CRDT vs SPY
Simplify Opportunistic Income 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 | CRDT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $36M | $821.1B | |
| Dividend Yield | 5.95% | 1.01% | |
| Holdings | 54 | 505 | |
| YTD Return | +5.07% | +13.17% | |
| 1Y Return | +4.61% | +21.53% | |
| 3Y Return (annualized) | +4.40% | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 5.6% | 15.3% | |
| Max Drawdown | -9.8% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 26, 2023 | Jan 22, 1993 |
CRDT vs SPY Performance
Simplify Opportunistic Income ETF (CRDT) is a ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CRDT returned +4.61% while SPY returned +21.53%. Year to date, CRDT is up 5.07% versus a gain of 13.17% for SPY.
Over three years, CRDT compounded at +4.40% per year against +22.06% for SPY. Across the full 3-year window we track, SPY has the edge at +8.82% annualized vs +4.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.6% for CRDT. 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 -9.8% for CRDT 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CRDT charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, CRDT currently yields 5.95% against 1.01% for SPY.
Holdings Overlap
CRDT and SPY share 0 holdings out of 521 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, CRDT or SPY?
CRDT has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, CRDT or SPY?
Over the past year CRDT returned +4.61% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), CRDT annualized +4.73% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, CRDT or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.6% for CRDT. Worst drawdown: CRDT -9.8% vs SPY -56.5%.
Should I hold both CRDT and SPY?
CRDT and SPY have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CRDT and SPY?
CRDT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, CRDT or SPY?
CRDT yields 5.95% while SPY yields 1.01%, so CRDT currently pays the higher dividend yield.
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