GGTL vs SPY
Gabelli Global Technology Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GGTL or SPY?
Each has led over a different period.
GGTL has a lower expense ratio. GGTL led over 1Y, SPY over 3Y and the full window.
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 | GGTL | SPY |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.09% |
| AUM | $16M | $823.2B |
| Dividend Yield | 0.82% | 0.99% |
| Holdings | 149 | 1,515 |
| YTD Return | +21.53%Best | +13.53% |
| 1Y Return | +22.76%Best | +17.47% |
| 3Y Return (annualized) | +20.64% | +22.36%Best |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 18.7% | 15.5%Best |
| Max Drawdown | -23.6% | -23.4%Best |
| $10,000 over 4.8 years | $16,282 | $17,563Best |
| Fund Family | Gabelli Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 5, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Jan 5, 2022 to Oct 14, 2026 (4.8 years).
GGTL vs SPY 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 4.8 years both funds cover.
GGTL vs SPY Performance
Gabelli Global Technology Leaders ETF (GGTL) is an ETF from Gabelli Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GGTL returned +22.76% while SPY returned +17.47%. Year to date, GGTL is up 21.53% versus a gain of 13.53% for SPY.
Over three years, GGTL compounded at +20.64% per year against +22.36% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGTL has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 15.5% 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 -23.6% for GGTL and -23.4% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGTL charges 0.00% per year while SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, GGTL currently yields 0.82% against 0.99% for SPY.
Holdings Overlap
At least 29.9% of SPY's money is in holdings GGTL also owns.
Stated as a floor: for GGTL, our book for it covers 85.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and GGTL share little of their money.
24 positions in common, counted across the 70 positions we hold weights for in GGTL and 504 in SPY, against full books of 149 and 1,515.
Top Shared Holdings
| Stock | Weight in GGTL | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.32% | 7.78% | 5.46% |
| MSFTMicrosoft Corp | 1.84% | 5.71% | 3.87% |
| AMDAdvanced Micro Devices Inc | 4.54% | 1.22% | 3.32% |
| AVGOBroadcom Inc | 2.65% | 2.48% | 0.17% |
| AMZNAmazon.Com Inc | 0.84% | 3.78% | 2.94% |
| ORCLOracle Corp - Common | 3.16% | 0.37% | 2.79% |
| ANETArista Networks Inc. | 3.15% | 0.30% | 2.85% |
| GOOGLAlphabet Inc | 0.31% | 3.12% | 2.81% |
| MUMicron Technology, Inc. | 1.72% | 1.59% | 0.13% |
| TXNTexas Instrument Inc | 1.90% | 0.36% | 1.54% |
29.9% of SPY is already inside GGTL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, GGTL or SPY?
GGTL has an expense ratio of 0.00% while SPY charges 0.09%. GGTL is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, GGTL or SPY?
Over the past year GGTL returned +22.76% vs +17.47% for SPY, so GGTL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GGTL or SPY?
GGTL has been the more volatile fund at 18.7% annualized versus 15.5% for SPY. Worst drawdown: GGTL -23.6% vs SPY -23.4%.
Should I hold both GGTL and SPY?
GGTL and SPY have a monthly-return correlation of 0.82, 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 GGTL and SPY?
At least 29.9% of SPY's money is in holdings GGTL also owns. Our book for GGTL is partial, so the real figure is this or higher. They hold 24 positions in common, counted across the 70 positions we hold weights for in GGTL and 504 in SPY.
Which pays a higher dividend, GGTL or SPY?
GGTL yields 0.82% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than GGTL?
GGTL has a lower expense ratio. GGTL led over 1Y, SPY over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.