GOP vs SPYM
Subversive Congressional Republicans Trading ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, GOP or SPYM?
Each has led over a different period.
SPYM has a lower expense ratio. GOP led over 1Y, SPYM over 3Y and the full window. GOP is less concentrated, with 38.4% of the fund in its ten largest positions against 39.0%.
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 | GOP | SPYM |
|---|---|---|
| Expense Ratio | 0.73% | 0.02%Best |
| AUM | $94M | $185.2B |
| Dividend Yield | 0.56% | 1.01% |
| Holdings | 141 | 509 |
| YTD Return | +19.48%Best | +13.57% |
| 1Y Return | +22.08%Best | +17.53% |
| 3Y Return (annualized) | +21.66% | +22.46%Best |
| 5Y Return (annualized) | - | +13.29% |
| Volatility (annualized) | 13.2% | 12.2%Best |
| Max Drawdown | -20.7% | -18.7%Best |
| $10,000 over 3.7 years | $17,781 | $19,548Best |
| Top 10 Weight | 38.4%Best | 39.0% |
| Fund Family | Subversive Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 7, 2023 | Nov 8, 2005 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 7, 2023 to Oct 14, 2026 (3.7 years).
GOP vs SPYM 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 3.7 years both funds cover.
GOP vs SPYM Performance
Subversive Congressional Republicans Trading ETF (GOP) is an ETF from Subversive Capital and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year GOP returned +22.08% while SPYM returned +17.53%. Year to date, GOP is up 19.48% versus a gain of 13.57% for SPYM.
Over three years, GOP compounded at +21.66% per year against +22.46% for SPYM. Across the full 4-year window we track, SPYM has the edge at +19.86% annualized vs +16.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOP has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.2% for SPYM. 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 -20.7% for GOP and -18.7% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GOP charges 0.73% per year while SPYM charges 0.02%. On a $10,000 position that is $73 vs $2 annually, a gap of $71 per year that compounds over a long holding period. On income, GOP currently yields 0.56% against 1.01% for SPYM.
Holdings Overlap
70.3% of GOP's money is in holdings SPYM also owns. 54.2% of SPYM's money is in holdings GOP also owns.
Most of GOP is already inside SPYM. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 135 positions we hold weights for in GOP and 505 in SPYM, against full books of 141 and 509.
What only one of them owns
Our book lists 412 positions for SPYM that do not appear in our book for GOP (45.1% of the fund), and 42 for GOP that do not appear in SPYM (24.4%).
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 GOP | Weight in SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.48% | 8.49% | 5.01% |
| AAPLApple, Inc | 0.57% | 7.30% | 6.73% |
| FIXComfort Systems USA Inc. | 7.59% | 0.09% | 7.50% |
| INTCIntel Corporation | 6.45% | 0.89% | 5.56% |
| MSFTMicrosoft Corp | 0.56% | 5.76% | 5.20% |
| JPMJpmorgan Chase | 4.17% | 1.32% | 2.85% |
| AMDAdvanced Micro Devices Inc | 3.29% | 1.55% | 1.74% |
| AMZNAmazon.Com Inc | 0.63% | 3.70% | 3.07% |
| ANETArista Networks Inc. | 3.65% | 0.33% | 3.32% |
| AVGOBroadcom Inc | 0.84% | 2.53% | 1.69% |
70.3% of GOP is already inside SPYM.
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, GOP or SPYM?
GOP has an expense ratio of 0.73% while SPYM charges 0.02%. SPYM is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, GOP or SPYM?
Over the past year GOP returned +22.08% vs +17.53% for SPYM, so GOP leads on 1-year performance. Over the longest common window we track (4 years), GOP annualized +16.83% vs +19.86% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOP or SPYM?
GOP has been the more volatile fund at 13.2% annualized versus 12.2% for SPYM. Worst drawdown: GOP -20.7% vs SPYM -18.7%.
Should I hold both GOP and SPYM?
GOP and SPYM have a monthly-return correlation of 0.89, 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 GOP and SPYM?
70.3% of GOP's money is in holdings SPYM also owns. 54.2% of SPYM's is in holdings GOP also owns. They hold 87 positions in common, counted across the 135 positions we hold weights for in GOP and 505 in SPYM.
Which pays a higher dividend, GOP or SPYM?
GOP yields 0.56% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than GOP?
SPYM has a lower expense ratio. GOP led over 1Y, SPYM over 3Y and the full window. GOP is less concentrated, with 38.4% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.