DECZ vs SPY
TrueShares Structured Outcome (December) 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 503 holdings.
Side-by-Side Comparison
| Metric | DECZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $36M | $789.1B | |
| Dividend Yield | 3.05% | 1.01% | |
| Holdings | 15 | 505 | |
| YTD Return | +10.23% | +13.68% | |
| 1Y Return | +12.07% | +21.53% | |
| 3Y Return (annualized) | +14.37% | +21.44% | |
| 5Y Return (annualized) | +10.02% | +13.18% | |
| Volatility (annualized) | 11.3% | 15.3% | |
| Max Drawdown | -16.6% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 30, 2020 | Jan 22, 1993 |
DECZ vs SPY Performance
TrueShares Structured Outcome (December) ETF (DECZ) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DECZ returned +12.07% while SPY returned +21.53%. Year to date, DECZ is up 10.23% versus a gain of 13.68% for SPY.
Over three years, DECZ compounded at +14.37% per year against +21.44% for SPY; over five years the annualized figures are +10.02% and +13.18% respectively. Across the full 6-year window we track, DECZ has the edge at +11.68% annualized vs +8.85%. 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 11.3% for DECZ. 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 -16.6% for DECZ 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DECZ charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, DECZ currently yields 3.05% against 1.01% for SPY.
Holdings Overlap
DECZ and SPY share 0 holdings out of 504 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, DECZ or SPY?
DECZ has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, DECZ or SPY?
Over the past year DECZ returned +12.07% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), DECZ annualized +11.68% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, DECZ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.3% for DECZ. Worst drawdown: DECZ -16.6% vs SPY -56.5%.
Should I hold both DECZ and SPY?
DECZ and SPY have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DECZ and SPY?
DECZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, DECZ or SPY?
DECZ yields 3.05% while SPY yields 1.01%, so DECZ currently pays the higher dividend yield.
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