CSNR vs SPY
Cohen & Steers Natural Resources Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CSNR delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CSNR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $99M | $821.1B | |
| Dividend Yield | 1.87% | 1.01% | |
| Holdings | 68 | 505 | |
| YTD Return | +19.54% | +12.93% | |
| 1Y Return | +39.97% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 16.5% | 15.3% | |
| Max Drawdown | -15.3% | -56.5% | |
| Fund Family | Cohen & Steers Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 3, 2025 | Jan 22, 1993 |
CSNR vs SPY Performance
Cohen & Steers Natural Resources Active ETF (CSNR) is a ETF from Cohen & Steers Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CSNR returned +39.97% while SPY returned +20.62%. Year to date, CSNR is up 19.54% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
CSNR has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -15.3% for CSNR 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 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSNR charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, CSNR currently yields 1.87% against 1.01% for SPY.
Holdings Overlap
CSNR and SPY share 15 holdings out of 547 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSNR or SPY?
CSNR has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, CSNR or SPY?
Over the past year CSNR returned +39.97% vs +20.62% for SPY, so CSNR leads on 1-year performance. Over the longest common window we track (2 years), CSNR annualized +32.35% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, CSNR or SPY?
CSNR has been the more volatile fund at 16.5% annualized versus 15.3% for SPY. Worst drawdown: CSNR -15.3% vs SPY -56.5%.
Should I hold both CSNR and SPY?
CSNR and SPY have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSNR and SPY?
CSNR and SPY share 15 common holdings with a 2.3% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, CSNR or SPY?
CSNR yields 1.87% while SPY yields 1.01%, so CSNR currently pays the higher dividend yield.
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