DRES vs SPY
GMO Domestic Resilience ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DRES delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DRES | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $37M | $814.4B | |
| Dividend Yield | 0.52% | 1.01% | |
| Holdings | 39 | 505 | |
| YTD Return | +14.74% | +12.10% | |
| 1Y Return | +20.40% | +20.30% | |
| 3Y Return (annualized) | - | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -10.4% | -56.5% | |
| Fund Family | GMO | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 1, 2025 | Jan 22, 1993 |
DRES vs SPY Performance
GMO Domestic Resilience ETF (DRES) is a ETF from GMO and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DRES returned +20.40% while SPY returned +20.30%. Year to date, DRES is up 14.74% versus a gain of 12.10% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -10.4% for DRES and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.52% against 1.01% for SPY.
Holdings Overlap
DRES and SPY share 23 holdings out of 520 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $41 per year of difference.
Which performed better, DRES or SPY?
Over the past year DRES returned +20.40% vs +20.30% for SPY, so DRES leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between DRES and SPY?
DRES and SPY share 23 common holdings with a 1.9% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, DRES or SPY?
DRES yields 0.52% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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