DRES vs SPY
GMO Domestic Resilience ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DRES or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 39.0%.
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 | DRES | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $34M | $811.2B |
| Dividend Yield | 0.53% | 0.98% |
| Holdings | 79 | 1,515 |
| YTD Return | +10.01% | +14.79%Best |
| 1Y Return | +15.06% | +18.62%Best |
| 3Y Return (annualized) | - | +23.21% |
| 5Y Return (annualized) | - | +13.92% |
| Volatility (annualized) | 18.5% | 13.2%Best |
| Max Drawdown | -11.9% | -8.9%Best |
| $10,000 over 1 years | $11,496 | $11,711Best |
| Top 10 Weight | 39.0% | 38.2%Best |
| Fund Family | GMO | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 1, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 1, 2025 to Oct 12, 2026 (1 years).
DRES 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 covers the 1 years both funds cover.
DRES vs SPY Performance
GMO Domestic Resilience ETF (DRES) is an ETF from GMO and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DRES returned +15.06% while SPY returned +18.62%. Year to date, DRES is up 10.01% versus a gain of 14.79% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DRES has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 13.2% 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 -11.9% for DRES and -8.9% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DRES 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, DRES currently yields 0.53% against 0.98% for SPY.
Holdings Overlap
64.4% of DRES's money is in holdings SPY also owns. 1.9% of SPY's money is in holdings DRES also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 39 positions we hold weights for in DRES and 504 in SPY, against full books of 79 and 1,515.
What only one of them owns
Our book lists 474 positions for SPY that do not appear in our book for DRES (97.3% of the fund), and 14 for DRES that do not appear in SPY (31.8%).
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 DRES | Weight in SPY | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 6.40% | 0.26% | 6.14% |
| MLMMartin Marietta Materials Inc. | 4.40% | 0.05% | 4.35% |
| JJacobs Engineering Group Inc. | 4.30% | 0.03% | 4.27% |
| NOCNorthrop Grumman Corp. | 3.60% | 0.11% | 3.49% |
| EQTEQT Corp. | 3.60% | 0.05% | 3.55% |
| ALLEAllegion Plc | 3.60% | 0.02% | 3.58% |
| COPConocophillips Common Stock USD 0.01 | 3.10% | 0.25% | 2.85% |
| VMCVulcan Materials Co. | 3.20% | 0.05% | 3.15% |
| HIIHuntington Ingalls Industries Inc. | 3.10% | 0.02% | 3.08% |
| EOGEog Resources Inc | 2.80% | 0.12% | 2.68% |
64.4% of DRES 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, DRES or SPY?
DRES has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, DRES or SPY?
Over the past year DRES returned +15.06% vs +18.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), DRES annualized +14.96% vs +17.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DRES or SPY?
DRES has been the more volatile fund at 18.5% annualized versus 13.2% for SPY. Worst drawdown: DRES -11.9% vs SPY -8.9%.
Should I hold both DRES and SPY?
DRES and SPY have a monthly-return correlation of 0.51, 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 DRES and SPY?
64.4% of DRES's money is in holdings SPY also owns. 1.9% of SPY's is in holdings DRES also owns. They hold 23 positions in common, counted across the 39 positions we hold weights for in DRES and 504 in SPY.
Which pays a higher dividend, DRES or SPY?
DRES yields 0.53% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than DRES?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.