GQI vs SPY
Natixis Gateway Quality Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GQI or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. GQI led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.95.
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 | GQI | SPY |
|---|---|---|
| Expense Ratio | 0.34% | 0.09%Best |
| AUM | $304M | $823.2B |
| Dividend Yield | 8.66% | 0.99% |
| Holdings | 110 | 1,515 |
| YTD Return | +15.06%Best | +13.53% |
| 1Y Return | +21.24%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 8.8%Best | 11.6% |
| Max Drawdown | -16.6%Best | -18.8% |
| $10,000 over 2.8 years | $15,358 | $16,845Best |
| Fund Family | Natixis Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 13, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
GQI 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 2.8 years both funds cover.
GQI vs SPY Performance
Natixis Gateway Quality Income ETF (GQI) is an ETF from Natixis Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GQI returned +21.24% while SPY returned +17.47%. Year to date, GQI is up 15.06% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 8.8% for GQI. 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 -16.6% for GQI and -18.8% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GQI charges 0.34% per year while SPY charges 0.09%. On a $10,000 position that is $34 vs $9 annually, a gap of $25 per year that compounds over a long holding period. On income, GQI currently yields 8.66% against 0.99% for SPY.
Holdings Overlap
At least 57.5% of SPY's money is in holdings GQI also owns.
Stated as a floor: for GQI, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
104 positions in common, counted across the 118 positions we hold weights for in GQI and 504 in SPY, against full books of 110 and 1,515.
Top Shared Holdings
| Stock | Weight in GQI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.31% | 7.78% | 0.53% |
| AAPLApple, Inc | 7.52% | 7.45% | 0.07% |
| MSFTMicrosoft Corp | 4.06% | 5.71% | 1.65% |
| GOOGLAlphabet Inc | 5.23% | 3.12% | 2.11% |
| AMZNAmazon.Com Inc | 3.31% | 3.78% | 0.47% |
| AVGOBroadcom Inc | 2.08% | 2.48% | 0.40% |
| METAMeta Platforms Inc | 2.11% | 2.22% | 0.11% |
| MUMicron Technology, Inc. | 1.86% | 1.59% | 0.27% |
| MAMastercard Inc | 2.31% | 0.71% | 1.60% |
| LLYEli Lilly & Co. | 1.39% | 1.37% | 0.02% |
57.5% of SPY is already inside GQI.
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, GQI or SPY?
GQI has an expense ratio of 0.34% while SPY charges 0.09%. SPY is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, GQI or SPY?
Over the past year GQI returned +21.24% vs +17.47% for SPY, so GQI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQI or SPY?
SPY has been the more volatile fund at 11.6% annualized versus 8.8% for GQI. Worst drawdown: GQI -16.6% vs SPY -18.8%.
Should I hold both GQI and SPY?
GQI and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GQI and SPY?
At least 57.5% of SPY's money is in holdings GQI also owns. Our book for GQI is partial, so the real figure is this or higher. They hold 104 positions in common, counted across the 118 positions we hold weights for in GQI and 504 in SPY.
Which pays a higher dividend, GQI or SPY?
GQI yields 8.66% while SPY yields 0.99%, so GQI currently pays the higher dividend yield.
Is SPY better than GQI?
SPY has a lower expense ratio. GQI led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.