CUSD vs SPY
CrossingBridge Ultra-Short Duration ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CUSD or SPY?
Small Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 54.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CUSD | SPY |
|---|---|---|
| Expense Ratio | 0.81% | 0.09%Best |
| AUM | $11M | $814.4B |
| Dividend Yield | 13.50% | 1.01% |
| Holdings | 39 | 505 |
| Volatility (annualized) | 3.0%Best | 15.9% |
| Max Drawdown | -5.4%Best | -24.5% |
| $10,000 over 4.8 years | $13,185 | $18,411Best |
| Top 10 Weight | 54.2% | 38.0%Best |
| Fund Family | CrossingBridge | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Blend |
| Inception | Sep 20, 2021 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 53 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CUSD has data through Jul 13, 2026 and SPY through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Sep 21, 2021 to Jul 13, 2026 (4.8 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 3.0% for CUSD. 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 -5.4% for CUSD and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.02. They move largely independently of each other.
Fees and Cost Over Time
CUSD charges 0.81% per year while SPY charges 0.09%. On a $10,000 position that is $81 vs $9 annually, a gap of $72 per year that compounds over a long holding period. On income, CUSD currently yields 13.50% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 35 holdings in CUSD and 503 in SPY, totalling 97.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 158 days apart, CUSD as of Feb 27, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 35 positions we hold weights for in CUSD and 503 in SPY, against full books of 39 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for CUSD (99.4% of the fund), and 27 for CUSD that do not appear in SPY (63.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CUSD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CUSD or SPY?
CUSD has an expense ratio of 0.81% while SPY charges 0.09%. SPY is the cheaper option, by $72 a year on a $10,000 investment.
Which is riskier, CUSD or SPY?
SPY has been the more volatile fund at 15.9% annualized versus 3.0% for CUSD. Worst drawdown: CUSD -5.4% vs SPY -24.5%.
Should I hold both CUSD and SPY?
CUSD and SPY have a monthly-return correlation of -0.02, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CUSD or SPY?
CUSD yields 13.50% while SPY yields 1.01%, so CUSD currently pays the higher dividend yield.
Is SPY better than CUSD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 54.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.