GSPY vs. SCHK

Last updated Jun 26, 2026

GSPY (Gotham Enhanced 500 ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds. GSPY is actively managed, while SCHK is passively managed. Over the past 5 years, GSPY returned 12.94%/yr vs 12.22%/yr for SCHK. With a 0.98 correlation, they move nearly in lockstep. GSPY charges 0.50%/yr vs 0.03%/yr for SCHK.

Performance

GSPY vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Enhanced 500 ETF (GSPY) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GSPY having a 8.27% return and SCHK slightly higher at 8.52%.

GSPY

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

SCHK

• 1D: 0.06%
• 1M: -1.68%
• YTD: 8.52%
• 6M: 7.14%
• 1Y: 22.28%
• 3Y*: 20.89%
• 5Y*: 12.22%
• 10Y*: —

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

GSPY vs. SCHK - 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%
SCHK Schwab 1000 Index ETF	8.52%	17.23%	24.48%	26.63%	-19.51%	26.17%	0.43%

Correlation

The correlation between GSPY and SCHK is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020	0.98

The correlation between GSPY and SCHK has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

GSPY vs. SCHK - Sectors Allocation Comparison

Sectors	GSPY	SCHK
Technology	38.5%	38.0%
Financial Services	11.4%	11.2%
Consumer Cyclical	11.0%	9.8%
Communication Services	10.1%	10.1%
Healthcare	8.8%	8.4%
Industrials	8.0%	8.9%
Consumer Defensive	5.6%	4.3%
Energy	2.7%	3.2%
Real Estate	2.1%	2.0%
Basic Materials	1.2%	1.9%
Utilities	0.7%	2.1%

Return for Risk

GSPY vs. SCHK — 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

SCHK

SCHK Risk / Return Rank: 61
SCHK Sharpe Ratio Rank: 62
SCHK Sortino Ratio Rank: 59
SCHK Omega Ratio Rank: 60
SCHK Calmar Ratio Rank: 59
SCHK Martin Ratio Rank: 69

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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and Schwab 1000 Index ETF (SCHK). 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	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.75	+0.06
Sortino ratio: Return per unit of downside risk	2.42	2.40	+0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.69	2.50	+0.20
Martin ratio: Return relative to average drawdown	11.64	11.02	+0.62

GSPY vs. SCHK - Sharpe Ratio Comparison

The current GSPY Sharpe Ratio is 1.81, which is comparable to the SCHK Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of GSPY and SCHK, 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. SCHK - Drawdown Comparison

The maximum GSPY drawdown since its inception was -23.30%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for GSPY and SCHK.

Drawdown Indicators

	GSPY	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-23.30%	-34.80%	+11.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-8.97%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-19.21%	+0.54%
Max Drawdown (5Y) Largest decline over 5 years	-23.30%	-25.44%	+2.14%
Current Drawdown Current decline from peak	-3.27%	-3.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-4.72%	-5.16%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.03%	-0.04%

Volatility

GSPY vs. SCHK - Volatility Comparison

The current volatility for Gotham Enhanced 500 ETF (GSPY) is 4.41%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.87%. This indicates that GSPY experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSPY	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	4.87%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	10.04%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	12.77%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	17.33%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	19.11%	-2.78%

GSPY vs. SCHK - Expense Ratio Comparison

GSPY has a 0.50% expense ratio, which is higher than SCHK's 0.03% expense ratio.

Dividends

GSPY vs. SCHK - Dividend Comparison

GSPY's dividend yield for the trailing twelve months is around 2.41%, more than SCHK's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSPY Gotham Enhanced 500 ETF	2.41%	2.61%	0.84%	1.06%	1.25%	0.23%	0.00%	0.00%	0.00%	0.00%
SCHK Schwab 1000 Index ETF	1.05%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both GSPY and SCHK in my portfolio?

With a correlation of 0.97, GSPY and SCHK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GSPY or SCHK?

SCHK has higher volatility (4.87%) compared to GSPY (4.41%). In terms of maximum drawdown, GSPY dropped -23.30% vs SCHK's -34.80%.

Which ETF is better, GSPY or SCHK?

On 5-year performance, GSPY leads with 12.94% vs 12.22% for SCHK. On fees, SCHK is cheaper at 0.03% per year. On volatility, GSPY has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GSPY or SCHK?

Over the 5-year period, GSPY has performed better with a 12.94% return vs 12.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSPY or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.50% for GSPY.

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

GSPY has the higher dividend yield at 2.41%, compared with 1.05% for SCHK.

What is the main difference between GSPY and SCHK?

They also come from different issuers: Gotham and Charles Schwab. Their fees differ too: 0.50% for GSPY and 0.03% for SCHK.

Which has better risk-adjusted returns?

GSPY currently has the higher Sharpe Ratio (1.81 vs 1.75), 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.