GSPY vs VYM
The Gotham Enhanced 500 ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. GSPY delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | GSPY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $754M | $81.6B | |
| Dividend Yield | 2.35% | 2.24% | |
| Holdings | 503 | 616 | |
| YTD Return | +14.36% | +14.66% | |
| 1Y Return | +23.46% | +22.16% | |
| 3Y Return (annualized) | +22.07% | +18.72% | |
| 5Y Return (annualized) | +13.38% | +12.18% | |
| Volatility (annualized) | 14.8% | 14.6% | |
| Max Drawdown | -23.3% | -58.8% | |
| Fund Family | Gotham Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 30, 2016 | Nov 10, 2006 |
GSPY vs VYM Performance
The Gotham Enhanced 500 ETF (GSPY) is a ETF from Gotham Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GSPY returned +23.46% while VYM returned +22.16%. Year to date, GSPY is up 14.36% versus a gain of 14.66% for VYM.
Over three years, GSPY compounded at +22.07% per year against +18.72% for VYM; over five years the annualized figures are +13.38% and +12.18% respectively. Across the full 6-year window we track, GSPY has the edge at +15.41% annualized vs +7.01%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GSPY charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, GSPY currently yields 2.35% against 2.24% for VYM.
Holdings Overlap
GSPY and VYM share 243 holdings out of 861 unique holdings combined, representing a 36.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSPY or VYM?
GSPY has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, GSPY or VYM?
Over the past year GSPY returned +23.46% vs +22.16% for VYM, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.41% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, GSPY or VYM?
GSPY has been the more volatile fund at 14.8% annualized versus 14.6% for VYM. Worst drawdown: GSPY -23.3% vs VYM -58.8%.
Should I hold both GSPY and VYM?
GSPY and VYM have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSPY and VYM?
GSPY and VYM share 243 common holdings with a 36.8% weight overlap. Combined, they hold 861 unique securities.
Which pays a higher dividend, GSPY or VYM?
GSPY yields 2.35% while VYM yields 2.24%, so GSPY currently pays the higher dividend yield.
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