GSPY vs SEIV: Grades, Fees and Holdings Compared

Gotham Enhanced 500 ETF

GSPYCNYSE Arca

SEI QiM U.S. Large Cap Value Active ETF

SEIVACboe

Overlap

19.6%by weight

Expense ratio

SEIV −0.35pt a year

GSPY0.50%SEIV0.15%

Avg volume · 30D

SEIV 28.2×the volume

GSPY5KSEIV141K

3Y return · a year

SEIV +5.3pt

GSPY+23.5%SEIV+28.8%

GSPY vs SEIV Performance

Oct 31, 2025 – Oct 30, 2026

+14.9%GSPY+27.7%SEIV

Expense ratio: GSPY 0.50%; SEIV 0.15%, better
Fund size: GSPY $704M; SEIV $1.62B
1Y total return: GSPY +14.9%; SEIV +27.7%, better
Yield (12M): GSPY 2.30%, better; SEIV 1.57%
Holdings: GSPY 501; SEIV 123
Avg volume (30D): GSPY 5K sh; SEIV 141K sh, better
NAV per share: GSPY $41.90; SEIV $49.57
52W range

ETF.net Grade

Pillar letters and Scores for GSPY, SEIV, with each pillar’s weight
Pillar	GSPY	SEIV
Cost30% weight	B57	A98Higher
Mission25% weight	A78	A82Higher
Risk15% weight	C43	B65Higher
Tradability15% weight	C48	A91Higher
Holdings10% weight	C46	A76Higher
Durability5% weight	B67	A75Higher

Rank among US Active Value funds

How we build Categories ›

Same Category. GSPY and SEIV are both graded against the same 64 US Active Value funds, so their Grades compare head to head.

US Active Value⁠

Category · 64 funds

See all 64 ›

SEIV ranks 3rd and GSPY 32nd of 64 funds in the US Active Value Category.

Rank 1AAVLVAvantis U.S. Large Cap Value ETFScore 86
Rank 1AWTVWisdomTree U.S. Value FundScore 86
Rank 3ASEIVSEI QiM U.S. Large Cap Value Active ETFScore 85
Rank 4ADFLVDimensional US Large Cap Value ETFScore 84
Rank 31CFBCVFidelity Blue Chip Value ETFScore 52
Rank 32CGSPYGotham Enhanced 500 ETFScore 51
Rank 33CGVLEGoldman Sachs Value Opportunities ETFScore 50

Our read on each fund

ETF.net Research

GSPYCGotham Enhanced 500 ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

GSPY Same 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.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

GSPY 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.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

GSPY 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.

SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

GSPY 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.

SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full GSPY profile⁠

Full SEIV profile⁠

GSPY vs SEIV Holdings

How GSPY and SEIV differ

Overlap by weight

19.6%

Shared holdings make up 67.3% of SEIV and 38.1% of GSPY.

Level by level

Holdings60 in both19.6%
Sector11 Sectors85.5%
Countryby domicile98.6%
Asset classEquity100%

Sector

Sector weights in GSPY and SEIV, widest gap first
Sector	More in GSPYMore in SEIV	GSPY	SEIV
Financials	SEIV +6.1 points	11.1%	17.2%
Utilities	SEIV +5.5 points	0.6%	6.1%
Technology	GSPY +5.4 points	38.3%	32.9%
Industrials	GSPY +2.9 points	6.9%	4.0%
Consumer Staples	GSPY +2.7 points	4.6%	1.9%
Health Care	SEIV +2.0 points	9.8%	11.8%
Energy	GSPY +1.2 points	4.9%	3.7%
Real Estate	GSPY +1.1 points	1.4%	0.3%
Communication	SEIV +1.0 points	10.2%	11.2%
Materials	GSPY +0.7 points	1.9%	1.2%
Consumer Discretionary	GSPY +0.5 points	10.2%	9.7%

Country, concentration and asset class

Country by domicile

Country weights in GSPY and SEIV, widest gap first
Country	More in GSPYMore in SEIV	GSPY	SEIV
United States	GSPY +1.0 points	99.5%	98.5%
Mexico	SEIV +1.0 points	0.1%	1.1%
Other countries (5)	Same weight	0.4%	0.4%

Concentration

Weight in the 10 largest Holdings

GSPY39.0%
SEIV25.1%

Securities held

GSPY500
SEIV122

Asset class

GSPY: Equity
SEIV: Equity

Holdings

Only in GSPY440
In both60
Only in SEIV62

Only in GSPY

440 securities, 61.8% of GSPY by weight

Alphabet Inc4.76%
Berkshire Hathaway Inc1.69%
UnitedHealth Group Inc1.34%
Merck & Co Inc1.34%
JPMorgan Chase & Co.1.29%
Tesla Inc1.24%
Broadcom Inc1.24%
ExxonMobil Holdings Corp1.24%
Visa Inc1.15%
Cisco Systems Inc1.14%
Advanced Micro Devices Inc0.95%
Coca-Cola Co/The0.93%
Lam Research Corp0.91%
Texas Instruments Inc0.85%
Mastercard Inc0.80%
Caterpillar Inc0.72%
Eli Lilly & Co0.69%
PepsiCo Inc0.68%
ConocoPhillips0.67%
Chevron Corp0.67%
McDonald's Corp0.66%
Netflix Inc0.66%
Union Pacific Corp0.66%
Sandisk Corp0.61%
T-Mobile US Inc0.61%
Accenture PLC0.59%
Bank of America Corp0.51%
Altria Group Inc0.47%
Home Depot Inc/The0.46%
Marathon Petroleum Corp0.45%
Medtronic PLC0.45%
Automatic Data Processing Inc0.43%
Walmart Inc0.43%
Lowe's Cos Inc0.43%
Morgan Stanley0.42%
Valero Energy Corp0.42%
Phillips 660.41%
Goldman Sachs Group Inc/The0.38%
Intel Corp0.38%
Johnson & Johnson0.37%
Regeneron Pharmaceuticals Inc0.37%
General Dynamics Corp0.37%
CSX Corp0.35%
Intuit Inc0.34%
United Parcel Service Inc0.33%
Elevance Health Inc0.33%
Freeport-McMoRan Inc0.32%
American Express Co0.31%
Wells Fargo & Co0.30%
SLB Ltd0.29%

Only in SEIV

62 securities, 32.2% of SEIV by weight

Alphabet Inc-Cl C2.00%
Tenet Healthcare Corp1.36%
Everest Group Ltd1.21%
Reinsurance Group of America1.16%
Ovintiv Inc1.07%
Unum Group1.05%
Renaissancere Holdings Ltd0.98%
Carnival Corp Ltd0.91%
Arrow Electronics Inc0.86%
Crown Holdings Inc0.85%
Td Synnex Corp0.78%
Jazz Pharmaceuticals PLC0.78%
Ally Financial Inc0.74%
Zoom Communications Inc0.73%
Alcoa Corp0.72%
Zions Bancorp Na0.71%
Affiliated Managers Group0.70%
Match Group Inc0.69%
Borgwarner Inc0.69%
Popular Inc0.66%
Corebridge Financial Inc0.60%
Ugi Corp0.52%
Millicom Intl Cellular S.a.0.50%
American Airlines Group Inc0.49%
Avnet Inc0.48%
Axis Capital Holdings Ltd0.48%
H&R Block Inc0.47%
Fox Corp - Class B0.46%
Amdocs Ltd0.46%
Dropbox Inc-Class A0.43%
Lincoln National Corp0.43%
Xp Inc - Class A0.40%
Macy's Inc0.40%
Onemain Holdings Inc0.39%
Lear Corp0.38%
Ingredion Inc0.38%
Sirius Xm Holdings Inc0.36%
Cirrus Logic Inc0.36%
Ryder System Inc0.36%
Gap Inc/The0.34%
Chord Energy Corp0.32%
Vontier Corp0.32%
Bank Ozk0.32%
Adt Inc0.31%
Exelixis Inc0.29%
Travel & Leisure Co0.29%
Rithm Capital Corp0.27%
Old Republic Intl Corp0.27%
Post Holdings Inc0.26%
Amkor Technology Inc0.26%

Weight gaps

All 60 Holdings in both funds, largest gap first.

Holding weights in GSPY and SEIV, widest gap first
Holding	More in GSPYMore in SEIV	GSPY	SEIV
Microsoft CorpMSFT	GSPY +4.43 points	6.69%	2.26%
Amazon.com IncAMZN	GSPY +4.15 points	4.51%	0.36%
Apple IncAAPL	GSPY +3.74 points	7.28%	3.54%
NVIDIA CorpNVDA	GSPY +2.57 points	6.15%	3.58%
Meta Platforms IncMETA	GSPY +2.57 points	2.73%	0.16%
Cardinal Health IncCAH	SEIV +2.38 points	0.15%	2.53%
General Motors CoGM	SEIV +2.25 points	0.28%	2.53%
Prudential Financial IncPRU	SEIV +1.93 points	0.15%	2.08%
Synchrony FinancialSYF	SEIV +1.81 points	0.03%	1.84%
Adobe IncADBE	SEIV +1.76 points	0.14%	1.90%
HP IncHPQ	SEIV +1.74 points	0.11%	1.85%
Citigroup IncC	SEIV +1.73 points	0.29%	2.02%
Verizon Communications IncVZ	SEIV +1.65 points	0.65%	2.30%
Exelon CorpEXC	SEIV +1.64 points	0.02%	1.66%
AT&T IncT	SEIV +1.60 points	0.07%	1.67%
Edison InternationalEIX	SEIV +1.56 points	0.01%	1.57%
CVS Health CorpCVS	SEIV +1.49 points	0.42%	1.91%
Expand Energy CorpEXE	SEIV +1.41 points	0.08%	1.49%
United Airlines Holdings IncUAL	SEIV +1.41 points	0.01%	1.42%
Ford Motor CoF	SEIV +1.38 points	0.18%	1.56%
Cognizant Technology Solutions CorpCTSH	SEIV +1.26 points	0.12%	1.38%
QUALCOMM IncQCOM	SEIV +1.20 points	0.08%	1.28%
Hewlett Packard Enterprise CoHPE	SEIV +1.16 points	0.27%	1.43%
McKesson CorpMCK	SEIV +1.15 points	0.06%	1.21%
NetApp IncNTAP	SEIV +1.13 points	0.14%	1.27%
APA CorpAPA	SEIV +1.10 points	0.07%	1.17%
Gen Digital IncGEN	SEIV +1.09 points	0.02%	1.11%
Skyworks Solutions IncSWKS	SEIV +0.92 points	<0.01%	0.93%
Flex LtdFLEX	SEIV +0.89 points	0.12%	1.01%
Viatris IncVTRS	SEIV +0.87 points	0.01%	0.88%
Expedia Group IncEXPE	SEIV +0.85 points	0.12%	0.97%
Kroger Co/TheKR	SEIV +0.84 points	0.02%	0.86%
Leidos Holdings IncLDOS	SEIV +0.81 points	0.05%	0.86%
Eversource EnergyES	SEIV +0.81 points	0.01%	0.82%
PG&E CorpPCG	SEIV +0.80 points	0.01%	0.81%
Regions Financial CorpRF	SEIV +0.70 points	0.01%	0.71%
Fox CorpFOXA	SEIV +0.68 points	0.10%	0.78%
Delta Air Lines IncDAL	SEIV +0.68 points	0.03%	0.71%
Incyte CorpINCY	SEIV +0.65 points	0.09%	0.74%
Consolidated Edison IncED	SEIV +0.63 points	0.02%	0.65%
Comcast CorpCMCSA	SEIV +0.60 points	0.30%	0.90%
Universal Health Services IncUHS	SEIV +0.60 points	0.04%	0.64%
F5 IncFFIV	SEIV +0.43 points	0.07%	0.50%
Lockheed Martin CorpLMT	GSPY +0.39 points	0.53%	0.14%
Bristol-Myers Squibb CoBMY	SEIV +0.35 points	0.46%	0.81%
Dell Technologies IncDELL	GSPY +0.31 points	0.98%	0.67%
Textron IncTXT	SEIV +0.31 points	0.05%	0.36%
Cencora IncCOR	SEIV +0.30 points	0.17%	0.47%
Micron Technology IncMU	GSPY +0.23 points	2.48%	2.25%
Capital One Financial CorpCOF	SEIV +0.23 points	0.18%	0.41%
Omnicom Group IncOMC	SEIV +0.22 points	0.09%	0.31%
FirstEnergy CorpFE	SEIV +0.21 points	0.01%	0.22%
Target CorpTGT	SEIV +0.14 points	0.25%	0.39%
Archer-Daniels-Midland CoADM	SEIV +0.09 points	0.02%	0.11%
Pfizer IncPFE	GSPY +0.08 points	0.63%	0.55%
Public Service Enterprise Group IncPEG	SEIV +0.07 points	0.02%	0.09%
Solventum CorpSOLV	SEIV +0.07 points	0.05%	0.12%
Globe Life IncGL	SEIV +0.04 points	0.05%	0.09%
Newmont CorpNEM	GSPY +0.02 points	0.41%	0.39%
Davita IncDVA	Same weight	0.04%	0.04%

All GSPY holdings⁠All 122 SEIV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GSPY vs SEIV Cost

Overpaying GSPY vs SEIV

$6,842

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

GSPY 0.50%
$9,979
SEIV 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

GSPY 0.50%
SEIV 0.15%
Overpaying

Year by year

Year	GSPY	SEIV	Overpaying
10	$900	$274	$626
20	$3,460	$1,071	$2,389
30	$9,979	$3,137	$6,842

Expense ratio

0.50%GSPY
0.15%SEIV, cheaper

SEIV0.15%GSPY0.50%

0.12%1.25%

Middle half of US Active Value funds
Median 0.54%

SEIV 2nd cheapest of 64 funds

GSPY 26th cheapest of 64 funds

GSPY vs SEIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GSPY 2.30%, better; SEIV 1.57%
Payout (12M): GSPY $0.96; SEIV $0.78
Last payment: GSPY $0.96; SEIV $0.21
Ex-dividend: GSPY Dec 10, 2025; SEIV Oct 5, 2026
Paid on: GSPY Dec 11, 2025; SEIV Oct 6, 2026
Frequency: GSPY Annual; SEIV Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

GSPYAnnual · 5 paymentsAll GSPY payments⁠

SEIVQuarterly · 18 paymentsAll SEIV payments⁠

GSPY vs SEIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GSPY 12.0%, betterSEIV 12.1%
Return per unit of riskSharpe ratio, 3 years: GSPY 1.47SEIV 1.80, better
Worst fallMax drawdown, 5 years: GSPY −23.3%SEIV −18.2%since May 2022
Market sensitivityBeta, 5 years: GSPY 0.96SEIV 0.89; Market = 1

GSPY and SEIV in the news

All news⁠

Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SEIV

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GSPY vs SEIV

In short

Stated mandate

Why people hold it

Worth knowing

How GSPY and SEIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSPY

Only in SEIV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best value ETF depends on whose list you bought

How GSPY and SEIV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GSPY

Only in SEIV

Weight gaps