Goldman Sachs launched the S&P 500 Premium Income ETF (GPIX) in October 2023, offering a similar income strategy to JPMorgan's JEPI but with a structural tweak that allows more equity upside capture. While both ETFs pay monthly income near 8.2%, GPIX returned 73.52% from launch to mid-2026, significantly outperforming JEPI's 31.57% return over a similar period. GPIX writes calls on part of its S&P 500 holdings, preserving more upside, whereas JEPI uses equity-linked notes against a low-volatility basket, limiting gains during rallies. Investors seeking income plus growth may consider adding GPIX alongside JEPI, while JEPI remains preferable for capital preservation in downturns. Tax considerations favor switching within tax-advantaged accounts.
On December 1, 2025, YieldMax Ultra Option Income Strategy ETF (ULTY) executed a 1-for-10 reverse split, raising its share price tenfold but not increasing investor value. The fund charges a high 1.24% expense ratio, significantly more than comparabl...
Global X S&P 500 Covered Call ETF (XYLD) offers monthly income by selling at-the-money calls on the S&P 500, but this strategy limits upside gains. Over the past five years, XYLD returned 45.15%, well below the S&P 500's 73.34% price gain, reflecting...
The ProShares S&P 500 High Income ETF (ISPY) charges 0.56% annually for a daily covered call strategy that resets option ceilings daily, allowing more upside participation in the S&P 500 compared to monthly call funds. This approach, supported by lev...
YieldMax Universe Fund (YMAX) has seen its weekly distributions drop sharply from $0.7317 in May 2024 to $0.0709 in July 2026. This decline is largely due to its high 1.33% expense ratio and additional fees from underlying option-income ETFs it holds...
The NEOS S&P 500 High Income ETF (SPYI) recently surpassed $10 billion in assets, offering a roughly 12% annualized yield, higher than JPMorgan's JEPI fund which yields in the high single digits. SPYI holds the S&P 500 directly and writes index optio...
