CCIF vs SPY
Carlyle Credit Income Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, CCIF or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | CCIF | SPY |
|---|---|---|
| Expense Ratio | 13.82% | 0.09%Best |
| AUM | $57M | $804.7B |
| Dividend Yield | 36.80% | 0.98% |
| Holdings | 45 | 505 |
| YTD Return | -38.03% | +12.09%Best |
| 1Y Return | -44.69% | +16.29%Best |
| 3Y Return (annualized) | -19.12% | +21.20%Best |
| 5Y Return (annualized) | -10.94% | +13.37%Best |
| Volatility (annualized) | 18.1% | 14.1%Best |
| Max Drawdown | -56.9% | -34.1%Best |
| $10,000 over 5 years | $5,603 | $18,728Best |
| Fund Family | Carlyle Credit Income Fund | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Dec 30, 2011 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 17, 2012 to Sep 18, 2026 (14.1 years).
CCIF 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 14.1 years both funds cover.
CCIF vs SPY Performance
Carlyle Credit Income Fund (CCIF) is an ETF from Carlyle Credit Income Fund and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CCIF returned -44.69% while SPY returned +16.29%. Year to date, CCIF is down 38.03% versus a gain of 12.09% for SPY.
Over three years, CCIF compounded at -19.12% per year against +21.20% for SPY; over five years the annualized figures are -10.94% and +13.37% respectively. Across the full 14-year window we track, SPY has the edge at +13.25% annualized vs -3.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCIF has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 14.1% 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 -56.9% for CCIF and -34.1% 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 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CCIF charges 13.82% per year while SPY charges 0.09%. On a $10,000 position that is $1382 vs $9 annually, a gap of $1373 per year that compounds over a long holding period. On income, CCIF currently yields 36.80% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of CCIF and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CCIF or SPY?
CCIF has an expense ratio of 13.82% while SPY charges 0.09%. SPY is the cheaper option, by $1373 a year on a $10,000 investment.
Which performed better, CCIF or SPY?
Over the past year CCIF returned -44.69% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), CCIF annualized -3.50% vs +13.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCIF or SPY?
CCIF has been the more volatile fund at 18.1% annualized versus 14.1% for SPY. Worst drawdown: CCIF -56.9% vs SPY -34.1%.
Should I hold both CCIF and SPY?
CCIF and SPY have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CCIF or SPY?
CCIF yields 36.80% while SPY yields 0.98%, so CCIF currently pays the higher dividend yield.
Is SPY better than CCIF?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.