GGTL vs SPY
Gabelli Global Technology Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
GGTL has a lower expense ratio. GGTL delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GGTL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.09% | |
| AUM | $16M | $821.1B | |
| Dividend Yield | 0.91% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +18.38% | +12.68% | |
| 1Y Return | +25.84% | +21.82% | |
| 3Y Return (annualized) | +19.24% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 18.8% | 15.3% | |
| Max Drawdown | -23.6% | -56.5% | |
| Fund Family | Gabelli Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 5, 2022 | Jan 22, 1993 |
GGTL vs SPY Performance
Gabelli Global Technology Leaders ETF (GGTL) is a ETF from Gabelli Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GGTL returned +25.84% while SPY returned +21.82%. Year to date, GGTL is up 18.38% versus a gain of 12.68% for SPY.
Over three years, GGTL compounded at +19.24% per year against +21.98% for SPY. Across the full 5-year window we track, GGTL has the edge at +10.42% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGTL has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -23.6% for GGTL 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGTL 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, GGTL currently yields 0.91% against 1.01% for SPY.
Holdings Overlap
GGTL and SPY share 23 holdings out of 548 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGTL or SPY?
GGTL has an expense ratio of 0.00% while SPY charges 0.09%. GGTL is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, GGTL or SPY?
Over the past year GGTL returned +25.84% vs +21.82% for SPY, so GGTL leads on 1-year performance. Over the longest common window we track (5 years), GGTL annualized +10.42% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GGTL or SPY?
GGTL has been the more volatile fund at 18.8% annualized versus 15.3% for SPY. Worst drawdown: GGTL -23.6% vs SPY -56.5%.
Should I hold both GGTL and SPY?
GGTL and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGTL and SPY?
GGTL and SPY share 23 common holdings with a 15.8% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, GGTL or SPY?
GGTL yields 0.91% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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