GVLE vs SPY
Goldman Sachs Value Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GVLE or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. GVLE led over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 48.7%.
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 | GVLE | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $43M | $804.7B |
| Dividend Yield | 0.98% | 0.98% |
| Holdings | 32 | 505 |
| YTD Return | +17.81%Best | +12.47% |
| 1Y Return | - | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Top 10 Weight | 48.7% | 38.0%Best |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 31, 2015 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
GVLE vs SPY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GVLE vs SPY Performance
Goldman Sachs Value Opportunities ETF (GVLE) is an ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, GVLE is up 17.81% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
GVLE charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, GVLE currently yields 0.98% against 0.98% for SPY.
Holdings Overlap
94.1% of GVLE's money is in holdings SPY also owns. 20.1% of SPY's money is in holdings GVLE also owns.
Most of GVLE is already inside SPY. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 31 positions we hold weights for in GVLE and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 464 positions for SPY that do not appear in our book for GVLE (79.4% of the fund), and 0 for GVLE that do not appear in SPY (0.0%).
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 GVLE | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.89% | 5.50% | 2.39% |
| AMZNAmazon.Com Inc | 9.00% | 4.08% | 4.92% |
| JPMJpmorgan Chase & Co. | 4.89% | 1.44% | 3.45% |
| BRK.BBerkshire Hathaway B | 3.82% | 1.42% | 2.40% |
| MRKMerck & Co. Inc. | 4.33% | 0.47% | 3.86% |
| MSMorgan Stanley | 3.71% | 0.39% | 3.32% |
| COPConocophillips Co | 3.83% | 0.22% | 3.61% |
| WMTWalmart, Inc. | 3.27% | 0.73% | 2.54% |
| TMOThermo Fisher Scientific Inc | 3.57% | 0.32% | 3.25% |
| AMDAdvanced Micro Devices Inc. | 2.58% | 1.27% | 1.31% |
94.1% of GVLE is already inside SPY.
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, GVLE or SPY?
GVLE has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
What is the holdings overlap between GVLE and SPY?
94.1% of GVLE's money is in holdings SPY also owns. 20.1% of SPY's is in holdings GVLE also owns. They hold 30 positions in common, counted across the 31 positions we hold weights for in GVLE and 504 in SPY.
Which pays a higher dividend, GVLE or SPY?
GVLE yields 0.98% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GVLE?
SPY has a lower expense ratio. GVLE led over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 48.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.