DECO vs SPY
State Street Galaxy Digital Asset Ecosystem ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DECO or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. DECO led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.7%.
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 | DECO | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $20M | $814.4B |
| Dividend Yield | 0.72% | 1.01% |
| Holdings | 32 | 505 |
| YTD Return | +53.55%Best | +13.34% |
| 1Y Return | +96.12%Best | +19.97% |
| 3Y Return (annualized) | +75.18%Best | +21.20% |
| 5Y Return (annualized) | +75.18%Best | +12.81% |
| Volatility (annualized) | 740292.1% | 15.2%Best |
| Max Drawdown | - | -56.5% |
| $10,000 over 5 years | $164,977Best | $18,270 |
| Top 10 Weight | 63.7% | 38.0%Best |
| Fund Family | SPDR State Street Global Advisors | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Sep 9, 2024 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 4, 1996 to Sep 4, 2026 (30.7 years).
DECO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DECO vs SPY Performance
State Street Galaxy Digital Asset Ecosystem ETF (DECO) is an ETF from SPDR State Street Global Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DECO returned +96.12% while SPY returned +19.97%. Year to date, DECO is up 53.55% versus a gain of 13.34% for SPY.
Over three years, DECO compounded at +75.18% per year against +21.20% for SPY; over five years the annualized figures are +75.18% and +12.81% respectively. Across the full 31-year window we track, SPY has the edge at +8.84% annualized vs +1.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DECO has been the more volatile fund, with annualized monthly volatility of 740292.1% compared with 15.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
DECO charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, DECO currently yields 0.72% against 1.01% for SPY.
Holdings Overlap
45.8% of DECO's money is in holdings SPY also owns. 21.3% of SPY's money is in holdings DECO also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 31 positions we hold weights for in DECO and 503 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for DECO (78.1% of the fund), and 12 for DECO that do not appear in SPY (51.7%).
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.
Top Shared Holdings
| Stock | Weight in DECO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 5.19% | 7.71% | 2.52% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.69% | 5.50% | 0.19% |
| JPMJpmorgan Chase & Co. | 4.53% | 1.44% | 3.09% |
| CRWDCrowdstrike Holdings Inc - A | 4.08% | 0.32% | 3.76% |
| PANWPalo Alto Networks Inc - Common | 3.60% | 0.45% | 3.15% |
| MUMicron Technology, Inc. | 2.30% | 1.51% | 0.79% |
| HOODRobinhood Markets Inc - A | 3.49% | 0.11% | 3.38% |
| V'visa Inc., Class 'a'' | 2.07% | 0.92% | 1.15% |
| MAMastercard Inc | 2.06% | 0.69% | 1.37% |
| BLKBlackrock Inc. | 2.34% | 0.25% | 2.09% |
45.8% of DECO is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DECO or SPY?
DECO has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, DECO or SPY?
Over the past year DECO returned +96.12% vs +19.97% for SPY, so DECO leads on 1-year performance. Over the longest common window we track (31 years), DECO annualized +1.02% vs +8.84% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DECO or SPY?
DECO has been the more volatile fund at 740292.1% annualized versus 15.2% for SPY.
Should I hold both DECO and SPY?
DECO and SPY have a monthly-return correlation of 0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DECO and SPY?
45.8% of DECO's money is in holdings SPY also owns. 21.3% of SPY's is in holdings DECO also owns. They hold 17 positions in common, counted across the 31 positions we hold weights for in DECO and 503 in SPY.
Which pays a higher dividend, DECO or SPY?
DECO yields 0.72% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than DECO?
SPY has a lower expense ratio. DECO led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.