GSPY vs SCHD
The Gotham Enhanced 500 ETF vs Schwab US Dividend Equity ETF
Which is better, GSPY or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. GSPY led over 3Y, 5Y and the full window, SCHD over 1Y. GSPY is less concentrated, with 38.3% of the fund in its ten largest positions against 41.8%.
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 | GSPY | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $750M | $112.1B |
| Dividend Yield | 2.35% | 3.00% |
| Holdings | 503 | 103 |
| YTD Return | +14.05% | +24.59%Best |
| 1Y Return | +20.57% | +28.14%Best |
| 3Y Return (annualized) | +21.19%Best | +15.58% |
| 5Y Return (annualized) | +13.30%Best | +9.90% |
| Volatility (annualized) | 14.7% | 14.6%Best |
| Max Drawdown | -23.3% | -16.9%Best |
| $10,000 over 5 years | $18,670Best | $16,032 |
| Top 10 Weight | 38.3%Best | 41.8% |
| Fund Family | Gotham Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Dec 30, 2016 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2020 to Sep 10, 2026 (5.7 years).
GSPY vs SCHD 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 SCHD Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GSPY returned +20.57% while SCHD returned +28.14%. Year to date, GSPY is up 14.05% versus a gain of 24.59% for SCHD.
Over three years, GSPY compounded at +21.19% per year against +15.58% for SCHD; over five years the annualized figures are +13.30% and +9.90% respectively. Across the full 6-year window we track, GSPY has the edge at +15.19% annualized vs +12.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSPY has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.6% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSPY charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, GSPY currently yields 2.35% against 3.00% for SCHD.
Holdings Overlap
11.1% of GSPY's money is in holdings SCHD also owns. 94.9% of SCHD's money is in holdings GSPY also owns.
Most of SCHD is already inside GSPY. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 501 positions we hold weights for in GSPY and 100 in SCHD, against full books of 503 and 103.
What only one of them owns
Our book lists 53 positions for SCHD that do not appear in our book for GSPY (5.1% of the fund), and 437 for GSPY that do not appear in SCHD (88.6%).
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 SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 1.19% | 4.77% | 3.58% |
| UNHUnitedhealth Group Inc. | 1.28% | 3.82% | 2.54% |
| KOCoca Cola Co. | 0.87% | 4.17% | 3.30% |
| AMGNAmgen Inc. | 0.29% | 4.70% | 4.41% |
| ABTAbbott Laboratories | 0.28% | 4.69% | 4.41% |
| HDHome Depot Inc/The | 0.65% | 3.88% | 3.23% |
| CVXChevron Corp. | 0.49% | 4.02% | 3.53% |
| COPConocophillips Co | 0.56% | 3.94% | 3.38% |
| VZVerizon Communications, Inc. | 0.10% | 3.97% | 3.87% |
| PGProcter & Gamble Company | 0.17% | 3.83% | 3.66% |
94.9% of SCHD 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 SCHD?
GSPY has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, GSPY or SCHD?
Over the past year GSPY returned +20.57% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.19% vs +12.41% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or SCHD?
GSPY has been the more volatile fund at 14.7% annualized versus 14.6% for SCHD. Worst drawdown: GSPY -23.3% vs SCHD -16.9%.
Should I hold both GSPY and SCHD?
GSPY and SCHD have a monthly-return correlation of 0.74, 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 GSPY and SCHD?
94.9% of SCHD's money is in holdings GSPY also owns. 94.9% of SCHD's is in holdings GSPY also owns. They hold 46 positions in common, counted across the 501 positions we hold weights for in GSPY and 100 in SCHD.
Which pays a higher dividend, GSPY or SCHD?
GSPY yields 2.35% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GSPY?
SCHD has a lower expense ratio. GSPY led over 3Y, 5Y and the full window, SCHD over 1Y. GSPY is less concentrated, with 38.3% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.