GEND vs SPY
Genter Capital Dividend Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GEND or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. GEND led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 39.5%.
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 | GEND | SPY |
|---|---|---|
| Expense Ratio | 0.38% | 0.09%Best |
| AUM | $5M | $814.4B |
| Dividend Yield | 2.67% | 1.01% |
| Holdings | 33 | 505 |
| YTD Return | +18.68%Best | +13.34% |
| 1Y Return | +23.51%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 9.9%Best | 12.9% |
| Max Drawdown | -13.3%Best | -18.8% |
| $10,000 over 1.6 years | $13,883Best | $13,376 |
| Top 10 Weight | 39.5% | 38.0%Best |
| Fund Family | Genter Capital Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 31, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 13, 2025 to Sep 4, 2026 (1.6 years).
GEND vs SPY 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 1.6 years both funds cover.
GEND vs SPY Performance
Genter Capital Dividend Income ETF (GEND) is an ETF from Genter Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GEND returned +23.51% while SPY returned +19.97%. Year to date, GEND is up 18.68% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 9.9% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
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
91.8% of GEND's money is in holdings SPY also owns. 8.7% of SPY's money is in holdings GEND also owns.
Most of GEND is already inside SPY. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 33 positions we hold weights for in GEND and 504 in SPY, against full books of 33 and 505.
What only one of them owns
Our book lists 468 positions for SPY that do not appear in our book for GEND (91.1% of the fund), and 2 for GEND that do not appear in SPY (4.4%).
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 GEND | Weight in SPY | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.04% | 1.44% | 2.60% |
| NTRSNorthern Trust Corp. | 4.74% | 0.05% | 4.69% |
| CVXChevron Corp | 3.84% | 0.54% | 3.30% |
| CVSCvs Health Corp. | 3.95% | 0.20% | 3.75% |
| MRKMerck & Company Inc | 3.64% | 0.47% | 3.17% |
| DVNDevon Energy Corporation | 3.93% | 0.08% | 3.85% |
| ACN:IEAccenture plc, Class A | 3.85% | 0.16% | 3.69% |
| MTBM&T Bank Corp | 3.89% | 0.06% | 3.83% |
| PSXPhillips 66 | 3.82% | 0.12% | 3.70% |
| MOAltria Group Inc | 3.58% | 0.17% | 3.41% |
91.8% of GEND is already inside SPY.
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, GEND or SPY?
GEND has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, GEND or SPY?
Over the past year GEND returned +23.51% vs +19.97% for SPY, so GEND leads on 1-year performance. Over the longest common window we track (2 years), GEND annualized +22.76% vs +19.94% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GEND or SPY?
SPY has been the more volatile fund at 12.9% annualized versus 9.9% for GEND. Worst drawdown: GEND -13.3% vs SPY -18.8%.
Should I hold both GEND and SPY?
GEND and SPY have a monthly-return correlation of 0.44, 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 GEND and SPY?
91.8% of GEND's money is in holdings SPY also owns. 8.7% of SPY's is in holdings GEND also owns. They hold 30 positions in common, counted across the 33 positions we hold weights for in GEND and 504 in SPY.
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.
Is SPY better than GEND?
SPY has a lower expense ratio. GEND led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 39.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.