GSEW vs SPY: Differences, Returns & Fees

GSEW and SPY hold 42% of their weight in the same names, and SPY returned +17.3% over the year. Net assets on Oct 8, 2026: $2.1bn for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF and $817.2bn for SPDR S&P 500 ETF Trust.

Both cost 0.09% a year; their one-year returns differ by 3.4 points; SPY is far larger, $817.2bn against $2.1bn.

Points (pts) are percentage points.

GSEW vs SPY: Differences, Returns & Fees
GSEWSPY
Expense ratio0.09%0.09%
Net assets, as of Oct 8, 2026$2.1bn$817.2bn
Total return, 1 year+13.9%+17.3%
What it tracksSolactive US Large Cap Equal Weight Index (GTR)S&P 500 Index
Holdings in common42%
Top ten holdings, share of the fund3.3%39.1%
Below its high3.3%, high on Aug 14, 2026

Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.

+13.9%
GSEW total return, 1 year
+17.3%
SPY total return, 1 year
0.09%
GSEW expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, GSEW and SPY hold 42% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 8, 2026.

half

42% in common

Positions both hold, largest shared weight first
Holding GSEW SPY
CROWDSTRIKE HOLDINGS INC 0.31% 0.40%
PALO ALTO NETWORKS INC 0.30% 0.48%
MICRON TECHNOLOGY INC 0.29% 1.75%
CISCO SYSTEMS INC 0.26% 0.68%
DELL TECHNOLOGIES INC 0.35% 0.26%
INTERNATIONAL BUSINESS MACHINES CORP 0.26% 0.32%
QUALCOMM INC 0.25% 0.28%
ADVANCED MICRO DEVICES INC 0.24% 1.51%
SANDISK CORP 0.24% 0.35%
MARVELL TECHNOLOGY INC 0.24% 0.36%
ORACLE CORP 0.23% 0.35%
PALANTIR TECHNOLOGIES INC 0.23% 0.68%
Only in GSEW
SNOWFLAKE INC 0.36%
ROCKET LAB CORP 0.34%
ASTERA LABS INC 0.33%
AST SPACEMOBILE INC 0.32%
IONQ INC 0.27%
MONGODB INC 0.25%
ATLASSIAN CORP 0.24%
HEICO CORP 0.24%
Only in SPY
ALPHABET INC CL C 2.45%
EXXONMOBIL HOLDINGS CORP 1.04%
HONEYWELL INTERNATIONAL INC 0.10%
ONEOK INC 0.09%
HONEYWELL AEROSPACE INC 0.07%
VYLOR INC 0.07%
FLEX LTD 0.06%
F5 INC 0.04%

Check overlap with more funds →

On the same fields

GSEW
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +13.9% +17.3%
Its benchmark over the same days not published +17.3% (VOO)
Gap to its benchmark not available −0.1 pts vs VOO
Expense ratio 0.09% 0.09%
Already in the S&P 500 83.8% 99.8%
Holdings 499 504
Net assets, as of Oct 8, 2026 $2.1bn $817.2bn

GSEW and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About GSEW

GSEW tracks an index. Over the year to Oct 9, 2026 it returned +13.9% with distributions reinvested. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 499 positions, with the top ten at 3.3%. It sat 3.3% below its high of Aug 14, 2026 on Oct 9, 2026.

About SPY

SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, GSEW or SPY?
In the year to Oct 9, 2026, with distributions reinvested, GSEW returned +13.9% and SPY +17.3%.
Which is cheaper, GSEW or SPY?
Neither: GSEW and SPY both charge 0.09% a year. Fees come from each fund's prospectus.
How much do GSEW and SPY overlap with the S&P 500?
By their latest filed holdings, 84% of GSEW and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, GSEW against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/gsew-vs-spy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.