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Launched · SEC filings

Gotham Enhanced 500 ETF

GSPYNYSE ArcaGothamC

$41.77−0.12 (−0.29%)

As of Nov 2, 2026, 3:34 PM ET

C51/ 100

Rank 33 of 66 in US Active Value

C51/100Rank 33 of 66inUS Active Value
Intraday session: down, 74 prints from 41.89 to 41.77. Range 41.77 to 42.31. Use the arrow keys to read each point.42.0042.1042.2042.3010 AM12 PM2 PM4 PM
Expense ratio
0.50%*
Fund size
$704M
1Y total return
+14.9%
Yield · Last 12 months
2.30%
Holdings
501
Avg volume · 30D
5K sh
52W range
low $34.35high $43.17
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jan 31, 2027. Without it: 0.65%.

The ETF.net GSPY Grade

C

Score 51 out of 100

Category
US Active Value⁠
Rank
33 of 66
Six-pillar profile for GSPY. Scores out of 100: Cost 57, Risk 43, Mission 78, Tradability 48, Holdings 46, Durability 67. Strongest: Mission (78). Weakest: Risk (43). Leans toward Mission.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B57 out of 100
    Rank 26 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A78 out of 100
    Rank 8 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 40 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 35 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 43 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 19 of 66

Our read on GSPY

ETF.net Research

In short

CSame 500 companies as the index, reshuffled. This active fund lets the sub-adviser's valuation work set position sizes instead of market cap, so the biggest company doesn't automatically get the biggest slot.

Stated mandate

The actively managed fund generally invests in companies included in the S&P 500 Index and weights them using the sub-adviser’s valuation assessment rather than passively tracking the index.

Why people hold it

  • Familiar universe, different math: it holds S&P 500 companies but weights them on the sub-adviser's valuation assessment rather than passively tracking the index.
  • The 0.50% annual fee sits under the 0.55% midpoint for active large-cap value funds, which is unusual for a discretionary, stock-by-stock strategy.
  • Trading since December 2020, so the value framework has a live record in real markets rather than a backtest.
  • The value tilt is stated in the prospectus, not implied: a proprietary analytical framework drives the weighting decisions.

Worth knowing

  • You pay for the human layer. Rules-based value peers such as WTV (0.12%) and AVLV (0.15%) charge a fraction of this fund's fee.
  • It trades thinly next to the index heavyweights, so spreads can widen on larger orders.
  • Distributions arrive once or twice a year, not monthly.

GSPY Holdings

Holdings pillarC46 out of 100Rank 43 of 66 in US Active Value
Asset class
Stocks
Holdings
501
Top-10 weight
39%
Largest holding
AAPL7.3%

Sectors

  • Technology38.3%
  • Financials11.1%
  • Communication10.2%
  • Consumer Discretionary10.2%
  • Health Care9.8%
  • Industrials6.9%
  • Energy4.9%
  • Consumer Staples4.6%
  • Materials1.9%
  • Real Estate1.4%
  • Utilities0.6%

Geography

  • United States99.47%
  • China0.23%
  • Mexico0.12%
  • Switzerland0.09%
  • United Kingdom0.08%
  • Ireland0.01%
The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AAPLApple Inc7.28%148,667$51.2M723
2MSFTMicrosoft Corp6.69%90,266$47.1M819
3NVDANVIDIA Corp6.15%211,464$43.3M848
4GOOGLAlphabet Inc4.76%119,707$33.5M707
5AMZNAmazon.com Inc4.51%132,156$31.8M738
6METAMeta Platforms Inc2.73%31,204$19.2M708
7MUMicron Technology Inc2.48%19,755$17.5M686
8BRK.BBerkshire Hathaway Inc1.69%21,896$11.9M374
9UNHUnitedHealth Group Inc1.34%23,150$9.42M494
10MRKMerck & Co Inc1.34%62,875$9.4M516
11JPMJPMorgan Chase & Co.1.29%27,003$9.1M487
12TSLATesla Inc1.24%21,854$8.74M528
13AVGOBroadcom Inc1.24%26,741$8.72M753
14XOMExxonMobil Holdings Corp1.24%46,448$8.7M525
15VVisa Inc1.15%19,544$8.08M559

Showing 1–15 of 501 holdings

GSPY Performance

Launched Dec 28, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
GSPY$11,490
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GSPY $11,490. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GSPY. Periods over one year show the average yearly return.
PeriodGSPY
Year to date+13.8%
1 month−0.8%
3 months+2.0%
1 year+14.9%
3 yearsper year+23.5%
5 yearsper year+12.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GSPY
YearReturn barGSPY
2026 YTD+13.8%
2025+18.3%
2024+23.6%
2023+26.0%
2022−17.0%
2021+27.5%
2020+0.6%

History from Dec 29, 2020

GSPY in the news

GSPY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.30%Last 12 months
Payout per share
$0.96Last 12 months
Last payment
$0.96 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.06; Dec 22, 2022 $0.26; Dec 22, 2023 $0.28; Dec 10, 2024 $0.27; Dec 10, 2025 $0.96. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 10, 2025Dec 11, 2025$0.96
Dec 10, 2024Dec 12, 2024$0.27
Dec 22, 2023Dec 27, 2023$0.28
Dec 22, 2022Dec 27, 2022$0.26
Dec 29, 2021Dec 31, 2021$0.06

$10,000 in GSPY 5 years ago paid $730 in dividends.

GSPY Risk

Risk pillarC43 out of 100Rank 40 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
12.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.47
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.3%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.96
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GSPY Cost

Compare GSPY and WTV

Overpaying vs WTV, cheapest in US Active Value

$7,459

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GSPY 0.50%

    $9,979

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • GSPY 0.50%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530GSPY $9,979WTV $2,520

Year by year

YearGSPYWTVOverpaying
10$900$220$680
20$3,460$859$2,601
30$9,979$2,520$7,459
How the 0.50% is worked out

Full fee 0.65%− waiver 0.15%= you pay 0.50%

The waiver ends Jan 31, 2027. After that the fee is 0.65% unless Gotham renews it. Source: prospectus, Jan 2026.

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