Gotham Enhanced 500 ETF (GSPY) Performance
GSPY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.5% since Dec 31, 2025
- 1 year
- +17.2% total return
- 5 years
- +12.9% a year
- Since first price
- +14.9% a year since 2020
GSPY trailing returns vs SPY, QQQ, AGG
| Period | GSPY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.3% | +4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.6% | +9.6% | +7.8% | +8.4% | −1.5% |
| YTD | +14.5% | +14.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.2% | +14.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.5%+23.5%/yr | +80.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +83.7%+12.9%/yr | +73.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 29, 2020 | +124.3%+14.9%/yr | +111.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GSPY vs SPY
From Dec 29, 2020: GSPY grew to $22,428, SPY to $22,088.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSPY returns by calendar year
4 of 5 full years positive. Best 2021 (+27.5%), worst 2022 (−17.1%). 2026 is year to date.
GSPY annual returns table
| Year | GSPY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.5% | −8.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.3% | −18.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.6% | −8.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.0% | −9.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.1% | −23.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.5% | −5.1% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GSPY largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −23.3% | Sep 30, 2022 | Dec 1, 2023 | 9 months | 1.9 years |
| Feb 19, 2025 | −18.7% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GSPY risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +23.1% | +14.2% | +15.0% |
| Volatility (annualized) | 12.0% | 15.3% | 14.7% |
| Sharpe ratio | 1.44 | 0.71 | 0.82 |
| Sortino ratio | 2.89 | 1.14 | 1.31 |
| Best month | +10.1% | +10.1% | +10.1% |
| Worst month | −5.6% | −9.3% | −9.3% |
| Best 12 months | +35.9% | +35.9% | +35.9% |
| Worst 12 months | +7.7% | −17.1% | −17.1% |
| Positive months | 69% | 63% | 65% |
| Beta vs S&P 500 | 0.96 | 0.97 | — |
| Correlation with S&P 500 | 0.99 | 1.00 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GSPY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −17.1% | +16.9% | +35.9% | 81% |
| 3-year (a year) | 35 | +7.9% | +13.6% | +24.2% | 100% |
| 5-year (a year) | 11 | +11.9% | +13.2% | +14.8% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
GSPY performance overview
Gotham Enhanced 500 ETF (GSPY) returned +17.2% over the past year and +12.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +14.9% a year, turning $10,000 into about $22,428. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.3%, from Jan 4, 2022 to Sep 30, 2022, and it took 1.2 years to get back to the old high. GSPY finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+27.5%) and the worst 2022 (−17.1%). Volatility has been 14.7% a year.
Related: GSPY chart, GSPY holdings, GSPY dividends, GSPY valuation. See the GSPY overview for the latest quote and fund facts.
GSPY performance FAQ
What is the GSPY return over the past year?
GSPY returned +17.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.2%.
What is the average annual return of GSPY?
GSPY has returned +12.9% a year over 5 years, +14.9% a year since December 29, 2020 (total return, distributions reinvested).
How much would $10,000 invested in GSPY be worth?
$10,000 invested in GSPY at its first recorded close on December 29, 2020 would be worth about $22,428 on October 23, 2026 with distributions reinvested.
What was the worst year for GSPY?
The worst calendar year was 2022, with a total return of −17.1%. The best was 2021 at +27.5%.
What is the biggest drawdown of GSPY?
The largest peak-to-trough decline was −23.3% between January 4, 2022 and September 30, 2022. It recovered to the old high on December 1, 2023, 1.2 years after the bottom.
How volatile is GSPY?
Over the past 3 years GSPY had an annualized volatility of 12.0% and a Sharpe ratio of 1.44 (excess return over 1–3 month T-bills per unit of risk).