GVUS vs SPY
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GVUS or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. GVUS led over 1Y, SPY over the full window. GVUS is less concentrated, with 28.9% of the fund in its ten largest positions against 38.2%.
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 | GVUS | SPY |
|---|---|---|
| Expense Ratio | 0.12% | 0.09%Best |
| AUM | $438M | $811.2B |
| Dividend Yield | 1.46% | 0.98% |
| Holdings | 1,716 | 1,515 |
| YTD Return | +21.38%Best | +14.77% |
| 1Y Return | +28.21%Best | +18.61% |
| 3Y Return (annualized) | - | +22.83% |
| 5Y Return (annualized) | - | +13.84% |
| Volatility (annualized) | 11.7% | 11.6%Best |
| Max Drawdown | -16.3%Best | -18.8% |
| $10,000 over 2.9 years | $17,054 | $17,784Best |
| Top 10 Weight | 28.9%Best | 38.2% |
| Fund Family | Goldman Sachs Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 28, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 30, 2023 to Oct 13, 2026 (2.9 years).
GVUS 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 2.9 years both funds cover.
GVUS vs SPY Performance
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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 GVUS returned +28.21% while SPY returned +18.61%. Year to date, GVUS is up 21.38% versus a gain of 14.77% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVUS has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 11.6% for SPY. 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 -16.3% for GVUS 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GVUS charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, GVUS currently yields 1.46% against 0.98% for SPY.
Holdings Overlap
89.5% of GVUS's money is in holdings SPY also owns. 64.5% of SPY's money is in holdings GVUS also owns.
Most of GVUS is already inside SPY. Owning both mostly buys the same companies twice.
418 positions in common, counted across the 857 positions we hold weights for in GVUS and 504 in SPY, against full books of 1,716 and 1,515.
What only one of them owns
Our book lists 82 positions for SPY that do not appear in our book for GVUS (34.9% of the fund), and 370 for GVUS that do not appear in SPY (9.4%).
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 GVUS | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.80% | 7.45% | 1.65% |
| MSFTMicrosoft Corp | 4.92% | 5.71% | 0.79% |
| AMZNAmazon.Com Inc | 6.01% | 3.78% | 2.23% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.53% | 1.44% | 1.09% |
| JPMJpmorgan Chase | 2.53% | 1.43% | 1.10% |
| METAMeta Platforms Inc | 0.69% | 2.22% | 1.53% |
| XOMExxon Mobil Corp. | 1.85% | 1.04% | 0.81% |
| JNJJohnson & Johnson - Common | 1.73% | 0.98% | 0.75% |
| INTCIntel Corporation | 1.23% | 0.73% | 0.50% |
| WMTWalmart, Inc. | 1.13% | 0.73% | 0.40% |
89.5% of GVUS 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, GVUS or SPY?
GVUS has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, GVUS or SPY?
Over the past year GVUS returned +28.21% vs +18.61% for SPY, so GVUS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVUS or SPY?
GVUS has been the more volatile fund at 11.7% annualized versus 11.6% for SPY. Worst drawdown: GVUS -16.3% vs SPY -18.8%.
Should I hold both GVUS and SPY?
GVUS and SPY have a monthly-return correlation of 0.76, 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 GVUS and SPY?
89.5% of GVUS's money is in holdings SPY also owns. 64.5% of SPY's is in holdings GVUS also owns. They hold 418 positions in common, counted across the 857 positions we hold weights for in GVUS and 504 in SPY.
Which pays a higher dividend, GVUS or SPY?
GVUS yields 1.46% while SPY yields 0.98%, so GVUS currently pays the higher dividend yield.
Is SPY better than GVUS?
SPY has a lower expense ratio. GVUS led over 1Y, SPY over the full window. GVUS is less concentrated, with 28.9% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.