GEND vs SPY
Genter Capital Dividend Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GEND delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GEND | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $5M | $821.1B | |
| Dividend Yield | 2.67% | 1.01% | |
| Holdings | 37 | 505 | |
| YTD Return | +17.93% | +14.24% | |
| 1Y Return | +24.33% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 10.2% | 15.3% | |
| Max Drawdown | -13.3% | -56.5% | |
| Fund Family | Genter Capital Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 31, 2024 | Jan 22, 1993 |
GEND vs SPY Performance
Genter Capital Dividend Income ETF (GEND) is a ETF from Genter Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GEND returned +24.33% while SPY returned +21.71%. Year to date, GEND is up 17.93% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.2% for GEND. 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 -13.3% for GEND 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GEND charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, GEND currently yields 2.67% against 1.01% for SPY.
Holdings Overlap
GEND and SPY share 30 holdings out of 506 unique holdings combined, representing a 8.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GEND or SPY?
GEND has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, GEND or SPY?
Over the past year GEND returned +24.33% vs +21.71% for SPY, so GEND leads on 1-year performance. Over the longest common window we track (2 years), GEND annualized +23.18% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, GEND or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.2% for GEND. Worst drawdown: GEND -13.3% vs SPY -56.5%.
Should I hold both GEND and SPY?
GEND and SPY have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GEND and SPY?
GEND and SPY share 30 common holdings with a 8.7% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, GEND or SPY?
GEND yields 2.67% while SPY yields 1.01%, so GEND currently pays the higher dividend yield.
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