GHMS vs SPY
Goose Hollow Multi-Strategy Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GHMS or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | GHMS | SPY |
|---|---|---|
| Expense Ratio | 1.42% | 0.09%Best |
| AUM | $17M | $814.4B |
| Dividend Yield | 5.03% | 1.01% |
| Holdings | 29 | 505 |
| Volatility (annualized) | 4.7%Best | 10.9% |
| Max Drawdown | -6.6%Best | -18.8% |
| $10,000 over 2 years | $10,502 | $15,304Best |
| Fund Family | Goose Hollow Capital Management LLC | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Nov 14, 2023 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 283 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GHMS has data through Nov 25, 2025 and SPY through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Nov 15, 2023 to Nov 25, 2025 (2 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 10.9% 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 -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 0.29. They move largely independently of each other.
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.
You are not choosing between two funds in isolation.
Whichever of GHMS and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $133 a year on a $10,000 investment.
Which is riskier, GHMS or SPY?
SPY has been the more volatile fund at 10.9% annualized versus 4.7% for GHMS. Worst drawdown: GHMS -6.6% vs SPY -18.8%.
Should I hold both GHMS and SPY?
GHMS and SPY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
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.
Is SPY better than GHMS?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.