CTEC vs SPY
Global X ClimateTech ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CTEC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CTEC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $24M | $789.1B | |
| Dividend Yield | 0.55% | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +3.70% | +13.75% | |
| 1Y Return | +42.21% | +22.91% | |
| 3Y Return (annualized) | -2.98% | +21.67% | |
| 5Y Return (annualized) | -10.01% | +13.32% | |
| Volatility (annualized) | 39.6% | 15.3% | |
| Max Drawdown | -81.6% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 27, 2020 | Jan 22, 1993 |
CTEC vs SPY Performance
Global X ClimateTech ETF (CTEC) 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 CTEC returned +42.21% while SPY returned +22.91%. Year to date, CTEC is up 3.70% versus a gain of 13.75% for SPY.
Over three years, CTEC compounded at -2.98% per year against +21.67% for SPY; over five years the annualized figures are -10.01% and +13.32% respectively. Across the full 6-year window we track, SPY has the edge at +8.85% annualized vs -4.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CTEC has been the more volatile fund, with annualized monthly volatility of 39.6% 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 -81.6% for CTEC 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CTEC 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, CTEC currently yields 0.55% against 1.01% for SPY.
Holdings Overlap
CTEC and SPY share 1 holdings out of 542 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CTEC | Weight in SPY | Difference |
|---|---|---|---|
| FSLR | 6.09% | 0.04% | 6.05% |
Frequently Asked Questions
Which is cheaper, CTEC or SPY?
CTEC 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, CTEC or SPY?
Over the past year CTEC returned +42.21% vs +22.91% for SPY, so CTEC leads on 1-year performance. Over the longest common window we track (6 years), CTEC annualized -4.20% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CTEC or SPY?
CTEC has been the more volatile fund at 39.6% annualized versus 15.3% for SPY. Worst drawdown: CTEC -81.6% vs SPY -56.5%.
Should I hold both CTEC and SPY?
CTEC and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CTEC and SPY?
CTEC and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, CTEC or SPY?
CTEC yields 0.55% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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