GPIX vs SPY: Dividend Yield, Total Return & Fees Compared
Goldman Sachs S&P 500 Core Premium Income ETFSPDR S&P 500 ETF Trust
Data as of the close · refreshed automatically every trading day
Performance: GPIX vs SPY
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026
DividendDuel.comGPIX vs SPY at a glance
This page compares Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) with SPDR S&P 500 ETF Trust (SPY) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.
With dividends reinvested, GPIX has led over the last 12 months at +14.25% versus +13.39% for SPY. GPIX currently yields 8.43% (trailing 12-month) against 1.01% for SPY.
GPIX leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.
| Metric | GPIX | SPY |
|---|---|---|
| Last close | $54.54 | $752.69 |
| Dividend yield | 8.43% (TTM) | 1.01% (TTM) |
| Expense ratio | 0.35% | 0.09% |
| Pays | monthly | quarterly |
| Dividends, last 12 months | $4.60 (12 payments) | $7.58 (4 payments) |
| Issuer | Goldman Sachs | SPDR |
| Inception | — | — |
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Downside and distribution variability
Income and ending returns do not describe the whole investment experience.
Across 762 shared trading dates from October 26, 2023 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -17.49% for GPIX and -18.76% for SPY. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.
GPIX's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.3534 to $0.3974 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
SPY's recorded distributions over the 12 months ending November 9, 2026 ranged from $1.80 to $1.99 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.
Recent distributions
The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.
| GPIX | SPY | ||
|---|---|---|---|
| Nov 2, 2026 | $0.3885 | Sep 18, 2026 | $1.89 |
| Oct 1, 2026 | $0.397 | Jun 18, 2026 | $1.90 |
| Sep 1, 2026 | $0.3974 | Mar 20, 2026 | $1.80 |
| Aug 3, 2026 | $0.3916 | Dec 19, 2025 | $1.99 |
| Jul 1, 2026 | $0.3937 | Sep 19, 2025 | $1.83 |
| Jun 1, 2026 | $0.3969 | Jun 20, 2025 | $1.76 |
| May 1, 2026 | $0.3831 | Mar 21, 2025 | $1.70 |
| Apr 1, 2026 | $0.3534 | Dec 20, 2024 | $1.97 |
| Mar 2, 2026 | $0.3718 | Sep 20, 2024 | $1.75 |
| Feb 2, 2026 | $0.3763 | Jun 21, 2024 | $1.76 |
| Jan 2, 2026 | $0.3755 | Mar 15, 2024 | $1.59 |
| Dec 1, 2025 | $0.3741 | Dec 15, 2023 | $1.91 |
GPIX vs SPY: common questions
Which pays a higher dividend, GPIX or SPY?
As of November 9, 2026, GPIX yields 8.43% (trailing 12-month) and SPY yields 1.01% (trailing 12-month), so GPIX currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, GPIX or SPY?
Over the past year with dividends reinvested, GPIX returned +14.25% and SPY returned +13.39%. Past performance does not predict future results.
What would $10,000 in GPIX vs SPY be worth after one year?
With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,425 in GPIX and $11,339 in SPY.
Which is cheaper to own, GPIX or SPY?
SPY has the lower expense ratio at 0.09% a year, compared with 0.35% for GPIX. On $10,000 that is roughly $9 vs $35 a year.
How often do GPIX and SPY pay dividends?
GPIX pays monthly (12 payments in the last 12 months) and SPY pays quarterly (4 payments).
Is GPIX or SPY the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Research GPIX and SPY beyond the yield
Use the same dates to compare an income strategy with its index alternative. Look at both reinvested total return and price return before using either fund's payout rate in an income scenario.
Review Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) payment history and SPDR S&P 500 ETF Trust (SPY) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.
For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.
Related comparisons
More side-by-side comparisons with GPIX and SPY.
Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.