GK vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricGKSPYWinner
Expense Ratio0.77%0.09%
AUM$30M$789.1B
Dividend Yield0.07%1.01%
Holdings32505
YTD Return+14.16%+13.50%
1Y Return+17.95%+23.56%
3Y Return (annualized)+18.06%+21.17%
5Y Return (annualized)+2.74%+13.46%
Volatility (annualized)23.4%15.3%
Max Drawdown-47.7%-56.5%
Fund FamilyAdvisor SharesState Street Investment Management
CategoryEquityEquity
InceptionJul 1, 2021Jan 22, 1993

GK vs SPY Performance

AdvisorShares Gerber Kawasaki ETF (GK) is a ETF from Advisor Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GK returned +17.95% while SPY returned +23.56%. Year to date, GK is up 14.16% versus a gain of 13.50% for SPY.

Over three years, GK compounded at +18.06% per year against +21.17% for SPY; over five years the annualized figures are +2.74% and +13.46% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +3.30%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

GK has been the more volatile fund, with annualized monthly volatility of 23.4% compared with 15.3% for SPY. 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 -47.7% for GK 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

GK charges 0.77% per year while SPY charges 0.09%. On a $10,000 position that is $77 vs $9 annually, a gap of $68 per year that compounds over a long holding period. On income, GK currently yields 0.07% against 1.01% for SPY.

Holdings Overlap

32.6%overlap

GK and SPY share 21 holdings out of 512 unique holdings combined, representing a 32.6% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in GKWeight in SPYDifference
NVDA7.61%7.31%0.30%
AAPL5.27%7.09%1.82%
MU9.21%1.71%7.50%
GOOGProProPro
LLYProProPro
AVGOProProPro
MSFTProProPro
AMZNProProPro
GEVProProPro
TTProProPro
See all 10 holdings GK shares with SPY
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, GK or SPY?

GK has an expense ratio of 0.77% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $68 per year of difference.

Which performed better, GK or SPY?

Over the past year GK returned +17.95% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), GK annualized +3.30% vs +8.85% for SPY. Past performance does not guarantee future results.

Which is riskier, GK or SPY?

GK has been the more volatile fund at 23.4% annualized versus 15.3% for SPY. Worst drawdown: GK -47.7% vs SPY -56.5%.

Should I hold both GK and SPY?

GK and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between GK and SPY?

GK and SPY share 21 common holdings with a 32.6% weight overlap. Combined, they hold 512 unique securities.

Which pays a higher dividend, GK or SPY?

GK yields 0.07% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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