GSPY vs PIZ

Comparison between GOTHAM ENHANCED 500 ETF (GSPY, ETF) and INVESCO DORSEY WRIGHT DEVELOPED MARKETS MOMENTUM ETF (PIZ, ETF).

5-Year PerformanceGSPY has outperformed PIZ, delivering a return of +13.3% compared to +7.4%

GSPY vs PIZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GSPY(ETF)	PIZ(ETF)
Net Assets	$723M	$724M
Expense Ratio	0.50%	0.80%
Max Drawdown	23.30%	61.09%
Sharpe Ratio	1.43	0.66
5Y Beta	0.96	0.94
P/E Ratio	24.17	N/A
Forward P/E	18.94	N/A
PEG Ratio	0.43	N/A
5Y Dividends CAGR	N/A	46.14%
5Y EPS CAGR	27.62%	N/A
Debt to Equity	75.52%	N/A
P/S Ratio	3.10	N/A
P/B Ratio	4.93	N/A

Net Assets

GSPY

$723M

Winner

PIZ

$724M

Expense Ratio

Winner

GSPY

0.50%

PIZ

0.80%

Max Drawdown

Winner

GSPY

23.30%

PIZ

61.09%

Sharpe Ratio

Winner

GSPY

1.43

PIZ

0.66

5Y Beta

GSPY

0.96

Winner

PIZ

0.94

P/E Ratio

GSPY

24.17

PIZ

N/A

Forward P/E

GSPY

18.94

PIZ

N/A

PEG Ratio

GSPY

0.43

PIZ

N/A

5Y Dividends CAGR

GSPY

N/A

PIZ

46.14%

5Y EPS CAGR

GSPY

27.62%

PIZ

N/A

Debt to Equity

GSPY

75.52%

PIZ

N/A

P/S Ratio

GSPY

3.10

PIZ

N/A

P/B Ratio

GSPY

4.93

PIZ

N/A

GSPY vs PIZ - Holdings Comparison

GSPY and PIZ have 1 common holdings. Overlap is -0.07%

GSPY's top 25 holdings weight is 50.26%. PIZ's top 25 holdings weight is 48.74%.

Rank	GSPY	PIZ
#1	NVIDIA CORP (NVDA) - 6.82%	n/a (BDRBF) - 3.28%
#2	APPLE INC (AAPL) - 6.37%	TOROMONT INDUSTRIES LTD (TMTNF) - 2.98%
#3	MICROSOFT CORP (MSFT) - 6.16%	CONSTELLATION SOFTWARE INC (CNSWF) - 2.89%
#4	ALPHABET INC CLASS A (GOOGL) - 4.61%	THE TORONTO-DOMINION BANK (TD) - 2.54%
#5	AMAZON.COM INC (AMZN) - 4.38%	BELIMO HOLDING AG (n/a) - 2.50%
#6	MICRON TECHNOLOGY INC (MU) - 2.51%	ROYAL BANK OF CANADA (RY) - 2.42%
#7	META PLATFORMS INC CLASS A (META) - 2.51%	HD HYUNDAI ELECTRIC (n/a) - 2.25%
#8	BROADCOM INC (AVGO) - 1.90%	INVESTOR AB CLASS B (n/a) - 2.19%
#9	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.55%	LION FINANCE GROUP PLC (n/a) - 2.18%
#10	JPMORGAN CHASE & CO (JPM) - 1.37%	SK HYNIX INC (n/a) - 1.96%
#11	ADVANCED MICRO DEVICES INC (AMD) - 1.26%	SWEDBANK AB CLASS A (n/a) - 1.94%
#12	UNITEDHEALTH GROUP INC (UNH) - 1.17%	UNIPOL ASSICURAZIONI SPA (n/a) - 1.85%
#13	MERCK & CO INC (MRK) - 1.16%	INTERCONTINENTAL HOTELS GROUP PLC (n/a) - 1.85%
#14	n/a (DELL) - 1.11%	BPER BANCA SPA (n/a) - 1.75%
#15	EXXONMOBIL HOLDINGS CORP (XOM) - 1.03%	OVERSEA-CHINESE BANKING CORP LTD (n/a) - 1.71%
#16	TESLA INC (TSLA) - 0.99%	ABB LTD (n/a) - 1.69%
#17	VISA INC CLASS A (V) - 0.95%	PIRAEUS BANK SA (n/a) - 1.64%
#18	CISCO SYSTEMS INC (CSCO) - 0.94%	BANK OF IRELAND GROUP PLC (n/a) - 1.57%
#19	LAM RESEARCH CORP (LRCX) - 0.92%	IBIDEN CO LTD (n/a) - 1.49%
#20	CATERPILLAR INC (CAT) - 0.91%	n/a (n/a) - 1.43%
#21	CSX CORP (CSX) - 0.33%	SWISS LIFE HOLDING AG (n/a) - 1.39%
#22	CITIGROUP INC (C) - 0.33%	HOCHTIEF AG (n/a) - 1.37%
#23	WESTERN DIGITAL CORP (WDC) - 0.33%	VAT GROUP AG (n/a) - 1.36%
#24	AMERICAN EXPRESS CO (AXP) - 0.33%	n/a (n/a) - 1.26%
#25	WELLS FARGO & CO (WFC) - 0.32%	AIB GROUP PLC (n/a) - 1.25%
Total Holdings	463	115

GSPY vs PIZ - Historical Returns

Returns include dividend reinvestment.

Period	GSPY	PIZ
1 month	+4.42%	+3.13%
3 months	+4.65%	-5.15%
6 months	+13.57%	-1.72%
1 year	+22.63%	+17.28%
5 years(CAGR)	+13.26%	+7.38%
10 years(CAGR)	N/A	+10.07%
Max(CAGR)	+15.44%	+5.96%

Winner

GSPY

+4.42%

PIZ

+3.13%

Winner

GSPY

+4.65%

PIZ

-5.15%

Winner

GSPY

+13.57%

PIZ

-1.72%

Winner

GSPY

+22.63%

PIZ

+17.28%

5Y(CAGR)

Winner

GSPY

+13.26%

PIZ

+7.38%

10Y(CAGR)

GSPY

N/A

PIZ

+10.07%

Max(CAGR)

Winner

GSPY

+15.44%

PIZ

+5.96%

GSPY vs PIZ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	GSPY	PIZ
2026	+14.71%	+8.68%
2025	+18.41%	+38.01%
2024	+24.23%	+18.15%
2023	+26.37%	+18.01%
2022	-17.40%	-30.42%
2021	+29.20%	+19.82%
2020	+0.58%	+16.95%
2019	N/A	+28.15%
2018	N/A	-16.56%
2017	N/A	+30.52%
2016	N/A	-6.35%
2015	N/A	-0.12%
2014	N/A	-6.69%
2013	N/A	+34.14%
2012	N/A	+15.32%
2011	N/A	-19.66%
2010	N/A	+17.77%
2009	N/A	+36.14%
2008	N/A	-43.80%

GSPY vs PIZ Drawdown Comparison

The maximum drawdown for GSPY was -23.30%, occurring on Sep 30, 2022. Recovery took 480 trading sessions.

The maximum drawdown for PIZ was -60.61%, occurring on Mar 9, 2009. Recovery took 1342 trading sessions.

The current GSPY drawdown is -1.13%. The current PIZ drawdown is -9.49%.

Rank	GSPY	PIZ
#1	-23.30% Jan 4, 2022 - Dec 1, 2023	-60.61% May 19, 2008 - Sep 17, 2013
#2	-18.67% Feb 19, 2025 - Jun 26, 2025	-40.94% Sep 2, 2021 - Feb 12, 2025
#3	-8.62% Feb 2, 2026 - Apr 14, 2026	-36.44% Feb 12, 2020 - Aug 6, 2020
#4	-7.95% Jul 16, 2024 - Aug 30, 2024	-24.78% Jan 26, 2018 - Dec 27, 2019
#5	-5.23% Oct 28, 2025 - Dec 10, 2025	-22.95% Mar 6, 2014 - Jul 17, 2017
#6	-5.08% Sep 2, 2021 - Oct 20, 2021	-15.99% May 8, 2026 - Jul 29, 2026
#7	-4.91% Mar 28, 2024 - May 15, 2024	-14.68% Feb 18, 2025 - Apr 22, 2025
#8	-4.27% Feb 12, 2021 - Mar 11, 2021	-14.36% Feb 26, 2026 - Apr 14, 2026
#9	-4.13% Dec 6, 2024 - Jan 22, 2025	-12.24% Jan 10, 2008 - Feb 27, 2008
#10	-4.12% Aug 30, 2024 - Sep 19, 2024	-10.75% Feb 27, 2008 - Apr 3, 2008
#11	-4.04% Jun 1, 2026 - Aug 3, 2026	-9.01% Feb 16, 2021 - Apr 8, 2021
#12	-4.04% May 7, 2021 - Jun 14, 2021	-8.27% Oct 12, 2020 - Nov 5, 2020
#13	-3.78% Nov 16, 2021 - Dec 10, 2021	-6.93% Jan 15, 2014 - Feb 18, 2014
#14	-3.23% Jan 21, 2021 - Feb 4, 2021	-5.91% Nov 3, 2025 - Dec 11, 2025
#15	-3.01% Oct 8, 2025 - Oct 24, 2025	-5.42% Sep 18, 2013 - Oct 18, 2013

Correlation

Correlation between GSPY and PIZ is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2008 - 2026)

GSPY vs PIZ dividend yield comparison.

Year	GSPY	PIZ
2026	0.00%	1.13%
2025	2.61%	1.55%
2024	0.84%	1.68%
2023	1.06%	1.86%
2022	1.25%	2.04%
2021	0.23%	1.01%
2020	0.00%	0.37%
2019	0.00%	1.58%
2018	0.00%	1.06%
2017	0.00%	1.30%
2016	0.00%	2.21%
2015	0.00%	1.09%
2014	0.00%	1.61%
2013	0.00%	2.81%
2012	0.00%	1.96%
2011	0.00%	2.90%
2010	0.00%	0.43%
2009	0.00%	2.10%
2008	0.00%	2.15%