GDOG vs SPY
Grayscale Dogecoin Trust ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
GDOG has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GDOG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.09% | |
| AUM | $9M | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 0 | 505 | |
| YTD Return | -40.54% | +12.87% | |
| 1Y Return | - | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -55.9% | -56.5% | |
| Fund Family | Grayscale | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 24, 2025 | Jan 22, 1993 |
GDOG vs SPY Performance
Grayscale Dogecoin Trust ETF (GDOG) is a ETF from Grayscale and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GDOG is down 40.54% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -55.9% for GDOG 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
GDOG charges 0.00% per year while SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, GDOG currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, GDOG or SPY?
GDOG has an expense ratio of 0.00% while SPY charges 0.09%. GDOG is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which pays a higher dividend, GDOG or SPY?
GDOG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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