GCOR vs SPY
GCOR vs SPY
Goldman Sachs Access US Aggregate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
GCOR has a lower expense ratio. SPY delivered stronger 1-year returns. GCOR offers more diversification with 1058 holdings.
Side-by-Side Comparison
| Metric | GCOR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $790M | $789.1B | |
| Dividend Yield | 4.13% | 1.01% | |
| Holdings | 1,741 | 505 | |
| YTD Return | -0.28% | +13.28% | |
| 1Y Return | +2.05% | +23.94% | |
| 3Y Return (annualized) | +3.89% | +21.07% | |
| 5Y Return (annualized) | -0.68% | +13.27% | |
| Volatility (annualized) | 6.2% | 15.3% | |
| Max Drawdown | -19.1% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 8, 2020 | Jan 22, 1993 |
GCOR vs SPY Performance
Goldman Sachs Access US Aggregate Bond ETF (GCOR) is a ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GCOR returned +2.05% while SPY returned +23.94%. Year to date, GCOR is down 0.28% versus a gain of 13.28% for SPY.
Over three years, GCOR compounded at +3.89% per year against +21.07% for SPY; over five years the annualized figures are -0.68% and +13.27% respectively. Across the full 6-year window we track, SPY has the edge at +8.84% annualized vs -0.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.2% for GCOR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.1% for GCOR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GCOR charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, GCOR currently yields 4.13% against 1.01% for SPY.
Holdings Overlap
GCOR and SPY share 0 holdings out of 1561 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GCOR or SPY?
GCOR has an expense ratio of 0.08% while SPY charges 0.09%. GCOR is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, GCOR or SPY?
Over the past year GCOR returned +2.05% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), GCOR annualized -0.66% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, GCOR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.2% for GCOR. Worst drawdown: GCOR -19.1% vs SPY -56.5%.
Should I hold both GCOR and SPY?
GCOR and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GCOR and SPY?
GCOR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1561 unique securities.
Which pays a higher dividend, GCOR or SPY?
GCOR yields 4.13% while SPY yields 1.01%, so GCOR currently pays the higher dividend yield.
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