Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETF

GPIX

Market cap $2.75B

It's historically rare to see a three-year winning streak of 20% or more for the S&P 500, but the index certainly came close last year.

If you have been following the tech market lately, you have probably noticed that the Magnificent 7, the top companies in the U.S. technology sector, are commanding attention like never before. But what if you could stay invested in these companies and also collect extra income along the way?

The Goldman Sachs S&P 500 Premium Income ETF offers high income and upside via a covered call strategy focused on Magnificent 7 tech stocks. GPIX has outperformed SPYI by 10.25 PP since inception,  delivering an attractive 8% yield and strong total returns. The ETF writes options on 25–75% of fund assets, balancing income generation with potential NAV appreciation in strong tech markets.

GPIX varies its covered call portfolio coverage (overwrite) levels dynamically depending on market conditions such as the S&P 500's volatility. This allows GPIX to capture a lot of the S&P 500's upside and show stronger performance compared to other covered call ETFs in bull markets. Although GPIX does show higher downside capture and may fall more in downtrends, it will show much faster recovery, which makes up for this shortfall.

Dividend investing is increasingly vital amid higher rates and inflation, offering passive income and wealth compounding for retirement. Anchoring a portfolio with quality dividend ETFs like SCHD, FDVV, or CGDV can provide reliable income and potential outperformance. Combining high dividend growers (e.g., V, MA, WM) with stable high-yielders (e.g., VZ, O, ADC, STWD) balances growth and income.

A $600,000 portfolio split equally among GPIX, GPIQ, SPYI, and QQQI can generate ~$5,387 in monthly income with ~10.7% yield. Covered call ETFs provide direct equity exposure to S&P 500 and Nasdaq-100 constituents, offering diversification, capital appreciation, and tax-efficient monthly distributions. Dynamic option strategies in these ETFs allow for market-responsive income generation, with high return-of-capital percentages enhancing tax deferral benefits.

The book on 2025 is officially closed. With its end comes plenty of data for investors to review and learn from, from returns to yields and everything in between.

Goldman Sachs S&P 500 Premium Income ETF remains a buy for investors seeking high monthly income with equity exposure. GPIX's dynamic option writing strategy provides tax-efficient 8% yield and resilience in choppy or flat S&P 500 scenarios. While GPIX underperforms SPY in strong bull markets, it offers superior risk-adjusted returns versus debt-focused alternatives.

The rebound that began in April on stock markets around the world is leading to a positive double-digit year-end close for Wall Street. This increase has been partially reflected in my portfolio, which focuses on high-dividend securities, showing a gain of more than 6% against the cost basis. In addition, there has been a recent flurry of positive news regarding various special year-end distributions announced by several funds in my portfolio.

Of the myriad ways investors can assess a fund's momentum, flows offer a unique view.