GQI vs SPY
Natixis Gateway Quality Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GQI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.09% | |
| AUM | $275M | $821.1B | |
| Dividend Yield | 8.59% | 1.01% | |
| Holdings | 110 | 505 | |
| YTD Return | +12.36% | +14.24% | |
| 1Y Return | +20.21% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 9.0% | 15.3% | |
| Max Drawdown | -16.6% | -56.5% | |
| Fund Family | Natixis Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2023 | Jan 22, 1993 |
GQI vs SPY Performance
Natixis Gateway Quality Income ETF (GQI) is a ETF from Natixis Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GQI returned +20.21% while SPY returned +21.71%. Year to date, GQI is up 12.36% 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 9.0% for GQI. 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 -16.6% for GQI 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GQI charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, GQI currently yields 8.59% against 1.01% for SPY.
Holdings Overlap
GQI and SPY share 102 holdings out of 509 unique holdings combined, representing a 47.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GQI or SPY?
GQI has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, GQI or SPY?
Over the past year GQI returned +20.21% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), GQI annualized +16.64% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, GQI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.0% for GQI. Worst drawdown: GQI -16.6% vs SPY -56.5%.
Should I hold both GQI and SPY?
GQI and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GQI and SPY?
GQI and SPY share 102 common holdings with a 47.4% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, GQI or SPY?
GQI yields 8.59% while SPY yields 1.01%, so GQI 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.