GSPY vs QLTY
The Gotham Enhanced 500 ETF vs GMO US Quality ETF
Which is better, GSPY or QLTY?
Each has led over a different period.
GSPY led over 3Y and the full window, QLTY over 1Y. The two have moved almost in lockstep, correlation 0.94. GSPY is less concentrated, with 39.2% of the fund in its ten largest positions against 45.5%.
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 | GSPY | QLTY |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $723M | $5.4B |
| Dividend Yield | 2.28% | 0.66% |
| Holdings | 1,004 | 90 |
| YTD Return | +15.70%Best | +14.13% |
| 1Y Return | +20.41% | +20.95%Best |
| 3Y Return (annualized) | +22.71%Best | +21.84% |
| 5Y Return (annualized) | +13.69% | - |
| Volatility (annualized) | 11.4%Best | 11.9% |
| Max Drawdown | -18.7% | -17.0%Best |
| $10,000 over 2.9 years | $17,881Best | $17,733 |
| Top 10 Weight | 39.2%Best | 45.5% |
| Fund Family | Gotham Funds | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | Nov 13, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 14, 2026 (2.9 years).
GSPY vs QLTY 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 2.9 years both funds cover.
GSPY vs QLTY Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year GSPY returned +20.41% while QLTY returned +20.95%. Year to date, GSPY is up 15.70% versus a gain of 14.13% for QLTY.
Over three years, GSPY compounded at +22.71% per year against +21.84% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.4% for GSPY. 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 -18.7% for GSPY and -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSPY charges 0.50% per year while QLTY charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, GSPY currently yields 2.28% against 0.66% for QLTY.
Holdings Overlap
45.9% of GSPY's money is in holdings QLTY also owns. 96.3% of QLTY's money is in holdings GSPY also owns.
Most of QLTY is already inside GSPY. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 501 positions we hold weights for in GSPY and 45 in QLTY, against full books of 1,004 and 90.
What only one of them owns
Our book lists 3 positions for QLTY that do not appear in our book for GSPY (3.4% of the fund), and 437 for GSPY that do not appear in QLTY (54.0%).
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 GSPY | Weight in QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.29% | 8.00% | 1.71% |
| AAPLApple, Inc | 6.97% | 4.20% | 2.77% |
| NVDANvidia Corp | 6.68% | 3.30% | 3.38% |
| GOOGLAlphabet Inc | 4.74% | 4.90% | 0.16% |
| AMZNAmazon.Com Inc | 4.57% | 3.50% | 1.07% |
| METAMeta Platforms Inc | 2.85% | 4.80% | 1.95% |
| AVGOBroadcom Inc | 1.60% | 3.70% | 2.10% |
| LRCXLam Research Corp | 0.69% | 4.20% | 3.51% |
| JNJJohnson & Johnson - Common | 0.37% | 4.10% | 3.73% |
| TXNTexas Instrument Inc | 0.60% | 3.80% | 3.20% |
96.3% of QLTY 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, GSPY or QLTY?
GSPY has an expense ratio of 0.50% while QLTY charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, GSPY or QLTY?
Over the past year GSPY returned +20.41% vs +20.95% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 11.4% for GSPY. Worst drawdown: GSPY -18.7% vs QLTY -17.0%.
Should I hold both GSPY and QLTY?
GSPY and QLTY have a monthly-return correlation of 0.94, 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 GSPY and QLTY?
96.3% of QLTY's money is in holdings GSPY also owns. 96.3% of QLTY's is in holdings GSPY also owns. They hold 42 positions in common, counted across the 501 positions we hold weights for in GSPY and 45 in QLTY.
Which pays a higher dividend, GSPY or QLTY?
GSPY yields 2.28% while QLTY yields 0.66%, so GSPY currently pays the higher dividend yield.
Is QLTY better than GSPY?
GSPY led over 3Y and the full window, QLTY over 1Y. The two have moved almost in lockstep, correlation 0.94. GSPY is less concentrated, with 39.2% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.