GSPY vs SCHX
The Gotham Enhanced 500 ETF vs Schwab US Large-Cap ETF
Which is better, GSPY or SCHX?
Nearly the same fund. SCHX costs less.
SCHX has a lower expense ratio. GSPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. SCHX is less concentrated, with 36.9% 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 | GSPY | SCHX |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $723M | $75.3B |
| Dividend Yield | 2.28% | 1.04% |
| Holdings | 1,004 | 752 |
| YTD Return | +15.70%Best | +13.08% |
| 1Y Return | +20.41%Best | +16.62% |
| 3Y Return (annualized) | +22.71%Best | +22.27% |
| 5Y Return (annualized) | +13.69%Best | +12.56% |
| Volatility (annualized) | 14.6%Best | 15.0% |
| Max Drawdown | -23.3%Best | -25.4% |
| $10,000 over 5 years | $18,994Best | $18,068 |
| Top 10 Weight | 39.2% | 36.9%Best |
| Fund Family | Gotham Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | Nov 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2020 to Oct 14, 2026 (5.8 years).
GSPY vs SCHX 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 5.8 years both funds cover.
GSPY vs SCHX Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year GSPY returned +20.41% while SCHX returned +16.62%. Year to date, GSPY is up 15.70% versus a gain of 13.08% for SCHX.
Over three years, GSPY compounded at +22.71% per year against +22.27% for SCHX; over five years the annualized figures are +13.69% and +12.56% respectively. Across the full 6-year window we track, GSPY has the edge at +15.21% annualized vs +14.29%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.6% 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 -23.3% for GSPY and -25.4% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 SCHX charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, GSPY currently yields 2.28% against 1.04% for SCHX.
Holdings Overlap
99.3% of GSPY's money is in holdings SCHX also owns. 91.1% of SCHX's money is in holdings GSPY also owns.
Most of GSPY is already inside SCHX. Owning both mostly buys the same companies twice.
490 positions in common, counted across the 501 positions we hold weights for in GSPY and 752 in SCHX, against full books of 1,004 and 752.
What only one of them owns
Our book lists 239 positions for SCHX that do not appear in our book for GSPY (7.9% of the fund), and 4 for GSPY that do not appear in SCHX (0.6%).
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 SCHX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.68% | 8.02% | 1.34% |
| AAPLApple, Inc | 6.97% | 6.90% | 0.07% |
| MSFTMicrosoft Corp | 6.29% | 5.44% | 0.85% |
| AMZNAmazon.Com Inc | 4.57% | 3.50% | 1.07% |
| GOOGLAlphabet Inc | 4.74% | 2.86% | 1.88% |
| METAMeta Platforms Inc | 2.85% | 2.28% | 0.57% |
| MUMicron Technology, Inc. | 2.56% | 1.72% | 0.84% |
| AVGOBroadcom Inc | 1.60% | 2.40% | 0.80% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.57% | 1.33% | 0.24% |
| AMDAdvanced Micro Devices Inc | 1.27% | 1.47% | 0.20% |
99.3% of GSPY is already inside SCHX.
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 SCHX?
GSPY has an expense ratio of 0.50% while SCHX charges 0.03%. SCHX is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, GSPY or SCHX?
Over the past year GSPY returned +20.41% vs +16.62% for SCHX, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.21% vs +14.29% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or SCHX?
SCHX has been the more volatile fund at 15.0% annualized versus 14.6% for GSPY. Worst drawdown: GSPY -23.3% vs SCHX -25.4%.
Should I hold both GSPY and SCHX?
GSPY and SCHX have a monthly-return correlation of 0.99, 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 SCHX?
99.3% of GSPY's money is in holdings SCHX also owns. 91.1% of SCHX's is in holdings GSPY also owns. They hold 490 positions in common, counted across the 501 positions we hold weights for in GSPY and 752 in SCHX.
Which pays a higher dividend, GSPY or SCHX?
GSPY yields 2.28% while SCHX yields 1.04%, so GSPY currently pays the higher dividend yield.
Is SCHX better than GSPY?
SCHX has a lower expense ratio. GSPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. SCHX is less concentrated, with 36.9% 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.