CDIG vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricCDIGSPYWinner
Expense Ratio0.75%0.09%
AUM$47M$789.1B
Dividend Yield0.00%1.01%
Holdings26505
YTD Return+6.41%+13.39%
1Y Return+6.93%+22.52%
3Y Return (annualized)-+21.36%
5Y Return (annualized)-+13.19%
Volatility (annualized)-15.3%
Max Drawdown-11.3%-56.5%
Fund FamilyCity Different InvestmentsState Street Investment Management
CategoryEquityEquity
InceptionSep 16, 2025Jan 22, 1993

CDIG vs SPY Performance

City Different Investments Global Equity ETF (CDIG) is a ETF from City Different Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CDIG returned +6.93% while SPY returned +22.52%. Year to date, CDIG is up 6.41% versus a gain of 13.39% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -11.3% for CDIG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

CDIG charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, CDIG currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

4.7%overlap

CDIG and SPY share 6 holdings out of 523 unique holdings combined, representing a 4.7% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in CDIGWeight in SPYDifference
AMZN4.49%3.69%0.80%
CVNA7.90%0.08%7.82%
UBER3.56%0.23%3.33%
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Frequently Asked Questions

Which is cheaper, CDIG or SPY?

CDIG has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.

Which performed better, CDIG or SPY?

Over the past year CDIG returned +6.93% vs +22.52% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.

What is the holdings overlap between CDIG and SPY?

CDIG and SPY share 6 common holdings with a 4.7% weight overlap. Combined, they hold 523 unique securities.

Which pays a higher dividend, CDIG or SPY?

CDIG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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