CGCV vs GSPY
Capital Group Conservative Equity ETF vs The Gotham Enhanced 500 ETF
Which is better, CGCV or GSPY?
GSPY has been ahead.
CGCV has a lower expense ratio. GSPY led over 1Y and the full window. CGCV is less concentrated, with 33.0% of the fund in its ten largest positions against 39.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGCV | GSPY |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.50% |
| AUM | $2.1B | $723M |
| Dividend Yield | 1.59% | 2.28% |
| Holdings | 146 | 1,004 |
| YTD Return | +8.70% | +15.70%Best |
| 1Y Return | +11.37% | +20.41%Best |
| 3Y Return (annualized) | - | +22.71% |
| 5Y Return (annualized) | - | +13.69% |
| Volatility (annualized) | 9.9%Best | 11.6% |
| Max Drawdown | -13.1%Best | -18.7% |
| $10,000 over 2.3 years | $13,706 | $14,799Best |
| Top 10 Weight | 33.0%Best | 39.2% |
| Fund Family | Capital Group (US) | Gotham Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Dec 30, 2016 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 14, 2026 (2.3 years).
CGCV vs GSPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
CGCV vs GSPY Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds. Over the past year CGCV returned +11.37% while GSPY returned +20.41%. Year to date, CGCV is up 8.70% versus a gain of 15.70% for GSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSPY has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 9.9% for CGCV. 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 -13.1% for CGCV and -18.7% for GSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while GSPY charges 0.50%. On a $10,000 position that is $33 vs $50 annually, a gap of $17 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 2.28% for GSPY.
Holdings Overlap
92.0% of CGCV's money is in holdings GSPY also owns. 48.2% of GSPY's money is in holdings CGCV also owns.
Most of CGCV is already inside GSPY. Owning both mostly buys the same companies twice.
67 positions in common, counted across the 73 positions we hold weights for in CGCV and 501 in GSPY, against full books of 146 and 1,004.
What only one of them owns
Our book lists 412 positions for GSPY that do not appear in our book for CGCV (51.7% of the fund), and 2 for CGCV that do not appear in GSPY (2.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in GSPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.20% | 6.29% | 0.09% |
| AAPLApple, Inc | 3.07% | 6.97% | 3.90% |
| NVDANvidia Corp | 2.16% | 6.68% | 4.52% |
| GOOGLAlphabet Inc | 1.91% | 4.74% | 2.83% |
| AVGOBroadcom Inc | 4.04% | 1.60% | 2.44% |
| METAMeta Platforms Inc | 2.72% | 2.85% | 0.13% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.00% | 1.12% | 1.88% |
| JPMJpmorgan Chase | 2.40% | 1.36% | 1.04% |
| PMPhilip Morris International Inc. | 3.41% | 0.15% | 3.26% |
| LLYEli Lilly & Co. | 3.00% | 0.43% | 2.57% |
92.0% of CGCV is already inside GSPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGCV or GSPY?
CGCV has an expense ratio of 0.33% while GSPY charges 0.50%. CGCV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, CGCV or GSPY?
Over the past year CGCV returned +11.37% vs +20.41% for GSPY, so GSPY leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.69% vs +18.58% for GSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or GSPY?
GSPY has been the more volatile fund at 11.6% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs GSPY -18.7%.
Should I hold both CGCV and GSPY?
CGCV and GSPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGCV and GSPY?
92.0% of CGCV's money is in holdings GSPY also owns. 48.2% of GSPY's is in holdings CGCV also owns. They hold 67 positions in common, counted across the 73 positions we hold weights for in CGCV and 501 in GSPY.
Which pays a higher dividend, CGCV or GSPY?
CGCV yields 1.59% while GSPY yields 2.28%, so GSPY currently pays the higher dividend yield.
Is GSPY better than CGCV?
CGCV has a lower expense ratio. GSPY led over 1Y and the full window. CGCV is less concentrated, with 33.0% of the fund in its ten largest positions against 39.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.