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 | SPY | |
|---|---|---|
| Expense ratio | 0.09% | 0.09% |
| Net assets, as of Oct 8, 2026 | $2.1bn | $817.2bn |
| Total return, 1 year | +13.9% | +17.3% |
| What it tracks | Solactive US Large Cap Equal Weight Index (GTR) | S&P 500 Index |
| Holdings in common | 42% | |
| Top ten holdings, share of the fund | 3.3% | 39.1% |
| Below its high | 3.3%, high on Aug 14, 2026 | |
Holdings in common uses holdings dated May 31, 2026 and Oct 8, 2026.
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
On the same fields
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
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, GSEW against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/gsew-vs-spy
ETFIQ. (Oct 9, 2026). GSEW against SPY. Retrieved from https://etfiq.com/compare/any/gsew-vs-spy
[GSEW against SPY (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/gsew-vs-spy)
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