GMOC vs SPY
GMOC vs SPY
GMO Ultra-Short Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GMOC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $33M | $789.1B | |
| Dividend Yield | 2.99% | 1.01% | |
| Holdings | 72 | 505 | |
| YTD Return | +2.25% | +9.93% | |
| 1Y Return | - | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -0.1% | -56.5% | |
| Fund Family | GMO | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 27, 2025 | Jan 22, 1993 |
GMOC vs SPY Performance
GMO Ultra-Short Income ETF (GMOC) is a ETF from GMO and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GMOC is up 2.25% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.1% for GMOC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
GMOC charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, GMOC currently yields 2.99% against 1.01% for SPY.
Holdings Overlap
GMOC and SPY share 1 holdings out of 531 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GMOC | Weight in SPY | Difference |
|---|---|---|---|
| KKR | 5.20% | 0.10% | 5.10% |
Frequently Asked Questions
Which is cheaper, GMOC or SPY?
GMOC has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
What is the holdings overlap between GMOC and SPY?
GMOC and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, GMOC or SPY?
GMOC yields 2.99% while SPY yields 1.01%, so GMOC currently pays the higher dividend yield.
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