GSPY
Gotham Enhanced 500 ETF
GSPY actively seeks long-term capital appreciation by reweighting the components of the S&P 500 Index based on proprietary fundamental research.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
490.0 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
Fund sponsor | Gotham Asset Management Holdings |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Dec 28, 2020 |
Assets (mns) | $490 |
Expense ratio | 50 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
MICROSOFT CORP | 7.3 % |
APPLE INC | 6.8 % |
NVIDIA CORP | 6.3 % |
AMAZON.COM INC | 4.5 % |
ALPHABET INC. CLASS A | 4.3 % |
META PLATFORMS INC | 3.3 % |
BERKSHIRE HATHAWAY INC-CL B | 1.9 % |
JPMORGAN CHASE & CO | 1.4 % |
VISA INC. CLASS A | 1.3 % |
BROADCOM INC. | 1.2 % |
Constituent Breakdown
Number of holdings | 501 |
Herfindahl-Hirschman Index | 218 |
Wgt avg mkt cap (mns) | $917,246 |
Large cap (>$10bn) | 99.5% |
Mid cap ($2-10bn) | 0.3% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.2 % | |
IRELAND | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.8% | 31.1% | 20.5% | 7.9% | -- | -- | 10.9% | Volatility | 12.2% | 11.9% | 13.8% | 17.0% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.98 | 102% |
MSCI EAFE | 0.84 | 76% |
MSCI Emg Mkts | 0.65 | 45% |
Liquidity Measures
Avg. volume (000) | 3 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.06% |
ADV of underlying (mns) | $319,779 |
Technical Indicators
Recent close | $31.46 |
30d moving avg. | $31.66 |
Annualized volatility | 16.9% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. GSPY |
Expenses vs. GSPY |
ALTAR Score™ vs. GSPY |
---|---|---|---|---|
IVV | iShares Core S&P 500 ETF | 72.4% | -47 bp | -0.2% |
SPY | SPDR S&P 500 ETF Trust | 72.3% | -41 bp | -0.3% |
SPLG | SPDR Portfolio S&P 500 ETF | 72.3% | -48 bp | -0.2% |
VOO | Vanguard S&P 500 ETF | 71.8% | -47 bp | -0.2% |
SPXE | ProShares S&P 500 Ex-Energy ETF | 71.4% | -41 bp | -0.4% |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 71.3% | -43 bp | -0.3% |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 71.3% | -30 bp | -0.4% |
VOTE | TCW Transform 500 ETF | 71.1% | -45 bp | -0.3% |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 71.0% | -48 bp | -0.2% |
RVRB | Reverb ETF | 70.9% | -20 bp | -0.5% |
Risk and Returns: GSPY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 11/1/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GSPY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GSPY
5.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. GSPY's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places GSPY in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSPYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
GSPY (50 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
GSPY | 50.0 | 6.1 | 56.1 |
Peer Avg. | 36.7 | 15.2 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .