GUSE vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricGUSESPYWinner
Expense Ratio0.30%0.09%
AUM$355M$789.1B
Dividend Yield0.66%1.01%
Holdings122505
YTD Return+14.24%+13.28%
1Y Return-+23.94%
3Y Return (annualized)-+21.07%
5Y Return (annualized)-+13.27%
Volatility (annualized)-15.3%
Max Drawdown-8.5%-56.5%
Fund FamilyGoldman Sachs Asset ManagementState Street Investment Management
CategoryEquityEquity
InceptionJan 31, 2008Jan 22, 1993

GUSE vs SPY Performance

Goldman Sachs Enhanced US Equity ETF (GUSE) is a ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GUSE is up 14.24% versus a gain of 13.28% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -8.5% for GUSE 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

GUSE charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, GUSE currently yields 0.66% against 1.01% for SPY.

Holdings Overlap

57.4%overlap

GUSE and SPY share 97 holdings out of 527 unique holdings combined, representing a 57.4% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in GUSEWeight in SPYDifference
AAPL7.97%7.09%0.88%
NVDA7.72%7.31%0.41%
MSFT3.33%4.43%1.10%
AMZNProProPro
GOOGLProProPro
AVGOProProPro
GOOGProProPro
METAProProPro
MUProProPro
LLYProProPro
See all 10 holdings GUSE 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, GUSE or SPY?

GUSE has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.

What is the holdings overlap between GUSE and SPY?

GUSE and SPY share 97 common holdings with a 57.4% weight overlap. Combined, they hold 527 unique securities.

Which pays a higher dividend, GUSE or SPY?

GUSE yields 0.66% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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