GSPY vs IVV
GSPY vs IVV
The Gotham Enhanced 500 ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GSPY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSPY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $717M | $865.2B | |
| Dividend Yield | 2.37% | 1.09% | |
| Holdings | 503 | 508 | |
| YTD Return | +14.42% | +13.13% | |
| 1Y Return | +25.39% | +22.90% | |
| 3Y Return (annualized) | +21.08% | +21.08% | |
| 5Y Return (annualized) | +13.47% | +13.27% | |
| Volatility (annualized) | 14.8% | 15.1% | |
| Max Drawdown | -23.3% | -56.5% | |
| Fund Family | Gotham Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 30, 2016 | May 15, 2000 |
GSPY vs IVV Performance
The Gotham Enhanced 500 ETF (GSPY) is a ETF from Gotham Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GSPY returned +25.39% while IVV returned +22.90%. Year to date, GSPY is up 14.42% versus a gain of 13.13% for IVV.
Over three years, GSPY compounded at +21.08% per year against +21.08% for IVV; over five years the annualized figures are +13.47% and +13.27% respectively. Across the full 6-year window we track, GSPY has the edge at +15.53% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.8% for GSPY. 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 -23.3% for GSPY and -56.5% for IVV. 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSPY charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GSPY currently yields 2.37% against 1.09% for IVV.
Holdings Overlap
GSPY and IVV share 480 holdings out of 517 unique holdings combined, representing a 72.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GSPY | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 7.67% | 7.76% | 0.09% |
| AAPL | 7.24% | 7.44% | 0.20% |
| MSFT | 5.93% | 4.57% | 1.36% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings GSPY shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, GSPY or IVV?
GSPY has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, GSPY or IVV?
Over the past year GSPY returned +25.39% vs +22.90% for IVV, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.53% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, GSPY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for GSPY. Worst drawdown: GSPY -23.3% vs IVV -56.5%.
Should I hold both GSPY and IVV?
GSPY and IVV have a monthly-return correlation of 1.00, 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 GSPY and IVV?
GSPY and IVV share 480 common holdings with a 72.5% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, GSPY or IVV?
GSPY yields 2.37% while IVV yields 1.09%, so GSPY currently pays the higher dividend yield.
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