# Goldman's Income Fund Outpaces JEPI in Returns and Consistency

> Goldman Sachs' GPIX ETF now leads JEPI with steady monthly payments and stronger returns across all timeframes.
- Title: Goldman's Income Fund Outpaces JEPI in Returns and Consistency
- Summary: Goldman Sachs' GPIX ETF now leads JEPI with steady monthly payments and stronger returns across all timeframes. Goldman Sachs' S&P 500 Premium Income ETF…
- Keywords: goldman sachs, gpix, jepi, s&p 500, covered call, etf, monthly payment, investment returns, Goldman's, Income, Fund, Outpaces
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/10/forget-jepi-goldmans-income-fund-held-its-payment-steady-while-jepis-shrank
- Author: Ryne Mauck
- Published: 2026-10-10T20:03:44+00:00
- Read time: 1 min
- Topics: goldman sachs, gpix, jepi, s&p 500, covered call, etf, monthly payment, investment returns
## JEPI Dominates Covered-Call Space
JEPI has dominated the covered-call income space for years but a younger Goldman Sachs rival has been quietly outpacing it on both total return and monthly payment consistency.
## GPIX Pays More in October
On an identical $100,000 position, GPIX paid $707.45 in October compared with JEPI's $602.54.
## GPIX Outperforms JEPI Year-Over-Year
Over the past year, GPIX returned 17.4% against JEPI's 7.9%, a gap of 9.5 points.
## GPIX Leads on All Timeframes
GPIX leads JEPI across year-to-date, monthly, and one-year returns windows with a consistent lead.
## October 28 Fed Meeting Impact
The FOMC begins a two-day meeting on October 27, 2026, and releases its decision on October 28 at 2:00 PM ET.
## Fed Rate Decisions Affect Both Funds
A rate increase would let Treasury bills and money market funds pay more, which makes them stronger competition for equity income funds.
## GPIX's Short Record Weakness
GPIX's price history begins October 26, 2023, with no five-year or ten-year record compared to JEPI's longer track record.
## Key takeaway

Goldman Sachs' S&P 500 Premium Income ETF (GPIX) outperformed JEPI in monthly payments and returns over the past year, month, and day.