GGME vs SPY
Invesco Next Gen Media and Gaming 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 | GGME | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.62% | 0.09% | |
| AUM | $47M | $821.1B | |
| Dividend Yield | 0.02% | 1.01% | |
| Holdings | 109 | 505 | |
| YTD Return | +6.35% | +12.68% | |
| 1Y Return | +2.74% | +21.82% | |
| 3Y Return (annualized) | +24.20% | +21.98% | |
| 5Y Return (annualized) | +4.48% | +12.89% | |
| Volatility (annualized) | 21.7% | 15.3% | |
| Max Drawdown | -69.8% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Jan 22, 1993 |
GGME vs SPY Performance
Invesco Next Gen Media and Gaming ETF (GGME) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GGME returned +2.74% while SPY returned +21.82%. Year to date, GGME is up 6.35% versus a gain of 12.68% for SPY.
Over three years, GGME compounded at +24.20% per year against +21.98% for SPY; over five years the annualized figures are +4.48% and +12.89% respectively. Across the full 21-year window we track, SPY has the edge at +8.81% annualized vs +7.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGME has been the more volatile fund, with annualized monthly volatility of 21.7% compared with 15.3% for SPY. 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 -69.8% for GGME 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGME charges 0.62% per year while SPY charges 0.09%. On a $10,000 position that is $62 vs $9 annually, a gap of $53 per year that compounds over a long holding period. On income, GGME currently yields 0.02% against 1.01% for SPY.
Holdings Overlap
GGME and SPY share 9 holdings out of 593 unique holdings combined, representing a 17.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGME or SPY?
GGME has an expense ratio of 0.62% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, GGME or SPY?
Over the past year GGME returned +2.74% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), GGME annualized +7.25% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GGME or SPY?
GGME has been the more volatile fund at 21.7% annualized versus 15.3% for SPY. Worst drawdown: GGME -69.8% vs SPY -56.5%.
Should I hold both GGME and SPY?
GGME and SPY have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGME and SPY?
GGME and SPY share 9 common holdings with a 17.4% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, GGME or SPY?
GGME yields 0.02% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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