GVLU vs SPY
Gotham 1000 Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GVLU or SPY?
Each has led over a different period.
SPY has a lower expense ratio. GVLU led over 1Y, SPY over 3Y and the full window. GVLU is less concentrated, with 4.8% of the fund in its ten largest positions against 37.8%.
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 | GVLU | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $256M | $804.7B |
| Dividend Yield | 5.48% | 0.98% |
| Holdings | 475 | 505 |
| YTD Return | +12.49%Best | +12.09% |
| 1Y Return | +16.48%Best | +16.29% |
| 3Y Return (annualized) | +15.23% | +21.20%Best |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 17.1% | 14.7%Best |
| Max Drawdown | -20.8% | -18.8%Best |
| $10,000 over 4.3 years | $15,920 | $19,686Best |
| Top 10 Weight | 4.8%Best | 37.8% |
| Fund Family | Gotham ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 7, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 8, 2022 to Sep 18, 2026 (4.3 years).
GVLU 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 covers the 4.3 years both funds cover.
GVLU vs SPY Performance
Gotham 1000 Value ETF (GVLU) is an ETF from Gotham ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GVLU returned +16.48% while SPY returned +16.29%. Year to date, GVLU is up 12.49% versus a gain of 12.09% for SPY.
Over three years, GVLU compounded at +15.23% per year against +21.20% for SPY. Across the full 4-year window we track, SPY has the edge at +17.06% annualized vs +11.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVLU has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 14.7% for SPY. 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 -20.8% for GVLU and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GVLU charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, GVLU currently yields 5.48% against 0.98% for SPY.
Holdings Overlap
39.5% of GVLU's money is in holdings SPY also owns. 17.4% of SPY's money is in holdings GVLU also owns.
The two portfolios partly overlap.
189 positions in common, counted across the 480 positions we hold weights for in GVLU and 504 in SPY, against full books of 475 and 505.
What only one of them owns
Our book lists 310 positions for SPY that do not appear in our book for GVLU (82.0% of the fund), and 216 for GVLU that do not appear in SPY (50.1%).
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 GVLU | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 0.28% | 1.04% | 0.76% |
| SNDKSandisk Corp/De | 0.36% | 0.35% | 0.01% |
| COPConocophillips Common Stock USD 0.01 | 0.45% | 0.25% | 0.20% |
| NEMNewmont Corp Common | 0.49% | 0.20% | 0.29% |
| UNHUnitedhealth Group Incorporated | 0.12% | 0.55% | 0.43% |
| NFLXNetflix, Inc. | 0.08% | 0.52% | 0.44% |
| BMYBristol-Myers Squibb Co. | 0.38% | 0.21% | 0.17% |
| GMGeneral Motors Co | 0.46% | 0.12% | 0.34% |
| PGRProgressive Corporation | 0.38% | 0.20% | 0.18% |
| PFEPfizer Inc | 0.32% | 0.25% | 0.07% |
39.5% of GVLU 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, GVLU or SPY?
GVLU has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GVLU or SPY?
Over the past year GVLU returned +16.48% vs +16.29% for SPY, so GVLU leads on 1-year performance. Over the longest common window we track (4 years), GVLU annualized +11.42% vs +17.06% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVLU or SPY?
GVLU has been the more volatile fund at 17.1% annualized versus 14.7% for SPY. Worst drawdown: GVLU -20.8% vs SPY -18.8%.
Should I hold both GVLU and SPY?
GVLU and SPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GVLU and SPY?
39.5% of GVLU's money is in holdings SPY also owns. 17.4% of SPY's is in holdings GVLU also owns. They hold 189 positions in common, counted across the 480 positions we hold weights for in GVLU and 504 in SPY.
Which pays a higher dividend, GVLU or SPY?
GVLU yields 5.48% while SPY yields 0.98%, so GVLU currently pays the higher dividend yield.
Is SPY better than GVLU?
SPY has a lower expense ratio. GVLU led over 1Y, SPY over 3Y and the full window. GVLU is less concentrated, with 4.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.