GSPY vs VOO
The Gotham Enhanced 500 ETF vs Vanguard S&P 500 ETF
Which is better, GSPY or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. GSPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 38.3%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $750M | $997.4B |
| Dividend Yield | 2.35% | 1.04% |
| Holdings | 503 | 509 |
| YTD Return | +14.05%Best | +11.55% |
| 1Y Return | +20.57%Best | +17.54% |
| 3Y Return (annualized) | +21.19%Best | +20.71% |
| 5Y Return (annualized) | +13.30%Best | +12.80% |
| Volatility (annualized) | 14.7%Best | 15.1% |
| Max Drawdown | -23.3%Best | -24.5% |
| $10,000 over 5 years | $18,670Best | $18,262 |
| Top 10 Weight | 38.3% | 36.4%Best |
| Fund Family | Gotham Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2020 to Sep 10, 2026 (5.7 years).
GSPY vs VOO 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 VOO Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GSPY returned +20.57% while VOO returned +17.54%. Year to date, GSPY is up 14.05% versus a gain of 11.55% for VOO.
Over three years, GSPY compounded at +21.19% per year against +20.71% for VOO; over five years the annualized figures are +13.30% and +12.80% respectively. Across the full 6-year window we track, GSPY has the edge at +15.19% annualized vs +14.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GSPY currently yields 2.35% against 1.04% for VOO.
Holdings Overlap
99.6% of GSPY's money is in holdings VOO also owns. 96.3% of VOO's money is in holdings GSPY also owns.
Most of GSPY is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 49 days apart, GSPY as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
491 positions in common, counted across the 501 positions we hold weights for in GSPY and 505 in VOO, against full books of 503 and 509.
What only one of them owns
Our book lists 9 positions for VOO that do not appear in our book for GSPY (3.3% of the fund), and 4 for GSPY that do not appear in VOO (0.3%).
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 VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.67% | 7.51% | 0.84% |
| AAPLApple, Inc | 6.65% | 6.59% | 0.06% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.12% | 4.30% | 1.82% |
| AMZNAmazon.Com Inc | 4.51% | 3.62% | 0.89% |
| GOOGLAlphabet A Usd 0.001 | 4.79% | 3.25% | 1.54% |
| MUMicron Technology, Inc. | 2.60% | 2.02% | 0.58% |
| AVGOBroadcom Inc | 1.65% | 2.77% | 1.12% |
| METAMeta Platforms, Inc. | 2.38% | 1.92% | 0.46% |
| BRK.BBerkshire Hathaway B | 1.54% | 1.42% | 0.12% |
| TSLATesla Inc | 1.03% | 1.84% | 0.81% |
99.6% of GSPY is already inside VOO.
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 VOO?
GSPY has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, GSPY or VOO?
Over the past year GSPY returned +20.57% vs +17.54% for VOO, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.19% vs +14.89% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or VOO?
VOO has been the more volatile fund at 15.1% annualized versus 14.7% for GSPY. Worst drawdown: GSPY -23.3% vs VOO -24.5%.
Should I hold both GSPY and VOO?
GSPY and VOO have a monthly-return correlation of 1.00, 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 VOO?
99.6% of GSPY's money is in holdings VOO also owns. 96.3% of VOO's is in holdings GSPY also owns. They hold 491 positions in common, counted across the 501 positions we hold weights for in GSPY and 505 in VOO.
Which pays a higher dividend, GSPY or VOO?
GSPY yields 2.35% while VOO yields 1.04%, so GSPY currently pays the higher dividend yield.
Is VOO better than GSPY?
VOO has a lower expense ratio. GSPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 38.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.