CPTL vs SPY
Global X Morningstar Capital Allocation Leaders 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 505 holdings.
Side-by-Side Comparison
| Metric | CPTL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $121M | $821.1B | |
| Dividend Yield | 2.37% | 1.01% | |
| Holdings | 146 | 505 | |
| YTD Return | +12.41% | +12.22% | |
| 1Y Return | +19.51% | +20.83% | |
| 3Y Return (annualized) | +18.41% | +21.70% | |
| 5Y Return (annualized) | +9.84% | +12.98% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -36.2% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 11, 2016 | Jan 22, 1993 |
CPTL vs SPY Performance
Global X Morningstar Capital Allocation Leaders ETF (CPTL) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CPTL returned +19.51% while SPY returned +20.83%. Year to date, CPTL is up 12.41% versus a gain of 12.22% for SPY.
Over three years, CPTL compounded at +18.41% per year against +21.70% for SPY; over five years the annualized figures are +9.84% and +12.98% respectively. Across the full 10-year window we track, CPTL has the edge at +12.94% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CPTL has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -36.2% for CPTL 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CPTL charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, CPTL currently yields 2.37% against 1.01% for SPY.
Holdings Overlap
CPTL and SPY share 109 holdings out of 522 unique holdings combined, representing a 21.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPTL or SPY?
CPTL has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, CPTL or SPY?
Over the past year CPTL returned +19.51% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), CPTL annualized +12.94% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, CPTL or SPY?
CPTL has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: CPTL -36.2% vs SPY -56.5%.
Should I hold both CPTL and SPY?
CPTL and SPY have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CPTL and SPY?
CPTL and SPY share 109 common holdings with a 21.3% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, CPTL or SPY?
CPTL yields 2.37% while SPY yields 1.01%, so CPTL currently pays the higher dividend yield.
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