GENM vs SPY
Genter Capital Municipal Quality Intermediate ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GENM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $31M | $821.1B | |
| Dividend Yield | 3.22% | 1.01% | |
| Holdings | 75 | 505 | |
| YTD Return | +0.90% | +13.17% | |
| 1Y Return | +3.02% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 2.8% | 15.3% | |
| Max Drawdown | -2.4% | -56.5% | |
| Fund Family | Genter Capital Management | State Street Investment Management | |
| Category | Tax Preferred | Equity | |
| Inception | May 21, 2024 | Jan 22, 1993 |
GENM vs SPY Performance
Genter Capital Municipal Quality Intermediate ETF (GENM) 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 GENM returned +3.02% while SPY returned +21.53%. Year to date, GENM is up 0.90% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.8% for GENM. 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 -2.4% for GENM 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GENM charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, GENM currently yields 3.22% against 1.01% for SPY.
Holdings Overlap
GENM and SPY share 0 holdings out of 521 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, GENM or SPY?
GENM has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, GENM or SPY?
Over the past year GENM returned +3.02% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), GENM annualized +3.52% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, GENM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.8% for GENM. Worst drawdown: GENM -2.4% vs SPY -56.5%.
Should I hold both GENM and SPY?
GENM and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GENM and SPY?
GENM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, GENM or SPY?
GENM yields 3.22% while SPY yields 1.01%, so GENM currently pays the higher dividend yield.
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