GSUS vs SPY: Differences, Returns & Fees
GSUS and SPY hold 90% of their weight in the same names. Net assets on Oct 8, 2026: $3.5bn for Goldman Sachs MarketBeta U.S. Equity ETF and $817.2bn for SPDR S&P 500 ETF Trust.
GSUS costs 0.02 points a year less; their one-year returns differ by 0.4 points; SPY is far larger, $817.2bn against $3.5bn.
| GSUS | SPY | |
|---|---|---|
| Expense ratio | 0.07% | 0.09% |
| Net assets, as of Oct 8, 2026 | $3.5bn | $817.2bn |
| Total return, 1 year | +16.9% | +17.3% |
| What it tracks | Solactive GBS United States Large & Mid Cap Index | S&P 500 Index |
| Holdings in common | 90% | |
| Top ten holdings, share of the fund | 39.8% | 39.1% |
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, GSUS and SPY hold 90% 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
90% in common
On the same fields
GSUS and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About GSUS
GSUS tracks an index. Over the year to Oct 9, 2026 it returned +16.9% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings filed for May 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 413 positions, with the top ten at 39.8%.
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. The prospectus expense ratio is 0.09% a year. 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, GSUS or SPY?
- In the year to Oct 9, 2026, with distributions reinvested, GSUS returned +16.9% and SPY +17.3%.
- Which is cheaper, GSUS or SPY?
- GSUS is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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, GSUS against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/gsus-vs-spy
ETFIQ. (Oct 9, 2026). GSUS against SPY. Retrieved from https://etfiq.com/compare/any/gsus-vs-spy
[GSUS against SPY (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/gsus-vs-spy)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.