GOOP vs SPY
Kurv Yield Premium Strategy Google (GOOGL) ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GOOP delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GOOP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 12.71% | 1.01% | |
| Holdings | 11 | 505 | |
| YTD Return | -3.18% | +13.68% | |
| 1Y Return | +37.19% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 36.4% | 15.3% | |
| Max Drawdown | -34.9% | -56.5% | |
| Fund Family | Kurv | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 27, 2023 | Jan 22, 1993 |
GOOP vs SPY Performance
Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is a ETF from Kurv and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GOOP returned +37.19% while SPY returned +21.53%. Year to date, GOOP is down 3.18% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
GOOP has been the more volatile fund, with annualized monthly volatility of 36.4% 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 -34.9% for GOOP 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOOP charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, GOOP currently yields 12.71% against 1.01% for SPY.
Holdings Overlap
GOOP and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GOOP or SPY?
GOOP has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, GOOP or SPY?
Over the past year GOOP returned +37.19% vs +21.53% for SPY, so GOOP leads on 1-year performance. Over the longest common window we track (3 years), GOOP annualized +14.75% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GOOP or SPY?
GOOP has been the more volatile fund at 36.4% annualized versus 15.3% for SPY. Worst drawdown: GOOP -34.9% vs SPY -56.5%.
Should I hold both GOOP and SPY?
GOOP and SPY have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOOP and SPY?
GOOP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, GOOP or SPY?
GOOP yields 12.71% while SPY yields 1.01%, so GOOP currently pays the higher dividend yield.
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