GTOP vs SPY
Goldman Sachs Technology Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GTOP delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GTOP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $738M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 36 | 505 | |
| YTD Return | +21.42% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -14.5% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 5, 2025 | Jan 22, 1993 |
GTOP vs SPY Performance
Goldman Sachs Technology Opportunities ETF (GTOP) is a ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GTOP is up 21.42% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -14.5% for GTOP and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
GTOP charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, GTOP currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GTOP and SPY share 28 holdings out of 511 unique holdings combined, representing a 36.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GTOP or SPY?
GTOP has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
What is the holdings overlap between GTOP and SPY?
GTOP and SPY share 28 common holdings with a 36.1% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, GTOP or SPY?
GTOP yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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