GPIX vs JEPI: Income Fund Comparison

Goldman Sachs S&P 500 Core Premium Income ETF - US (GPIX) and JPMorgan Equity Premium Income ETF - US (JEPI) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.

GPIX: Gross expense ratio is 0.35 - quite low. JEPI: Expense ratio is 0.35% which is low for an options-based income ETF. GPIX fund inception date was Oct 24 2023. JEPI fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date. Full Dependability and Return scores for both funds are available in the app.

GPIX JEPI
Fund Name Goldman Sachs S&P 500 Core Premium Income ETF - US JPMorgan Equity Premium Income ETF - US
Fund Type Index Based Fund Diversified Fund
Exchange NYSE/NASDAQ NYSE/NASDAQ
Last Reviewed 2025-12-09 2026-03-06
Author , Income Investing Analyst
GPIX
JEPI
Overall Score
Dependability

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Fund Attributes: GPIX vs JEPI 20% of overall score

Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.

Criterion
GPIX
JEPI
Expense Ratio
4/5

Gross expense ratio is 0.35 - quite low.

4/5

Expense ratio is 0.35% which is low for an options-based income ETF.

Fund Company Size
5/5

Goldman Sachs manages nearly 3 trillion in assets.

5/5

J.P. Morgan Asset Management has trillions in assets under management - one of the largest asset managers in the world.

Fund History
3/5

Fund inception date was Oct 24 2023.

5/5

Fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date.

Fund AUM
5/5

Fund has about 2.4 Billion under management.

5/5

Approximately $44.58 Billion in assets under management as of March 2026. One of the most popular income ETFs in the world.

Risk: GPIX vs JEPI 35% of overall score

Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.

Criterion
GPIX
JEPI
Volatility
4/5

Beta is 0.86 for this fund which is better than the average market.

4/5

Beta is 0.58 vs SPY (2020-05-29 to 2026-03-06) - significantly lower than the market. Very low volatility for an income fund.

Lower volatility may indicate more stability — important for investors living off their income.
Sector Diversification
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Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
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Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
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The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
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What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.

See the full Risk analysis for both GPIX and JEPI — volatility ratings, diversification scores, and analyst notes.

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Return: GPIX vs JEPI 45% of overall score

Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.

Criterion
GPIX
JEPI
Yield
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The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
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How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
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The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
4/5

The fund pays monthly distributions.

4/5

Monthly distributions.

How often the fund pays distributions — monthly payments are generally preferred by income investors.

See the full Return analysis for both GPIX and JEPI — yield ratings, distribution consistency scores, and capital history.

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Our Review Methodology

Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.

We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?

Full scores, ratings, and analyst notes for both GPIX and JEPI are available in the Dependable Income Investing app.

See our full scoring methodology →

Frequently Asked Questions: GPIX vs JEPI

Which has a lower expense ratio, GPIX or JEPI?

GPIX: Gross expense ratio is 0.35 - quite low.
JEPI: Expense ratio is 0.35% which is low for an options-based income ETF.

Which fund has more assets under management, GPIX or JEPI?

GPIX: Fund has about 2.4 Billion under management.
JEPI: Approximately $44.58 Billion in assets under management as of March 2026. One of the most popular income ETFs in the world.

Which fund has been trading longer, GPIX or JEPI?

GPIX: Fund inception date was Oct 24 2023.
JEPI: Fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date.

Who manages GPIX vs JEPI?

GPIX: Goldman Sachs manages nearly 3 trillion in assets.
JEPI: J.P. Morgan Asset Management has trillions in assets under management - one of the largest asset managers in the world.

Where can I see the full GPIX vs JEPI comparison with scores?

The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.

What is the difference between GPIX and JEPI?

Goldman Sachs S&P 500 Core Premium Income ETF - US is a Index Based Fund. Gross expense ratio is 0.35 - quite low. JPMorgan Equity Premium Income ETF - US is a Diversified Fund. Expense ratio is 0.35% which is low for an options-based income ETF. Full comparison including Dependability Score is available in the Dependable Income Investing app.

Which is better for income investors, GPIX or JEPI?

GPIX: Gross expense ratio is 0.35 - quite low. Fund inception date was Oct 24 2023. JEPI: Expense ratio is 0.35% which is low for an options-based income ETF. Fund inception date was May 20th 2020 - approximately 5.8 years of history as of review date. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.

Do GPIX and JEPI pay monthly distributions?

GPIX: The fund pays monthly distributions. JEPI: Monthly distributions. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.

See the Full GPIX vs JEPI Comparison

The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.

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