EQTY vs GSPY
Kovitz Core Equity ETF vs The Gotham Enhanced 500 ETF
Which is better, EQTY or GSPY?
Each has led over a different period.
GSPY has a lower expense ratio. EQTY led over 1Y, GSPY over 3Y and the full window. GSPY is less concentrated, with 39.9% of the fund in its ten largest positions against 42.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQTY | GSPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.50%Best |
| AUM | $1.4B | $686M |
| Dividend Yield | 0.02% | 2.30% |
| Holdings | 77 | 1,008 |
| YTD Return | +8.96% | +10.71%Best |
| 1Y Return | +15.10%Best | +13.82% |
| 3Y Return (annualized) | +17.64% | +20.80%Best |
| 5Y Return (annualized) | - | +11.57% |
| Volatility (annualized) | 12.8% | 12.2%Best |
| Max Drawdown | -17.3%Best | -18.7% |
| $10,000 over 3.9 years | $18,105 | $19,669Best |
| Top 10 Weight | 42.9% | 39.9%Best |
| Fund Family | Kovitz Investment Group | Gotham Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Dec 30, 2016 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 12, 2022 to Nov 6, 2026 (3.9 years).
EQTY vs GSPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
EQTY vs GSPY Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds. Over the past year EQTY returned +15.10% while GSPY returned +13.82%. Year to date, EQTY is up 8.96% versus a gain of 10.71% for GSPY.
Over three years, EQTY compounded at +17.64% per year against +20.80% for GSPY. Across the full 4-year window we track, GSPY has the edge at +18.94% annualized vs +16.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.2% 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 -17.3% for EQTY and -18.7% for GSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQTY charges 0.99% per year while GSPY charges 0.50%. On a $10,000 position that is $99 vs $50 annually, a gap of $49 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 2.30% for GSPY.
Holdings Overlap
82.5% of EQTY's money is in holdings GSPY also owns. 34.4% of GSPY's money is in holdings EQTY also owns.
Most of EQTY is already inside GSPY. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 37 positions we hold weights for in EQTY and 501 in GSPY, against full books of 77 and 1,008.
What only one of them owns
Our book lists 459 positions for GSPY that do not appear in our book for EQTY (65.5% of the fund), and 5 for EQTY that do not appear in GSPY (10.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EQTY | Weight in GSPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.24% | 6.77% | 1.53% |
| AAPLApple Inc | 1.72% | 7.07% | 5.35% |
| AMZNAmazon.Com Inc | 3.14% | 4.64% | 1.50% |
| METAMeta Platforms Inc | 3.22% | 3.19% | 0.03% |
| VVisa Inc Class A | 4.89% | 1.20% | 3.69% |
| GOOGLAlphabet Inc | 0.84% | 4.66% | 3.82% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 4.29% | 0.32% | 3.97% |
| SCHWSchwab Strategic T | 4.30% | 0.18% | 4.12% |
| PMPhilip Morris International Inc. | 4.17% | 0.15% | 4.02% |
| WATWaters Corp. | 4.30% | 0.02% | 4.28% |
82.5% of EQTY is already inside GSPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQTY or GSPY?
EQTY has an expense ratio of 0.99% while GSPY charges 0.50%. GSPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, EQTY or GSPY?
Over the past year EQTY returned +15.10% vs +13.82% for GSPY, so EQTY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +16.44% vs +18.94% for GSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or GSPY?
EQTY has been the more volatile fund at 12.8% annualized versus 12.2% for GSPY. Worst drawdown: EQTY -17.3% vs GSPY -18.7%.
Should I hold both EQTY and GSPY?
EQTY and GSPY have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EQTY and GSPY?
82.5% of EQTY's money is in holdings GSPY also owns. 34.4% of GSPY's is in holdings EQTY also owns. They hold 31 positions in common, counted across the 37 positions we hold weights for in EQTY and 501 in GSPY.
Which pays a higher dividend, EQTY or GSPY?
EQTY yields 0.02% while GSPY yields 2.30%, so GSPY currently pays the higher dividend yield.
Is GSPY better than EQTY?
GSPY has a lower expense ratio. EQTY led over 1Y, GSPY over 3Y and the full window. GSPY is less concentrated, with 39.9% of the fund in its ten largest positions against 42.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.