GVLU vs SPY
Gotham 1000 Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GVLU delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GVLU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $257M | $821.1B | |
| Dividend Yield | 5.71% | 1.01% | |
| Holdings | 476 | 505 | |
| YTD Return | +15.83% | +12.93% | |
| 1Y Return | +23.28% | +20.62% | |
| 3Y Return (annualized) | +16.29% | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -20.8% | -56.5% | |
| Fund Family | Gotham ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 7, 2022 | Jan 22, 1993 |
GVLU vs SPY Performance
Gotham 1000 Value ETF (GVLU) is a ETF from Gotham ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GVLU returned +23.28% while SPY returned +20.62%. Year to date, GVLU is up 15.83% versus a gain of 12.93% for SPY.
Over three years, GVLU compounded at +16.29% per year against +22.00% for SPY. Across the full 4-year window we track, GVLU has the edge at +12.45% annualized vs +8.82%. 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 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 5.71% against 1.01% for SPY.
Holdings Overlap
GVLU and SPY share 190 holdings out of 787 unique holdings combined, representing a 10.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $41 per year of difference.
Which performed better, GVLU or SPY?
Over the past year GVLU returned +23.28% vs +20.62% for SPY, so GVLU leads on 1-year performance. Over the longest common window we track (4 years), GVLU annualized +12.45% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, GVLU or SPY?
GVLU has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: GVLU -20.8% vs SPY -56.5%.
Should I hold both GVLU and SPY?
GVLU and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GVLU and SPY?
GVLU and SPY share 190 common holdings with a 10.6% weight overlap. Combined, they hold 787 unique securities.
Which pays a higher dividend, GVLU or SPY?
GVLU yields 5.71% while SPY yields 1.01%, so GVLU currently pays the higher dividend yield.
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