GPT vs SPY
Intelligent Alpha Atlas ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GPT or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. GPT is less concentrated, with 29.6% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GPT | SPY |
|---|---|---|
| Expense Ratio | 0.69% | 0.09%Best |
| AUM | $23M | $804.7B |
| Dividend Yield | 0.67% | 0.98% |
| Holdings | 90 | 505 |
| YTD Return | +12.24% | +12.99%Best |
| 1Y Return | +15.84% | +16.73%Best |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 13.1% | 12.6%Best |
| Max Drawdown | -25.6% | -18.8%Best |
| $10,000 over 2 years | $13,778 | $13,971Best |
| Top 10 Weight | 29.6%Best | 37.8% |
| Fund Family | Intelligent Alpha | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 16, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 18, 2024 to Sep 23, 2026 (2 years).
GPT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
GPT vs SPY Performance
Intelligent Alpha Atlas ETF (GPT) is an ETF from Intelligent Alpha and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GPT returned +15.84% while SPY returned +16.73%. Year to date, GPT is up 12.24% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPT has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.6% 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 -25.6% for GPT and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPT charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, GPT currently yields 0.67% against 0.98% for SPY.
Holdings Overlap
62.9% of GPT's money is in holdings SPY also owns. 25.0% of SPY's money is in holdings GPT also owns.
The two portfolios partly overlap.
42 positions in common, counted across the 75 positions we hold weights for in GPT and 504 in SPY, against full books of 90 and 505.
What only one of them owns
Our book lists 455 positions for SPY that do not appear in our book for GPT (74.3% of the fund), and 19 for GPT that do not appear in SPY (19.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GPT | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.47% | 8.01% | 5.54% |
| AVGOBroadcom Inc | 2.73% | 2.66% | 0.07% |
| MUMicron Technology, Inc. | 3.38% | 1.60% | 1.78% |
| AMZNAmazon.Com Inc | 0.96% | 3.79% | 2.83% |
| VSTVistra Energy Corp. | 3.60% | 0.07% | 3.53% |
| CEGConstellation Energy Corporation Com | 3.23% | 0.14% | 3.09% |
| ETNEaton Corp Plc | 2.58% | 0.23% | 2.35% |
| NEMNewmont Corp Common | 2.59% | 0.20% | 2.39% |
| CVXChevron Corp | 2.14% | 0.60% | 1.54% |
| PWRQuanta Services Inc | 2.54% | 0.14% | 2.40% |
62.9% of GPT is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GPT or SPY?
GPT has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, GPT or SPY?
Over the past year GPT returned +15.84% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), GPT annualized +17.38% vs +18.20% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPT or SPY?
GPT has been the more volatile fund at 13.1% annualized versus 12.6% for SPY. Worst drawdown: GPT -25.6% vs SPY -18.8%.
Should I hold both GPT and SPY?
GPT and SPY have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GPT and SPY?
62.9% of GPT's money is in holdings SPY also owns. 25.0% of SPY's is in holdings GPT also owns. They hold 42 positions in common, counted across the 75 positions we hold weights for in GPT and 504 in SPY.
Which pays a higher dividend, GPT or SPY?
GPT yields 0.67% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GPT?
SPY has a lower expense ratio. SPY led over 1Y and the full window. GPT is less concentrated, with 29.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.