CORO vs SPY
iShares International Country Rotation Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CORO delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CORO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $7.7B | $789.1B | |
| Dividend Yield | 2.71% | 1.01% | |
| Holdings | 40 | 505 | |
| YTD Return | +17.21% | +13.75% | |
| 1Y Return | +31.94% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -14.1% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 3, 2024 | Jan 22, 1993 |
CORO vs SPY Performance
iShares International Country Rotation Active ETF (CORO) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CORO returned +31.94% while SPY returned +22.91%. Year to date, CORO is up 17.21% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% for CORO. 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 -14.1% for CORO 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CORO charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, CORO currently yields 2.71% against 1.01% for SPY.
Holdings Overlap
CORO and SPY share 0 holdings out of 533 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, CORO or SPY?
CORO has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, CORO or SPY?
Over the past year CORO returned +31.94% vs +22.91% for SPY, so CORO leads on 1-year performance. Over the longest common window we track (2 years), CORO annualized +30.53% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CORO or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.9% for CORO. Worst drawdown: CORO -14.1% vs SPY -56.5%.
Should I hold both CORO and SPY?
CORO and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CORO and SPY?
CORO and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, CORO or SPY?
CORO yields 2.71% while SPY yields 1.01%, so CORO currently pays the higher dividend yield.
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