GSPY vs QQQ
The Gotham Enhanced 500 ETF vs Invesco QQQ Trust, Series 1
Which is better, GSPY or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. GSPY is less concentrated, with 38.3% of the fund in its ten largest positions against 46.5%.
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 | GSPY | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $750M | $483.5B |
| Dividend Yield | 2.35% | 0.44% |
| Holdings | 503 | 107 |
| YTD Return | +15.17% | +16.87%Best |
| 1Y Return | +20.65% | +22.98%Best |
| 3Y Return (annualized) | +21.82% | +24.98%Best |
| 5Y Return (annualized) | +13.49% | +14.39%Best |
| Volatility (annualized) | 14.7%Best | 19.9% |
| Max Drawdown | -23.3%Best | -35.1% |
| $10,000 over 5 years | $18,827 | $19,586Best |
| Top 10 Weight | 38.3%Best | 46.5% |
| Fund Family | Gotham Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Dec 30, 2016 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2020 to Sep 11, 2026 (5.7 years).
GSPY vs QQQ 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 5.7 years both funds cover.
GSPY vs QQQ Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GSPY returned +20.65% while QQQ returned +22.98%. Year to date, GSPY is up 15.17% versus a gain of 16.87% for QQQ.
Over three years, GSPY compounded at +21.82% per year against +24.98% for QQQ; over five years the annualized figures are +13.49% and +14.39% respectively. Across the full 6-year window we track, QQQ has the edge at +16.25% annualized vs +15.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 14.7% for GSPY. 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 -23.3% for GSPY and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSPY charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, GSPY currently yields 2.35% against 0.44% for QQQ.
Holdings Overlap
52.0% of GSPY's money is in holdings QQQ also owns. 90.7% of QQQ's money is in holdings GSPY also owns.
Most of QQQ is already inside GSPY. Owning both mostly buys the same companies twice.
85 positions in common, counted across the 501 positions we hold weights for in GSPY and 102 in QQQ, against full books of 503 and 107.
What only one of them owns
Our book lists 10 positions for QQQ that do not appear in our book for GSPY (6.4% of the fund), and 398 for GSPY that do not appear in QQQ (47.7%).
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 GSPY | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.67% | 8.44% | 1.77% |
| AAPLApple, Inc | 6.65% | 7.27% | 0.62% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.12% | 5.76% | 0.36% |
| AMZNAmazon.Com Inc | 4.51% | 4.67% | 0.16% |
| GOOGLAlphabet A Usd 0.001 | 4.79% | 3.36% | 1.43% |
| MUMicron Technology, Inc. | 2.60% | 4.43% | 1.83% |
| METAMeta Platforms, Inc. | 2.38% | 2.78% | 0.40% |
| AVGOBroadcom Inc | 1.65% | 3.16% | 1.51% |
| AMDAdvanced Micro Devices Inc. | 1.22% | 3.45% | 2.23% |
| TSLATesla Inc | 1.03% | 2.56% | 1.53% |
90.7% of QQQ is already inside GSPY.
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, GSPY or QQQ?
GSPY has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, GSPY or QQQ?
Over the past year GSPY returned +20.65% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.38% vs +16.25% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or QQQ?
QQQ has been the more volatile fund at 19.9% annualized versus 14.7% for GSPY. Worst drawdown: GSPY -23.3% vs QQQ -35.1%.
Should I hold both GSPY and QQQ?
GSPY and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GSPY and QQQ?
90.7% of QQQ's money is in holdings GSPY also owns. 90.7% of QQQ's is in holdings GSPY also owns. They hold 85 positions in common, counted across the 501 positions we hold weights for in GSPY and 102 in QQQ.
Which pays a higher dividend, GSPY or QQQ?
GSPY yields 2.35% while QQQ yields 0.44%, so GSPY currently pays the higher dividend yield.
Is QQQ better than GSPY?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. GSPY is less concentrated, with 38.3% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.