GOOW vs SPY
Roundhill GOOGL WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GOOW delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GOOW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $82M | $821.1B | |
| Dividend Yield | 42.94% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -6.57% | +12.22% | |
| 1Y Return | +58.59% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 51.3% | 15.3% | |
| Max Drawdown | -30.7% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 24, 2025 | Jan 22, 1993 |
GOOW vs SPY Performance
Roundhill GOOGL WeeklyPay ETF (GOOW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GOOW returned +58.59% while SPY returned +20.83%. Year to date, GOOW is down 6.57% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
GOOW has been the more volatile fund, with annualized monthly volatility of 51.3% 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 -30.7% for GOOW 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
GOOW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, GOOW currently yields 42.94% against 1.01% for SPY.
Holdings Overlap
GOOW and SPY share 1 holdings out of 505 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GOOW | Weight in SPY | Difference |
|---|---|---|---|
| GOOGL | 25.97% | 3.33% | 22.64% |
Frequently Asked Questions
Which is cheaper, GOOW or SPY?
GOOW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, GOOW or SPY?
Over the past year GOOW returned +58.59% vs +20.83% for SPY, so GOOW leads on 1-year performance. Over the longest common window we track (1 years), GOOW annualized +59.70% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, GOOW or SPY?
GOOW has been the more volatile fund at 51.3% annualized versus 15.3% for SPY. Worst drawdown: GOOW -30.7% vs SPY -56.5%.
Should I hold both GOOW and SPY?
GOOW 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 GOOW and SPY?
GOOW and SPY share 1 common holdings with a 3.3% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, GOOW or SPY?
GOOW yields 42.94% while SPY yields 1.01%, so GOOW currently pays the higher dividend yield.
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