GSPY vs. DSTL

Last updated Jun 26, 2026

GSPY (Gotham Enhanced 500 ETF) and DSTL (Distillate U.S. Fundamental Stability & Value ETF) are both exchange-traded funds - GSPY is a Large Cap Blend Equities fund actively managed by Gotham, while DSTL is a Large Cap Value Equities fund actively managed by Distillate Capital. Both are actively managed. Over the past 5 years, GSPY returned 12.94%/yr vs 8.87%/yr for DSTL. Their correlation of 0.85 suggests significant overlap in exposure. GSPY charges 0.50%/yr vs 0.39%/yr for DSTL.

Performance

GSPY vs. DSTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Enhanced 500 ETF (GSPY) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSPY achieves a 8.27% return, which is significantly higher than DSTL's 1.53% return.

GSPY

• 1D: -0.02%
• 1M: -1.94%
• YTD: 8.27%
• 6M: 7.08%
• 1Y: 23.11%
• 3Y*: 20.74%
• 5Y*: 12.94%
• 10Y*: —

DSTL

• 1D: 0.52%
• 1M: 0.38%
• YTD: 1.53%
• 6M: 0.28%
• 1Y: 10.18%
• 3Y*: 12.00%
• 5Y*: 8.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSPY vs. DSTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GSPY Gotham Enhanced 500 ETF	8.27%	18.28%	23.58%	26.01%	-17.07%	27.53%	0.25%
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.53%	8.71%	12.78%	22.71%	-10.64%	28.87%	0.73%

Correlation

The correlation between GSPY and DSTL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020	0.85

Over the past year, the correlation between GSPY and DSTL has dropped to 0.60 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

GSPY vs. DSTL - Sectors Allocation Comparison

Sectors	GSPY	DSTL
Technology	38.5%	31.1%
Financial Services	11.4%	6.8%
Consumer Cyclical	11.0%	11.9%
Communication Services	10.1%	6.7%
Healthcare	8.8%	20.3%
Industrials	8.0%	12.9%
Consumer Defensive	5.6%	3.3%
Energy	2.7%	5.4%
Real Estate	2.1%	-
Basic Materials	1.2%	0.7%
Utilities	0.7%	1.0%

Return for Risk

GSPY vs. DSTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSPY

GSPY Risk / Return Rank: 64
GSPY Sharpe Ratio Rank: 63
GSPY Sortino Ratio Rank: 58
GSPY Omega Ratio Rank: 62
GSPY Calmar Ratio Rank: 63
GSPY Martin Ratio Rank: 72

DSTL

DSTL Risk / Return Rank: 26
DSTL Sharpe Ratio Rank: 25
DSTL Sortino Ratio Rank: 25
DSTL Omega Ratio Rank: 23
DSTL Calmar Ratio Rank: 28
DSTL Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSPY vs. DSTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GSPY	DSTL	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.85	+0.97
Sortino ratio: Return per unit of downside risk	2.42	1.30	+1.12
Omega ratio: Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio: Return relative to maximum drawdown	2.69	1.23	+1.46
Martin ratio: Return relative to average drawdown	11.64	3.51	+8.13

GSPY vs. DSTL - Sharpe Ratio Comparison

The current GSPY Sharpe Ratio is 1.81, which is higher than the DSTL Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GSPY and DSTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSPY vs. DSTL - Drawdown Comparison

The maximum GSPY drawdown since its inception was -23.30%, smaller than the maximum DSTL drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for GSPY and DSTL.

Drawdown Indicators

	GSPY	DSTL	Difference
Max Drawdown Largest peak-to-trough decline	-23.30%	-33.09%	+9.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-8.30%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-16.92%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	-20.10%	-3.20%
Current Drawdown Current decline from peak	-3.27%	-3.57%	+0.30%
Average Drawdown Average peak-to-trough decline	-4.72%	-4.15%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.91%	-0.92%

Volatility

GSPY vs. DSTL - Volatility Comparison

Gotham Enhanced 500 ETF (GSPY) and Distillate U.S. Fundamental Stability & Value ETF (DSTL) have volatilities of 4.41% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPY	DSTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	4.21%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	8.85%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	12.10%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	15.80%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	19.37%	-3.04%

GSPY vs. DSTL - Expense Ratio Comparison

GSPY has a 0.50% expense ratio, which is higher than DSTL's 0.39% expense ratio.

Dividends

GSPY vs. DSTL - Dividend Comparison

GSPY's dividend yield for the trailing twelve months is around 2.41%, more than DSTL's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.24%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%
GSPY Gotham Enhanced 500 ETF	2.41%	2.61%	0.84%	1.06%	1.25%	0.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSPY and DSTL in my portfolio?

GSPY and DSTL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSPY or DSTL?

GSPY has higher volatility (4.41%) compared to DSTL (4.21%). In terms of maximum drawdown, GSPY dropped -23.30% vs DSTL's -33.09%.

Which ETF is better, GSPY or DSTL?

On 5-year performance, GSPY leads with 12.94% vs 8.87% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSTL has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSPY or DSTL?

Over the 5-year period, GSPY has performed better with a 12.94% return vs 8.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSPY or DSTL?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.50% for GSPY.

Which ETF pays a higher dividend yield, GSPY or DSTL?

GSPY has the higher dividend yield at 2.41%, compared with 1.24% for DSTL.

What is the main difference between GSPY and DSTL?

GSPY is categorized as Large Cap Blend Equities, while DSTL is Large Cap Value Equities. They also come from different issuers: Gotham and Distillate Capital. Their fees differ too: 0.50% for GSPY and 0.39% for DSTL.

Which has better risk-adjusted returns?

GSPY currently has the higher Sharpe Ratio (1.81 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.