GTPE vs SPY
Goldman Sachs MSCI World Private Equity Return Tracker ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GTPE or SPY?
GTPE has been ahead.
SPY has a lower expense ratio. GTPE led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 51.1%.
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 | GTPE | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $30M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 1,566 | 1,515 |
| YTD Return | +15.66%Best | +13.53% |
| 1Y Return | +19.36%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 14.9% | 13.1%Best |
| Top 10 Weight | 51.1% | 38.2%Best |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 21, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GTPE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GTPE vs SPY Performance
Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE) is an ETF from Goldman Sachs Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GTPE returned +19.36% while SPY returned +17.47%. Year to date, GTPE is up 15.66% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTPE has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 13.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GTPE charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, GTPE currently yields 0.00% against 0.99% for SPY.
Holdings Overlap
72.5% of GTPE's money is in holdings SPY also owns. 44.9% of SPY's money is in holdings GTPE also owns.
Most of GTPE is already inside SPY. Owning both mostly buys the same companies twice.
127 positions in common, counted across the 903 positions we hold weights for in GTPE and 504 in SPY, against full books of 1,566 and 1,515.
What only one of them owns
Our book lists 369 positions for SPY that do not appear in our book for GTPE (54.2% of the fund), and 297 for GTPE that do not appear in SPY (14.4%).
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 GTPE | Weight in SPY | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 33.84% | 1.43% | 32.41% |
| NVDANvidia Corp. | 0.48% | 7.78% | 7.30% |
| AAPLApple, Inc | 0.39% | 7.45% | 7.06% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.55% | 5.71% | 4.16% |
| AVGOBroadcom Inc | 1.84% | 2.48% | 0.64% |
| AMDAdvanced Micro Devices Inc | 2.88% | 1.22% | 1.66% |
| LLYEli Lilly & Co. | 1.94% | 1.37% | 0.57% |
| AMATApplied Materials Inc | 2.13% | 0.51% | 1.62% |
| PLTRPalantir Technologies Inc | 1.72% | 0.61% | 1.11% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 1.91% | 0.36% | 1.55% |
72.5% of GTPE is already inside SPY.
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, GTPE or SPY?
GTPE has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, GTPE or SPY?
Over the past year GTPE returned +19.36% vs +17.47% for SPY, so GTPE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTPE or SPY?
GTPE has been the more volatile fund at 14.9% annualized versus 13.1% for SPY.
Should I hold both GTPE and SPY?
GTPE and SPY have a monthly-return correlation of 0.87, 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 GTPE and SPY?
72.5% of GTPE's money is in holdings SPY also owns. 44.9% of SPY's is in holdings GTPE also owns. They hold 127 positions in common, counted across the 903 positions we hold weights for in GTPE and 504 in SPY.
Which pays a higher dividend, GTPE or SPY?
GTPE yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than GTPE?
SPY has a lower expense ratio. GTPE led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 51.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.