CCSB vs SPY
Carbon Collective Short Duration Green Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CCSB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.09% | |
| AUM | $27M | $789.1B | |
| Dividend Yield | 4.65% | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +0.48% | +13.39% | |
| 1Y Return | +1.55% | +22.52% | |
| 3Y Return (annualized) | +4.07% | +21.36% | |
| 5Y Return (annualized) | +0.76% | +13.19% | |
| Volatility (annualized) | 47.2% | 15.3% | |
| Max Drawdown | -63.5% | -56.5% | |
| Fund Family | Carbon Collective Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 11, 2024 | Jan 22, 1993 |
CCSB vs SPY Performance
Carbon Collective Short Duration Green Bond ETF (CCSB) is a ETF from Carbon Collective Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CCSB returned +1.55% while SPY returned +22.52%. Year to date, CCSB is up 0.48% versus a gain of 13.39% for SPY.
Over three years, CCSB compounded at +4.07% per year against +21.36% for SPY; over five years the annualized figures are +0.76% and +13.19% respectively. Across the full 19-year window we track, SPY has the edge at +8.84% annualized vs +4.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCSB has been the more volatile fund, with annualized monthly volatility of 47.2% compared with 15.3% 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 -63.5% for CCSB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCSB charges 0.51% per year while SPY charges 0.09%. On a $10,000 position that is $51 vs $9 annually, a gap of $42 per year that compounds over a long holding period. On income, CCSB currently yields 4.65% against 1.01% for SPY.
Holdings Overlap
CCSB and SPY share 0 holdings out of 540 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CCSB or SPY?
CCSB has an expense ratio of 0.51% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, CCSB or SPY?
Over the past year CCSB returned +1.55% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), CCSB annualized +4.50% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CCSB or SPY?
CCSB has been the more volatile fund at 47.2% annualized versus 15.3% for SPY. Worst drawdown: CCSB -63.5% vs SPY -56.5%.
Should I hold both CCSB and SPY?
CCSB and SPY have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCSB and SPY?
CCSB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, CCSB or SPY?
CCSB yields 4.65% while SPY yields 1.01%, so CCSB currently pays the higher dividend yield.
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