GHTA vs SPY
Goose Hollow Tactical Allocation 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 | GHTA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.77% | 0.09% | |
| AUM | $41M | $789.1B | |
| Dividend Yield | 3.74% | 1.01% | |
| Holdings | 28 | 505 | |
| YTD Return | +2.81% | +13.68% | |
| 1Y Return | +3.87% | +21.53% | |
| 3Y Return (annualized) | +8.62% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 11.3% | 15.3% | |
| Max Drawdown | -13.9% | -56.5% | |
| Fund Family | Goose Hollow Capital Management LLC | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Nov 16, 2021 | Jan 22, 1993 |
GHTA vs SPY Performance
Goose Hollow Tactical Allocation ETF (GHTA) 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 GHTA returned +3.87% while SPY returned +21.53%. Year to date, GHTA is up 2.81% versus a gain of 13.68% for SPY.
Over three years, GHTA compounded at +8.62% per year against +21.44% for SPY. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.3% for GHTA. 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 -13.9% for GHTA 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GHTA charges 1.77% per year while SPY charges 0.09%. On a $10,000 position that is $177 vs $9 annually, a gap of $168 per year that compounds over a long holding period. On income, GHTA currently yields 3.74% against 1.01% for SPY.
Holdings Overlap
GHTA and SPY share 1 holdings out of 519 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GHTA | Weight in SPY | Difference |
|---|---|---|---|
| SLB:CW | 1.28% | 0.11% | 1.17% |
Frequently Asked Questions
Which is cheaper, GHTA or SPY?
GHTA has an expense ratio of 1.77% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $168 per year of difference.
Which performed better, GHTA or SPY?
Over the past year GHTA returned +3.87% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), GHTA annualized +6.98% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GHTA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.3% for GHTA. Worst drawdown: GHTA -13.9% vs SPY -56.5%.
Should I hold both GHTA and SPY?
GHTA and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GHTA and SPY?
GHTA and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, GHTA or SPY?
GHTA yields 3.74% while SPY yields 1.01%, so GHTA currently pays the higher dividend yield.
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