GSKH vs SPY
GSK plc ADRhedged vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GSKH delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSKH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $715,382.28 | $821.1B | |
| Dividend Yield | 2.90% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +6.61% | +12.68% | |
| 1Y Return | +31.53% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 21.3% | 15.3% | |
| Max Drawdown | -18.5% | -56.5% | |
| Fund Family | ADRH | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 15, 2025 | Jan 22, 1993 |
GSKH vs SPY Performance
GSK plc ADRhedged (GSKH) is a ETF from ADRH and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GSKH returned +31.53% while SPY returned +21.82%. Year to date, GSKH is up 6.61% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
GSKH has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -18.5% for GSKH 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 -0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSKH charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, GSKH currently yields 2.90% against 1.01% for SPY.
Holdings Overlap
GSKH and SPY share 0 holdings out of 506 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, GSKH or SPY?
GSKH has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, GSKH or SPY?
Over the past year GSKH returned +31.53% vs +21.82% for SPY, so GSKH leads on 1-year performance. Over the longest common window we track (2 years), GSKH annualized +27.39% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GSKH or SPY?
GSKH has been the more volatile fund at 21.3% annualized versus 15.3% for SPY. Worst drawdown: GSKH -18.5% vs SPY -56.5%.
Should I hold both GSKH and SPY?
GSKH and SPY have a monthly-return correlation of -0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSKH and SPY?
GSKH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, GSKH or SPY?
GSKH yields 2.90% while SPY yields 1.01%, so GSKH currently pays the higher dividend yield.
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