CAML vs SPY
Congress Large Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CAML or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAML | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $381M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 39 | 505 |
| YTD Return | +4.36% | +12.47%Best |
| 1Y Return | +3.77% | +17.51%Best |
| 3Y Return (annualized) | +15.82% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 14.8% | 12.8%Best |
| Max Drawdown | -21.1% | -18.8%Best |
| $10,000 over 3.1 years | $16,081 | $18,266Best |
| Top 10 Weight | 45.6% | 38.0%Best |
| Fund Family | Congress Asset Management Company | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 22, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 22, 2023 to Sep 11, 2026 (3.1 years).
CAML vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
CAML vs SPY Performance
Congress Large Cap Growth ETF (CAML) is an ETF from Congress Asset Management Company and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CAML returned +3.77% while SPY returned +17.51%. Year to date, CAML is up 4.36% versus a gain of 12.47% for SPY.
Over three years, CAML compounded at +15.82% per year against +21.18% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAML has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 12.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for CAML and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CAML charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, CAML currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
89.6% of CAML's money is in holdings SPY also owns. 43.0% of SPY's money is in holdings CAML also owns.
Most of CAML is already inside SPY. Owning both mostly buys the same companies twice.
33 positions in common, counted across the 38 positions we hold weights for in CAML and 504 in SPY, against full books of 39 and 505.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for CAML (56.5% of the fund), and 2 for CAML that do not appear in SPY (4.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CAML | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.08% | 7.71% | 0.37% |
| AAPLApple, Inc | 5.96% | 6.83% | 0.87% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.98% | 5.50% | 0.48% |
| GOOGLAlphabet A Usd 0.001 | 5.51% | 3.33% | 2.18% |
| AVGOBroadcom Inc | 4.56% | 2.97% | 1.59% |
| AMZNAmazon.Com Inc | 2.47% | 4.08% | 1.61% |
| METAMeta Platforms, Inc. | 2.45% | 1.94% | 0.51% |
| VVisa Inc | 2.71% | 0.92% | 1.79% |
| MUMicron Technology, Inc. | 2.11% | 1.51% | 0.60% |
| ANETArista Networks Inc Common Stock | 3.27% | 0.30% | 2.97% |
89.6% of CAML is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAML or SPY?
CAML has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, CAML or SPY?
Over the past year CAML returned +3.77% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAML or SPY?
CAML has been the more volatile fund at 14.8% annualized versus 12.8% for SPY. Worst drawdown: CAML -21.1% vs SPY -18.8%.
Should I hold both CAML and SPY?
CAML and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CAML and SPY?
89.6% of CAML's money is in holdings SPY also owns. 43.0% of SPY's is in holdings CAML also owns. They hold 33 positions in common, counted across the 38 positions we hold weights for in CAML and 504 in SPY.
Which pays a higher dividend, CAML or SPY?
CAML yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than CAML?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.