GUSE vs SPY
Goldman Sachs Enhanced US Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GUSE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $366M | $821.1B | |
| Dividend Yield | 0.66% | 1.01% | |
| Holdings | 122 | 505 | |
| YTD Return | +12.65% | +12.71% | |
| 1Y Return | - | +20.53% | |
| 3Y Return (annualized) | - | +21.60% | |
| 5Y Return (annualized) | - | +12.79% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -8.5% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2008 | Jan 22, 1993 |
GUSE vs SPY Performance
Goldman Sachs Enhanced US Equity ETF (GUSE) 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, GUSE is up 12.65% versus a gain of 12.71% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.5% for GUSE 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
GUSE charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, GUSE currently yields 0.66% against 1.01% for SPY.
Holdings Overlap
GUSE and SPY share 97 holdings out of 528 unique holdings combined, representing a 57.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, GUSE or SPY?
GUSE has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
What is the holdings overlap between GUSE and SPY?
GUSE and SPY share 97 common holdings with a 57.0% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, GUSE or SPY?
GUSE yields 0.66% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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