GXDW vs SPY
GXDW vs SPY
Global X Dorsey Wright Thematic ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GXDW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 1.34% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -1.52% | +13.79% | |
| 1Y Return | -4.37% | +23.66% | |
| 3Y Return (annualized) | -1.89% | +21.40% | |
| 5Y Return (annualized) | -12.72% | +13.37% | |
| Volatility (annualized) | 28.5% | 15.3% | |
| Max Drawdown | -67.8% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 25, 2019 | Jan 22, 1993 |
GXDW vs SPY Performance
Global X Dorsey Wright Thematic ETF (GXDW) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GXDW returned -4.37% while SPY returned +23.66%. Year to date, GXDW is down 1.52% versus a gain of 13.79% for SPY.
Over three years, GXDW compounded at -1.89% per year against +21.40% for SPY; over five years the annualized figures are -12.72% and +13.37% respectively. Across the full 7-year window we track, SPY has the edge at +8.85% annualized vs +0.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXDW has been the more volatile fund, with annualized monthly volatility of 28.5% compared with 15.3% for SPY. 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 -67.8% for GXDW 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GXDW 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, GXDW currently yields 1.34% against 1.01% for SPY.
Holdings Overlap
GXDW and SPY share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GXDW or SPY?
GXDW 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, GXDW or SPY?
Over the past year GXDW returned -4.37% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), GXDW annualized +0.11% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GXDW or SPY?
GXDW has been the more volatile fund at 28.5% annualized versus 15.3% for SPY. Worst drawdown: GXDW -67.8% vs SPY -56.5%.
Should I hold both GXDW and SPY?
GXDW and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GXDW and SPY?
GXDW and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, GXDW or SPY?
GXDW yields 1.34% while SPY yields 1.01%, so GXDW 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.