CNAV vs SPY
CNAV vs SPY
Mohr Company Nav ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CNAV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CNAV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.31% | 0.09% | |
| AUM | $48M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 33 | 505 | |
| YTD Return | +24.25% | +13.79% | |
| 1Y Return | +37.83% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 33.0% | 15.3% | |
| Max Drawdown | -30.1% | -56.5% | |
| Fund Family | Mohr Funds | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 1, 2024 | Jan 22, 1993 |
CNAV vs SPY Performance
Mohr Company Nav ETF (CNAV) is a ETF from Mohr Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CNAV returned +37.83% while SPY returned +23.66%. Year to date, CNAV is up 24.25% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
CNAV has been the more volatile fund, with annualized monthly volatility of 33.0% 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 -30.1% for CNAV 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CNAV charges 1.31% per year while SPY charges 0.09%. On a $10,000 position that is $131 vs $9 annually, a gap of $122 per year that compounds over a long holding period. On income, CNAV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CNAV and SPY share 25 holdings out of 508 unique holdings combined, representing a 9.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CNAV | Weight in SPY | Difference |
|---|---|---|---|
| AMD | 4.73% | 1.39% | 3.34% |
| WDC | 5.65% | 0.31% | 5.34% |
| MU | 3.45% | 1.71% | 1.74% |
| FIX | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| NTAP | Pro | Pro | Pro |
| CRWD | Pro | Pro | Pro |
See all 10 holdings CNAV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CNAV or SPY?
CNAV has an expense ratio of 1.31% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $122 per year of difference.
Which performed better, CNAV or SPY?
Over the past year CNAV returned +37.83% vs +23.66% for SPY, so CNAV leads on 1-year performance. Over the longest common window we track (2 years), CNAV annualized +27.27% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CNAV or SPY?
CNAV has been the more volatile fund at 33.0% annualized versus 15.3% for SPY. Worst drawdown: CNAV -30.1% vs SPY -56.5%.
Should I hold both CNAV and SPY?
CNAV and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNAV and SPY?
CNAV and SPY share 25 common holdings with a 9.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, CNAV or SPY?
CNAV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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