The Goldman Sachs S&P 500 Premium Income ETF (GPIX) returned about 17% with distributions reinvested from October 16, 2025 to October 16, 2026, nearly double the roughly 9% of the JPMorgan Equity Premium Income ETF (JEPI), even though their yields were close (8.3% vs 8%). The gap comes from structure: GPIX owns the S&P 500 at full index weight and writes calls on only part of its holdings, so it captures much of the rally, and it holds 6.5% in Apple versus 1.5% in JEPI. JEPI holds a lower-volatility basket of large caps and earns option income through equity-linked notes issued by several banks, which caps its upside and adds counterparty risk. JEPI is still much larger, with $45 billion in net assets versus GPIX's $4.7 billion as of its June 30, 2026 filing. Option premiums and monthly payouts for both funds vary with volatility, so neither yield is guaranteed.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Bank of America CEO : The good news is that the US consumer is still spending strongly – The Irish Times
The yield on 10-year US Treasury bonds has risen by more than a third since late February, reaching 5.36%, its highest in 24 years, largely due to debate over Federal Reserve rate policy. Bank of America CEO Brian Moynihan said his economists expect three more Fed rate increases before inflation eases in 2028, yet he argued that US consumers are still spending strongly. Bank of America shares fell into bear-market territory after a 17% drop in third-quarter profit and a $1.2 billion fine over failures to detect potential money laundering. The IMF forecasts US GDP growth of 2.3% both this year and next, with consumers, who account for two-thirds of the economy, expected to spend about $22 trillion this year.
Related markets
Latest news
- Pre-IPO Anduril Stock Climbs 50% in 5 Months
Anduril has filed notice of a tender offer that would let some employees sell stock and options, valuing the company at roughly $90 billion. That is 48% above the $61 billion valuation from a May 2026 funding round and about three times its June 2025 level. Reuters projects $4.3 billion in sales this year, which the author calculates at about 21 times sales, and estimates Anduril will lose $1 billion this year, with a first profit possibly not before 2030. Anduril also plans to spend $3.7 billion on a shipyard producing submarine parts for the U.S. Navy, a highly capital-intensive project. The author admires the company but argues that as an IPO and a stock, Anduril is likely to look vastly overpriced.
- Forget GLD. Investors Sent $500 Million to the Cheaper SPDR Gold Fund
Investors put $499.8 million into SPDR Gold MiniShares Trust (GLDM) as of October 14, 2026, versus $181.5 million into the much larger SPDR Gold Shares (GLD). GLDM charges 0.10% a year against GLD's 0.40%, which means $10 versus $40 in annual fees on every $10,000 invested. GLD remains far more liquid, with roughly $1.66 billion traded by mid-afternoon Thursday against about $184 million for GLDM. The article says GLDM suits long-term and new-money buyers, while GLD's liquidity and options market matter more to active traders and options writers. Selling appreciated GLD outside a tax-sheltered account can trigger tax at up to 28%, so investors should review each lot first.
- Nasdaq Jumps Past 1 Percent as VIX Swings While Dow Dips Below Its 50 - Day Line
The Nasdaq Composite rose 1.11% and the S&P 500 gained 0.66% in a session led by big tech, while the Dow Jones Industrial Average slipped 0.07% and settled just under its 50-day EMA near 52,010. The VIX fell 1.55 points to 18.44, even as the Nasdaq-100 volatility gauge jumped 4.24 points. The indexes closed at 7,709.63 for the S&P 500, 26,430.89 for the Nasdaq Composite, 51,966.03 for the Dow and 2,728.30 for the Russell 2000. WTI crude closed at $98.41 per barrel and gold at $4,157.80 per ounce, while the 10-year Treasury yield rose to 5.14%. The article also covers Lockheed Martin and F.N.B. Corporation, which reported third-quarter net income of $152.9 million, or $0.43 per diluted share.
- 44% Of Americans Have Trouble Paying For Basic Necessities As Lifetime Cost Of The American Dream Tops $5 Million
A Pew Research Center survey found 44% of Americans had trouble paying for at least one basic necessity in the past year, and 27% could not pay some monthly bills in full. An Investopedia analysis puts the lifetime cost of the American Dream at $5.32 million in 2026, up 4.1% from $5.11 million a year earlier, with homeownership costs rising 7.7%. The article reports consumer prices rose 0.6% in September and 3.7% over 12 months, above the 3.6% economists expected, mainly due to energy costs. It adds that the 6.32% mortgage rate used in its homeownership estimate no longer applies, because average 30-year mortgage rates are now well over 7%.
- Pfizer Stock Is Finally Showing Signs of Life. Could This Be the Start of a Much Bigger Rally?
Pfizer shares, long overlooked despite solid fundamentals and an attractive valuation, have climbed 18% so far this year, their best performance since 2021, though they remain about 30% lower over five years. The article suggests investors may be rotating from tech into healthcare, citing recent moves in two exchange-traded funds. Pfizer's yield of 5.8% is more than five times the S&P 500 average of 1%. Its trailing P/E of 37 looks high because restructuring and impairment charges weigh on earnings, but its forward P/E of about 10 suggests the stock is still undervalued. The author believes the market will eventually recognise this, although long-term growth questions remain.
- Federal deficit last year was largest since pandemic and voters are noticing
The U.S. federal deficit reached $2 trillion in fiscal year 2026, its highest level since 2021 and more than 6% of GDP, while interest costs alone exceeded $1 trillion, or about $3 billion per day. Treasury Secretary Scott Bessent blamed tariff refunds, the Iran war and high interest rates, and said economic growth would lower the deficit-to-GDP ratio. Many experts doubt growth alone can solve the problem, pointing to an aging population, fewer workers and projected deaths exceeding births within four years. A poll cited by the Peter G. Peterson Foundation found that 92% of voters are concerned debt is pushing up inflation, and 84% say a plan to address it is a deciding factor in supporting a candidate. Social Security and Medicare are projected to become insolvent in 2032 and 2033, and fiscal watchdogs are urging Congress to act.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.