GNOM vs SPY
Global X Genomics & Biotechnology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GNOM delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GNOM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $92M | $814.4B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +41.22% | +12.87% | |
| 1Y Return | +76.48% | +21.13% | |
| 3Y Return (annualized) | +12.84% | +20.86% | |
| 5Y Return (annualized) | -7.46% | +12.69% | |
| Volatility (annualized) | 30.3% | 15.3% | |
| Max Drawdown | -75.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 5, 2019 | Jan 22, 1993 |
GNOM vs SPY Performance
Global X Genomics & Biotechnology ETF (GNOM) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GNOM returned +76.48% while SPY returned +21.13%. Year to date, GNOM is up 41.22% versus a gain of 12.87% for SPY.
Over three years, GNOM compounded at +12.84% per year against +20.86% for SPY; over five years the annualized figures are -7.46% and +12.69% respectively. Across the full 7-year window we track, SPY has the edge at +8.80% annualized vs +0.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GNOM has been the more volatile fund, with annualized monthly volatility of 30.3% 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 -75.0% for GNOM 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GNOM charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, GNOM currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
GNOM and SPY share 9 holdings out of 545 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GNOM or SPY?
GNOM has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, GNOM or SPY?
Over the past year GNOM returned +76.48% vs +21.13% for SPY, so GNOM leads on 1-year performance. Over the longest common window we track (7 years), GNOM annualized +0.85% vs +8.80% for SPY. Past performance does not guarantee future results.
Which is riskier, GNOM or SPY?
GNOM has been the more volatile fund at 30.3% annualized versus 15.3% for SPY. Worst drawdown: GNOM -75.0% vs SPY -56.5%.
Should I hold both GNOM and SPY?
GNOM and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GNOM and SPY?
GNOM and SPY share 9 common holdings with a 2.3% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, GNOM or SPY?
GNOM yields 1.19% while SPY yields 1.01%, so GNOM currently pays the higher dividend yield.
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