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Launched · SEC filings

Gotham Enhanced 500 ETF

GSPYNYSE ArcaC

$43.090.00 (0.00%)

As of Oct 13, 2026, 2:52 PM

C42/ 100

Rank 42 of 66 in US Active Value

C42/100Rank 42 of 66inUS Active Value
Intraday session: up, 13 prints from 43.09 to 43.09. Range 43.05 to 43.16. Use the arrow keys to read each point.43.0643.1243.1443.1610 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$723M
1Y total return
+23.3%
Yield · Last 12 months
2.24%
Holdings
501
Avg volume · 30D
0M sh
NAV per share
$43.07
52W range
low $34.35high $43.17
Launched
Filings
SEC EDGAR

The ETF.net GSPY Grade

C

Score 42 out of 100

Category
US Active Value⁠
Rank
42 of 66
Six-pillar profile for GSPY. Scores out of 100: Cost 28, Risk 58, Mission 77, Tradability 46, Holdings 45, Durability 67. Strongest: Mission (77). Weakest: Cost (28). Leans toward Mission.

Score 42 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.
    D28 out of 100
    Rank 47 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 10 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 25 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 37 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C45 out of 100
    Rank 46 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

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

  1. 01Familiar 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.
  2. 02The 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.
  3. 03Trading since December 2020, so the value framework has a live record in real markets rather than a backtest.
  4. 04The value tilt is stated in the prospectus, not implied: a proprietary analytical framework drives the weighting decisions.

Worth knowing

  1. 01You 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.
  2. 02It trades thinly next to the index heavyweights, so spreads can widen on larger orders.
  3. 03Distributions arrive once or twice a year, not monthly.

GSPY Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
501
Top-10 weight
40%
Largest holding
AAPL6.9%

Sectors

  • Technology39.4%
  • Financials11.0%
  • Communication10.2%
  • Consumer Discretionary10.2%
  • Health Care9.3%
  • Industrials6.4%
  • Energy4.9%
  • Consumer Staples4.5%
  • Real Estate2.2%
  • Materials1.4%
  • Utilities0.6%

Geography

  • United States98.02%
  • Ireland1.19%
  • Switzerland0.31%
  • Netherlands0.22%
  • United Kingdom0.14%
  • Singapore0.07%
  • Canada0.04%
  • Bermuda0.01%
The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc6.91%148,244$50M715
002NVDANVIDIA Corp6.88%216,934$50M847
003MSFTMicrosoft Corp6.67%90,132$48M815
004AMZNAmazon.com Inc4.75%130,696$34M736
005GOOGLAlphabet Inc4.72%96,939$34M709
006METAMeta Platforms Inc3.08%31,000$22M704
007MUMicron Technology Inc2.64%18,519$19M679
008AVGOBroadcom Inc1.64%32,803$12M754
009BRK.BBerkshire Hathaway Inc1.56%21,864$11M365
010AMDAdvanced Micro Devices Inc1.54%18,300$11M635
011DELLDell Technologies Inc1.30%15,986$9M443
012MRKMerck & Co Inc1.26%62,558$9M515
013JPMJPMorgan Chase & Co.1.25%27,140$9M481
014UNHUnitedHealth Group Inc1.21%23,116$9M481
015CSCOCisco Systems Inc1.20%73,236$9M592

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$12,334
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. GSPY $12,334. SPY $12,044. Use the arrow keys to read each point.$9,560$11,053$12,546Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+16.9%
1 month+1.4%
3 months+4.5%
1 year+23.3%
3 yearsper year+23.3%
5 yearsper year+14.3%
10 yearsFund is under 10 years oldper year—

As of the close, 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+16.9%
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

Filtered to GSPY · US Active Value

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 12, 2026.
2.24%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

GSPY Risk

How much the fund’s monthly returns vary, scaled to a year.
12.1%
Annualised · 36 months to Sep 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.
1.43
vs 3-month T-bills · to Sep 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.

GSPY Cost

Expense ratio0.65%
  • The middle half of US Active Value funds
  • Median 0.55%

46 of the 66 US Active Value funds charge less.

GSPY costs $65.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

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