GXUS vs SPY
Goldman Sachs MarketBeta Total International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GXUS delivered stronger 1-year returns. GXUS offers more diversification with 1567 holdings.
Side-by-Side Comparison
| Metric | GXUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $623M | $789.1B | |
| Dividend Yield | 2.30% | 1.01% | |
| Holdings | 2,473 | 505 | |
| YTD Return | +15.87% | +13.79% | |
| 1Y Return | +28.83% | +23.66% | |
| 3Y Return (annualized) | +18.52% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 12.8% | 15.3% | |
| Max Drawdown | -14.3% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 31, 2023 | Jan 22, 1993 |
GXUS vs SPY Performance
Goldman Sachs MarketBeta Total International Equity ETF (GXUS) 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. Over the past year GXUS returned +28.83% while SPY returned +23.66%. Year to date, GXUS is up 15.87% versus a gain of 13.79% for SPY.
Over three years, GXUS compounded at +18.52% per year against +21.40% for SPY. Across the full 3-year window we track, GXUS has the edge at +18.07% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for GXUS. 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 -14.3% for GXUS 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GXUS charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, GXUS currently yields 2.30% against 1.01% for SPY.
Holdings Overlap
GXUS and SPY share 5 holdings out of 2065 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GXUS or SPY?
GXUS has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, GXUS or SPY?
Over the past year GXUS returned +28.83% vs +23.66% for SPY, so GXUS leads on 1-year performance. Over the longest common window we track (3 years), GXUS annualized +18.07% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GXUS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for GXUS. Worst drawdown: GXUS -14.3% vs SPY -56.5%.
Should I hold both GXUS and SPY?
GXUS and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GXUS and SPY?
GXUS and SPY share 5 common holdings with a 0.2% weight overlap. Combined, they hold 2065 unique securities.
Which pays a higher dividend, GXUS or SPY?
GXUS yields 2.30% while SPY yields 1.01%, so GXUS currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.