GSPY vs SCHD
The Gotham Enhanced 500 ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GSPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GSPY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $717M | $103.7B | |
| Dividend Yield | 2.37% | 3.31% | |
| Holdings | 503 | 104 | |
| YTD Return | +16.02% | +26.21% | |
| 1Y Return | +24.11% | +29.99% | |
| 3Y Return (annualized) | +21.93% | +15.73% | |
| 5Y Return (annualized) | +13.59% | +9.67% | |
| Volatility (annualized) | 14.8% | 13.6% | |
| Max Drawdown | -23.3% | -33.4% | |
| Fund Family | Gotham Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 30, 2016 | Oct 20, 2011 |
GSPY vs SCHD Performance
The Gotham Enhanced 500 ETF (GSPY) is a ETF from Gotham Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GSPY returned +24.11% while SCHD returned +29.99%. Year to date, GSPY is up 16.02% versus a gain of 26.21% for SCHD.
Over three years, GSPY compounded at +21.93% per year against +15.73% for SCHD; over five years the annualized figures are +13.59% and +9.67% respectively. Across the full 6-year window we track, GSPY has the edge at +15.76% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSPY has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.6% 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 -33.4% for SCHD. 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 0.74. 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 2.37% against 3.31% for SCHD.
Holdings Overlap
GSPY and SCHD share 45 holdings out of 547 unique holdings combined, representing a 10.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, GSPY or SCHD?
Over the past year GSPY returned +24.11% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.76% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, GSPY or SCHD?
GSPY has been the more volatile fund at 14.8% annualized versus 13.6% for SCHD. Worst drawdown: GSPY -23.3% vs SCHD -33.4%.
Should I hold both GSPY and SCHD?
GSPY and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSPY and SCHD?
GSPY and SCHD share 45 common holdings with a 10.3% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, GSPY or SCHD?
GSPY yields 2.37% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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