GSPY vs. SPY
Compare and contrast key facts about Gotham Enhanced 500 ETF (GSPY) and SPDR S&P 500 ETF (SPY).
GSPY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSPY is an actively managed fund by Gotham. It was launched on Dec 28, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPY or SPY.
Correlation
The correlation between GSPY and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSPY vs. SPY - Performance Comparison
Key characteristics
GSPY:
1.80
SPY:
1.75
GSPY:
2.43
SPY:
2.36
GSPY:
1.33
SPY:
1.32
GSPY:
2.80
SPY:
2.66
GSPY:
11.47
SPY:
11.01
GSPY:
1.94%
SPY:
2.03%
GSPY:
12.43%
SPY:
12.77%
GSPY:
-23.30%
SPY:
-55.19%
GSPY:
-1.89%
SPY:
-2.12%
Returns By Period
In the year-to-date period, GSPY achieves a 2.91% return, which is significantly higher than SPY's 2.36% return.
GSPY
2.91%
-0.84%
7.81%
19.58%
N/A
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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GSPY vs. SPY - Expense Ratio Comparison
GSPY has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GSPY vs. SPY — Risk-Adjusted Performance Rank
GSPY
SPY
GSPY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and SPDR S&P 500 ETF (SPY). 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.
Dividends
GSPY vs. SPY - Dividend Comparison
GSPY's dividend yield for the trailing twelve months is around 0.82%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPY Gotham Enhanced 500 ETF | 0.82% | 0.84% | 1.06% | 1.25% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GSPY vs. SPY - Drawdown Comparison
The maximum GSPY drawdown since its inception was -23.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GSPY and SPY. For additional features, visit the drawdowns tool.
Volatility
GSPY vs. SPY - Volatility Comparison
Gotham Enhanced 500 ETF (GSPY) and SPDR S&P 500 ETF (SPY) have volatilities of 3.27% and 3.38%, 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.