COOL vs SPY
VegaShares AI Thermal, Cooling & Power Management ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, COOL or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. COOL led over 3Y and 5Y, SPY over 1Y 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 | COOL | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $521,115.29 | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 13 | 505 |
| YTD Return | -0.53% | +12.22%Best |
| 1Y Return | -0.53% | +16.97%Best |
| 3Y Return (annualized) | +22.74%Best | +21.16% |
| 5Y Return (annualized) | +15.81%Best | +13.00% |
| Volatility (annualized) | 47.5% | 15.2%Best |
| Max Drawdown | -10.9%Best | -24.5% |
| $10,000 over 5 years | $20,832Best | $18,424 |
| Fund Family | VegaShares ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 13, 2026 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 19, 2021 to Sep 17, 2026 (5.6 years).
COOL 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 5.6 years both funds cover.
COOL vs SPY Performance
VegaShares AI Thermal, Cooling & Power Management ETF (COOL) is an ETF from VegaShares ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year COOL returned -0.53% while SPY returned +16.97%. Year to date, COOL is down 0.53% versus a gain of 12.22% for SPY.
Over three years, COOL compounded at +22.74% per year against +21.16% for SPY; over five years the annualized figures are +15.81% and +13.00% respectively. Across the full 6-year window we track, SPY has the edge at +14.29% annualized vs +13.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
COOL has been the more volatile fund, with annualized monthly volatility of 47.5% compared with 15.2% 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 -10.9% for COOL and -24.5% 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 0.04. They move largely independently of each other.
Fees and Cost Over Time
COOL 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, COOL currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
At least 0.3% of SPY's money is in holdings COOL also owns.
Stated as a floor: for COOL, our book for it covers 57.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 13 positions we hold weights for in COOL and 504 in SPY, against full books of 13 and 505.
You are not choosing between two funds in isolation.
Whichever of COOL 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, COOL or SPY?
COOL has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, COOL or SPY?
Over the past year COOL returned -0.53% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), COOL annualized +13.13% vs +14.29% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, COOL or SPY?
COOL has been the more volatile fund at 47.5% annualized versus 15.2% for SPY. Worst drawdown: COOL -10.9% vs SPY -24.5%.
Should I hold both COOL and SPY?
COOL and SPY have a monthly-return correlation of 0.04, 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, COOL or SPY?
COOL yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than COOL?
SPY has a lower expense ratio. COOL led over 3Y and 5Y, SPY over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.