GVUS vs SPY
GVUS vs SPY
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GVUS delivered stronger 1-year returns. GVUS offers more diversification with 753 holdings.
Side-by-Side Comparison
| Metric | GVUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $413M | $789.1B | |
| Dividend Yield | 1.55% | 1.01% | |
| Holdings | 856 | 505 | |
| YTD Return | +19.58% | +9.93% | |
| 1Y Return | +31.06% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -16.3% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | Jan 22, 1993 |
GVUS vs SPY Performance
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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. Over the past year GVUS returned +31.06% while SPY returned +19.50%. Year to date, GVUS is up 19.58% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% for GVUS. 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 -16.3% for GVUS 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GVUS charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, GVUS currently yields 1.55% against 1.01% for SPY.
Holdings Overlap
GVUS and SPY share 402 holdings out of 854 unique holdings combined, representing a 57.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in GVUS | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 5.65% | 7.09% | 1.44% |
| AMZN | 6.01% | 3.69% | 2.32% |
| MSFT | 3.98% | 4.43% | 0.45% |
| BRK.B | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
See all 10 holdings GVUS 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, GVUS or SPY?
GVUS has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, GVUS or SPY?
Over the past year GVUS returned +31.06% vs +19.50% for SPY, so GVUS leads on 1-year performance. Over the longest common window we track (3 years), GVUS annualized +21.22% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, GVUS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.9% for GVUS. Worst drawdown: GVUS -16.3% vs SPY -56.5%.
Should I hold both GVUS and SPY?
GVUS and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GVUS and SPY?
GVUS and SPY share 402 common holdings with a 57.1% weight overlap. Combined, they hold 854 unique securities.
Which pays a higher dividend, GVUS or SPY?
GVUS yields 1.55% while SPY yields 1.01%, so GVUS currently pays the higher dividend yield.
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