GBHI vs SPY
Gabelli High Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
GBHI has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GBHI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.01% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 3.29% | 1.01% | |
| Holdings | 92 | 505 | |
| YTD Return | +2.81% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -2.1% | -56.5% | |
| Fund Family | Gabelli Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 17, 2025 | Jan 22, 1993 |
GBHI vs SPY Performance
Gabelli High Income ETF (GBHI) is a ETF from Gabelli Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GBHI is up 2.81% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.1% for GBHI 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
GBHI charges 0.01% per year while SPY charges 0.09%. On a $10,000 position that is $1 vs $9 annually, a gap of $8 per year that compounds over a long holding period. On income, GBHI currently yields 3.29% against 1.01% for SPY.
Holdings Overlap
GBHI and SPY share 4 holdings out of 555 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GBHI or SPY?
GBHI has an expense ratio of 0.01% while SPY charges 0.09%. GBHI is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
What is the holdings overlap between GBHI and SPY?
GBHI and SPY share 4 common holdings with a 0.2% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, GBHI or SPY?
GBHI yields 3.29% while SPY yields 1.01%, so GBHI currently pays the higher dividend yield.
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