LOPP vs SPY
Gabelli Love Our Planet & People ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LOPP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.09% | |
| AUM | $16M | $821.1B | |
| Dividend Yield | 0.74% | 1.01% | |
| Holdings | 69 | 505 | |
| YTD Return | +12.57% | +12.93% | |
| 1Y Return | +19.66% | +20.62% | |
| 3Y Return (annualized) | +16.86% | +22.00% | |
| 5Y Return (annualized) | +7.40% | +13.33% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -25.3% | -56.5% | |
| Fund Family | Gabelli Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 29, 2021 | Jan 22, 1993 |
LOPP vs SPY Performance
Gabelli Love Our Planet & People ETF (LOPP) is a ETF from Gabelli Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LOPP returned +19.66% while SPY returned +20.62%. Year to date, LOPP is up 12.57% versus a gain of 12.93% for SPY.
Over three years, LOPP compounded at +16.86% per year against +22.00% for SPY; over five years the annualized figures are +7.40% and +13.33% respectively. Across the full 6-year window we track, LOPP has the edge at +9.20% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LOPP 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 -25.3% for LOPP 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LOPP charges 0.90% per year while SPY charges 0.09%. On a $10,000 position that is $90 vs $9 annually, a gap of $81 per year that compounds over a long holding period. On income, LOPP currently yields 0.74% against 1.01% for SPY.
Holdings Overlap
LOPP and SPY share 21 holdings out of 551 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LOPP or SPY?
LOPP has an expense ratio of 0.90% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, LOPP or SPY?
Over the past year LOPP returned +19.66% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), LOPP annualized +9.20% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, LOPP or SPY?
LOPP has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: LOPP -25.3% vs SPY -56.5%.
Should I hold both LOPP and SPY?
LOPP and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LOPP and SPY?
LOPP and SPY share 21 common holdings with a 2.9% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, LOPP or SPY?
LOPP yields 0.74% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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