GSPY vs SPY
GSPY vs SPY
The Gotham Enhanced 500 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GSPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GSPY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $717M | $789.1B | |
| Dividend Yield | 2.37% | 1.01% | |
| Holdings | 503 | 505 | |
| YTD Return | +14.42% | +13.10% | |
| 1Y Return | +25.39% | +22.80% | |
| 3Y Return (annualized) | +21.08% | +20.98% | |
| 5Y Return (annualized) | +13.47% | +13.20% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -23.3% | -56.5% | |
| Fund Family | Gotham Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 30, 2016 | Jan 22, 1993 |
GSPY vs SPY Performance
The Gotham Enhanced 500 ETF (GSPY) is a ETF from Gotham Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GSPY returned +25.39% while SPY returned +22.80%. Year to date, GSPY is up 14.42% versus a gain of 13.10% for SPY.
Over three years, GSPY compounded at +21.08% per year against +20.98% for SPY; over five years the annualized figures are +13.47% and +13.20% respectively. Across the full 6-year window we track, GSPY has the edge at +15.53% annualized vs +8.83%. 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 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 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 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 SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, GSPY currently yields 2.37% against 1.01% for SPY.
Holdings Overlap
GSPY and SPY share 481 holdings out of 514 unique holdings combined, representing a 72.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GSPY | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.67% | 7.31% | 0.36% |
| AAPL | 7.24% | 7.09% | 0.15% |
| MSFT | 5.93% | 4.43% | 1.50% |
| 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 SPY 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 SPY?
GSPY has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, GSPY or SPY?
Over the past year GSPY returned +25.39% vs +22.80% for SPY, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.53% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, GSPY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for GSPY. Worst drawdown: GSPY -23.3% vs SPY -56.5%.
Should I hold both GSPY and SPY?
GSPY and SPY 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 SPY?
GSPY and SPY share 481 common holdings with a 72.6% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, GSPY or SPY?
GSPY yields 2.37% while SPY yields 1.01%, so GSPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.