GCC vs SPY
WisdomTree Enhanced Commodity Strategy Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GCC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GCC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.09% | |
| AUM | $270M | $789.1B | |
| Dividend Yield | 6.21% | 1.01% | |
| Holdings | 37 | 505 | |
| YTD Return | +17.91% | +14.47% | |
| 1Y Return | +31.82% | +21.96% | |
| 3Y Return (annualized) | +17.21% | +21.70% | |
| 5Y Return (annualized) | +12.00% | +13.30% | |
| Volatility (annualized) | 15.0% | 15.3% | |
| Max Drawdown | -63.2% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Dec 21, 2020 | Jan 22, 1993 |
GCC vs SPY Performance
WisdomTree Enhanced Commodity Strategy Fund (GCC) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GCC returned +31.82% while SPY returned +21.96%. Year to date, GCC is up 17.91% versus a gain of 14.47% for SPY.
Over three years, GCC compounded at +17.21% per year against +21.70% for SPY; over five years the annualized figures are +12.00% and +13.30% respectively. Across the full 19-year window we track, SPY has the edge at +8.87% annualized vs +1.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.0% for GCC. 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 -63.2% for GCC 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GCC charges 0.57% per year while SPY charges 0.09%. On a $10,000 position that is $57 vs $9 annually, a gap of $48 per year that compounds over a long holding period. On income, GCC currently yields 6.21% against 1.01% for SPY.
Holdings Overlap
GCC and SPY share 0 holdings out of 505 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, GCC or SPY?
GCC has an expense ratio of 0.57% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, GCC or SPY?
Over the past year GCC returned +31.82% vs +21.96% for SPY, so GCC leads on 1-year performance. Over the longest common window we track (19 years), GCC annualized +1.27% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, GCC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.0% for GCC. Worst drawdown: GCC -63.2% vs SPY -56.5%.
Should I hold both GCC and SPY?
GCC and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GCC and SPY?
GCC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, GCC or SPY?
GCC yields 6.21% while SPY yields 1.01%, so GCC currently pays the higher dividend yield.
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