GINX vs SPY
SGI Enhanced Global Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GINX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GINX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.02% | 0.09% | |
| AUM | $105M | $821.1B | |
| Dividend Yield | 4.15% | 1.01% | |
| Holdings | 160 | 505 | |
| YTD Return | +17.41% | +14.24% | |
| 1Y Return | +33.01% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 9.6% | 15.3% | |
| Max Drawdown | -12.5% | -56.5% | |
| Fund Family | Summit Global Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 29, 2024 | Jan 22, 1993 |
GINX vs SPY Performance
SGI Enhanced Global Income ETF (GINX) is a ETF from Summit Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GINX returned +33.01% while SPY returned +21.71%. Year to date, GINX is up 17.41% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.6% for GINX. 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 -12.5% for GINX 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GINX charges 1.02% per year while SPY charges 0.09%. On a $10,000 position that is $102 vs $9 annually, a gap of $93 per year that compounds over a long holding period. On income, GINX currently yields 4.15% against 1.01% for SPY.
Holdings Overlap
GINX and SPY share 44 holdings out of 594 unique holdings combined, representing a 12.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GINX or SPY?
GINX has an expense ratio of 1.02% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, GINX or SPY?
Over the past year GINX returned +33.01% vs +21.71% for SPY, so GINX leads on 1-year performance. Over the longest common window we track (3 years), GINX annualized +21.54% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, GINX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.6% for GINX. Worst drawdown: GINX -12.5% vs SPY -56.5%.
Should I hold both GINX and SPY?
GINX and SPY have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GINX and SPY?
GINX and SPY share 44 common holdings with a 12.4% weight overlap. Combined, they hold 594 unique securities.
Which pays a higher dividend, GINX or SPY?
GINX yields 4.15% while SPY yields 1.01%, so GINX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.