GSPY vs QQQ
GSPY vs QQQ
The Gotham Enhanced 500 ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. GSPY offers more diversification with 492 holdings.
Side-by-Side Comparison
| Metric | GSPY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $717M | $455.8B | |
| Dividend Yield | 2.37% | 0.41% | |
| Holdings | 503 | 108 | |
| YTD Return | +14.42% | +16.83% | |
| 1Y Return | +25.39% | +26.58% | |
| 3Y Return (annualized) | +21.08% | +24.70% | |
| 5Y Return (annualized) | +13.47% | +14.88% | |
| Volatility (annualized) | 14.8% | 30.6% | |
| Max Drawdown | -23.3% | -83.0% | |
| Fund Family | Gotham Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 30, 2016 | Mar 10, 1999 |
GSPY vs QQQ Performance
The Gotham Enhanced 500 ETF (GSPY) is a ETF from Gotham Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GSPY returned +25.39% while QQQ returned +26.58%. Year to date, GSPY is up 14.42% versus a gain of 16.83% for QQQ.
Over three years, GSPY compounded at +21.08% per year against +24.70% for QQQ; over five years the annualized figures are +13.47% and +14.88% respectively. Across the full 6-year window we track, GSPY has the edge at +15.53% annualized vs +13.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.90. 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 QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GSPY currently yields 2.37% against 0.41% for QQQ.
Holdings Overlap
GSPY and QQQ share 81 holdings out of 514 unique holdings combined, representing a 49.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GSPY | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 7.67% | 7.88% | 0.21% |
| AAPL | 7.24% | 7.46% | 0.22% |
| MSFT | 5.93% | 4.65% | 1.28% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings GSPY shares with QQQ 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 QQQ?
GSPY has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GSPY or QQQ?
Over the past year GSPY returned +25.39% vs +26.58% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.53% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, GSPY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.8% for GSPY. Worst drawdown: GSPY -23.3% vs QQQ -83.0%.
Should I hold both GSPY and QQQ?
GSPY and QQQ have a monthly-return correlation of 0.90, 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 QQQ?
GSPY and QQQ share 81 common holdings with a 49.3% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, GSPY or QQQ?
GSPY yields 2.37% while QQQ yields 0.41%, so GSPY currently pays the higher dividend yield.
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