At a glance
- An advisor choosing between the two is effectively choosing between the Nasdaq-100 and the S&P 500, a decision worth a 2.1 percentage point gap in year-to-date total return.
- GPIQ crossed $5 billion in August, this publication reported at the time, and each fund now holds about $6.3 billion.
- GPIQ's trailing 12-month distribution rate was 9.86% as of Sept. 30, compared with 8.17% for GPIX, according to Goldman Sachs data cited in the report.
GPIQ, Goldman Sachs' Nasdaq-100 premium income ETF, took $600 million of inflows in a month, while GPIX, its S&P 500 counterpart, took $500 million, according to ETF Database data cited by ETF Trends.
Both funds charge 29 basis points and run the same overlay: they sell call options on 25% to 75% of holdings and may use FLEX options while adding dividend income, the report says.
An advisor choosing between the two is effectively choosing between the Nasdaq-100 and the S&P 500, a decision worth a 2.1 percentage point gap in year-to-date total return. GPIQ returned 15.9% versus 13.8% for GPIX, per ETF Database data.
GPIQ crossed $5 billion in August, this publication reported at the time, and each fund now holds about $6.3 billion. Both have added about $4.5 billion over the past 12 months, the report says, and the month's inflows equal roughly 10% of GPIQ's assets and 8% of GPIX's.
GPIQ's trailing 12-month distribution rate was 9.86% as of Sept. 30, compared with 8.17% for GPIX, according to Goldman Sachs data cited in the report. Those rates cover distributions over 12 months; the 15.9% and 13.8% figures are year-to-date total returns.
Within the 25% to 75% band, managers set the coverage ratio, which determines how much index upside the overlay trades away for its premium.
Reported by The Tape desk from ETF Trends, ETF Database and Goldman Sachs. Published . Corrections