GSPY vs USMC
The Gotham Enhanced 500 ETF vs Principal U.S. Mega-Cap ETF
Which is better, GSPY or USMC?
Nearly the same fund. USMC costs less.
USMC has a lower expense ratio. GSPY led over 1Y and 3Y, USMC over 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. GSPY is less concentrated, with 39.2% of the fund in its ten largest positions against 55.3%.
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 | USMC |
|---|---|---|
| Expense Ratio | 0.50% | 0.12%Best |
| AUM | $723M | $5.2B |
| Dividend Yield | 2.28% | 0.74% |
| Holdings | 1,004 | 58 |
| YTD Return | +15.70%Best | +13.98% |
| 1Y Return | +20.41%Best | +14.91% |
| 3Y Return (annualized) | +22.71%Best | +22.22% |
| 5Y Return (annualized) | +13.69% | +14.81%Best |
| Volatility (annualized) | 14.6%Tie | 14.6%Tie |
| Max Drawdown | -23.3%Best | -24.1% |
| $10,000 over 5 years | $18,994 | $19,948Best |
| Top 10 Weight | 39.2%Best | 55.3% |
| Fund Family | Gotham Funds | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | Oct 11, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2020 to Oct 14, 2026 (5.8 years).
GSPY vs USMC 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 USMC Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year GSPY returned +20.41% while USMC returned +14.91%. Year to date, GSPY is up 15.70% versus a gain of 13.98% for USMC.
Over three years, GSPY compounded at +22.71% per year against +22.22% for USMC; over five years the annualized figures are +13.69% and +14.81% respectively. Across the full 6-year window we track, USMC has the edge at +15.83% annualized vs +15.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GSPY and USMC have been equally volatile, both at 14.6% annualized.
The deepest peak-to-trough decline in our data was -23.3% for GSPY and -24.1% for USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 USMC charges 0.12%. On a $10,000 position that is $50 vs $12 annually, a gap of $38 per year that compounds over a long holding period. On income, GSPY currently yields 2.28% against 0.74% for USMC.
Holdings Overlap
49.0% of GSPY's money is in holdings USMC also owns. 99.7% of USMC's money is in holdings GSPY also owns.
Most of USMC is already inside GSPY. Owning both mostly buys the same companies twice.
26 positions in common, counted across the 501 positions we hold weights for in GSPY and 27 in USMC, against full books of 1,004 and 58.
What only one of them owns
Our book lists 1 positions for USMC that do not appear in our book for GSPY (0.2% of the fund), and 453 for GSPY that do not appear in USMC (50.8%).
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 USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.68% | 7.99% | 1.31% |
| AAPLApple, Inc | 6.97% | 7.40% | 0.43% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.29% | 5.55% | 0.74% |
| GOOGLAlphabet Inc Cap Stk Cl A | 4.74% | 5.33% | 0.59% |
| MUMicron Technology, Inc. | 2.56% | 7.18% | 4.62% |
| AMZNAmazon.Com Inc | 4.57% | 3.77% | 0.80% |
| METAMeta Platform Inc | 2.85% | 3.92% | 1.07% |
| AVGOBroadcom Inc | 1.60% | 4.44% | 2.84% |
| JPMJpmorgan Chase | 1.36% | 4.65% | 3.29% |
| VVisa Inc-class A Shares | 1.07% | 4.54% | 3.47% |
99.7% of USMC 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 USMC?
GSPY has an expense ratio of 0.50% while USMC charges 0.12%. USMC is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, GSPY or USMC?
Over the past year GSPY returned +20.41% vs +14.91% for USMC, so GSPY leads on 1-year performance. Over the longest common window we track (6 years), GSPY annualized +15.21% vs +15.83% for USMC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or USMC?
GSPY and USMC have been equally volatile, both at 14.6% annualized. Worst drawdown: GSPY -23.3% vs USMC -24.1%.
Should I hold both GSPY and USMC?
GSPY and USMC have a monthly-return correlation of 0.97, 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 USMC?
99.7% of USMC's money is in holdings GSPY also owns. 99.7% of USMC's is in holdings GSPY also owns. They hold 26 positions in common, counted across the 501 positions we hold weights for in GSPY and 27 in USMC.
Which pays a higher dividend, GSPY or USMC?
GSPY yields 2.28% while USMC yields 0.74%, so GSPY currently pays the higher dividend yield.
Is USMC better than GSPY?
USMC has a lower expense ratio. GSPY led over 1Y and 3Y, USMC over 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. GSPY is less concentrated, with 39.2% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.