GHMS vs SPY
Goose Hollow Multi-Strategy Income 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 503 holdings.
Side-by-Side Comparison
| Metric | GHMS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.42% | 0.09% | |
| AUM | $17M | $789.1B | |
| Dividend Yield | 5.03% | 1.01% | |
| Holdings | 29 | 505 | |
| YTD Return | +3.61% | +13.39% | |
| 1Y Return | +3.37% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 4.7% | 15.3% | |
| Max Drawdown | -6.6% | -56.5% | |
| Fund Family | Goose Hollow Capital Management LLC | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 14, 2023 | Jan 22, 1993 |
GHMS vs SPY Performance
Goose Hollow Multi-Strategy Income ETF (GHMS) is a ETF from Goose Hollow Capital Management LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GHMS returned +3.37% while SPY returned +22.52%. Year to date, GHMS is up 3.61% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.7% for GHMS. 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 -6.6% for GHMS 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GHMS charges 1.42% per year while SPY charges 0.09%. On a $10,000 position that is $142 vs $9 annually, a gap of $133 per year that compounds over a long holding period. On income, GHMS currently yields 5.03% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, GHMS or SPY?
GHMS has an expense ratio of 1.42% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $133 per year of difference.
Which performed better, GHMS or SPY?
Over the past year GHMS returned +3.37% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), GHMS annualized +2.48% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, GHMS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.7% for GHMS. Worst drawdown: GHMS -6.6% vs SPY -56.5%.
Should I hold both GHMS and SPY?
GHMS and SPY have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, GHMS or SPY?
GHMS yields 5.03% while SPY yields 1.01%, so GHMS currently pays the higher dividend yield.
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