15, 2026
Price$55.96$38.14
Dividend growth streak1 year—
Beta0.840.92
Max drawdown (5Y)-100.0%-19.1%
Market cap$1.16B$322.3M
ExchangeNASDAQCBOE
Expense ratio0.35%0.97%
Assets under management$6.24B$324.2M
Number of holdings4886
Top 10 concentration39.4%192.2%
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

XDTE

$250.41/mo

$3005 /yr at 30.05% yield

Dividend history
Total dividends paid per share in each calendar year. GPIX pays monthly; XDTE pays weekly.
YearGPIXXDTE
2025$4.2301$13.4830
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 XDTE 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 Mar 7, 2024 would now be worth $14,046 in GPIX and $11,281 in XDTE.
PeriodGPIXXDTE
1 month0.43%-0.57%
3 months1.69%-0.88%
Year to date6.75%-3.86%
1 year8.41%-11.28%
3 years567.78%—
5 years——
  • GPIX
  • XDTE
94120146202420252026140113

Both series indexed to 100 on 2024-03-07 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
  • XDTE
0%10%20%29%39%Technology38.8%39.0%Financial Services15.2%11.1%Consumer Cyclical9.0%9.9%Healthcare9.5%8.3%Communication Services6.5%10.6%Industrials7.3%7.8%Consumer Defensive4.6%4.5%Energy3.7%3.1%Utilities2.0%2.1%Basic Materials1.8%1.7%Other1.7%1.8%
GPIX vs XDTE 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%

XDTE6 holdings total

NameWeight
4SPY 271119C00077430SPY 11/19/2027 77.43 C89.76%
4SPX 270319C00678800SPX 03/19/2027 678.8 C67.92%
4SPX 270611C00678800SPX 06/11/2027 678.8 C24.55%
WEEKRoundhill Weekly T-Bill ETF7.48%
FGXXXFirst American Government Obligations Fund 12/01/20312.52%

Quick verdict

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

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Frequently asked questions

Is GPIX or XDTE better for dividend income?
It depends on your goals. GPIX currently yields 8.20% Trailing Twelve Months (TTM) while XDTE yields 30.05%. 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 XDTE?
Goldman Sachs S&P 500 Premium Income ETF (GPIX) is an ETF listed on NASDAQ. Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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 XDTE?
GPIX has the lower expense ratio. GPIX charges 0.35% a year and XDTE charges 0.97%, a difference of $62 a year on a $10,000 investment.
Which has performed better, GPIX or XDTE?
Over the last 1 year, GPIX has the higher total return with dividends reinvested: GPIX returned 8.4% and XDTE returned -11.3%. Past performance does not predict future returns.
Which is riskier, GPIX or XDTE?
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 XDTE as much as 19.1%. Their betas are 0.84 and 0.92.
How often do GPIX and XDTE pay dividends?
GPIX pays monthly and XDTE pays weekly.
How much income does $10,000 in GPIX vs XDTE generate?
At current TTM yields, $10,000 in GPIX would generate roughly $68.30 per month ($820 annually). The same amount in XDTE would produce about $250.41 per month ($3005 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both GPIX and XDTE?
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 XDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how GPIX and XDTE 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.

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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.