GVLE vs SPY
Goldman Sachs Value Opportunities ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GVLE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GVLE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $43M | $821.1B | |
| Dividend Yield | 1.00% | 1.01% | |
| Holdings | 32 | 505 | |
| YTD Return | +18.89% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.9% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 31, 2015 | Jan 22, 1993 |
GVLE vs SPY Performance
Goldman Sachs Value Opportunities ETF (GVLE) 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, GVLE is up 18.89% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.9% for GVLE 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
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 1.00% against 1.01% for SPY.
Holdings Overlap
GVLE and SPY share 30 holdings out of 505 unique holdings combined, representing a 20.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between GVLE and SPY?
GVLE and SPY share 30 common holdings with a 20.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, GVLE or SPY?
GVLE yields 1.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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