DUKX vs SPY
Ocean Park International 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 505 holdings.
Side-by-Side Comparison
| Metric | DUKX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.09% | |
| AUM | $4M | $821.1B | |
| Dividend Yield | 1.94% | 1.01% | |
| Holdings | 13 | 505 | |
| YTD Return | +9.52% | +12.22% | |
| 1Y Return | +19.46% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 12.4% | 15.3% | |
| Max Drawdown | -19.6% | -56.5% | |
| Fund Family | Ocean Park Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 10, 2024 | Jan 22, 1993 |
DUKX vs SPY Performance
Ocean Park International ETF (DUKX) is a ETF from Ocean Park Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DUKX returned +19.46% while SPY returned +20.83%. Year to date, DUKX is up 9.52% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.4% for DUKX. 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 -19.6% for DUKX 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DUKX charges 1.03% per year while SPY charges 0.09%. On a $10,000 position that is $103 vs $9 annually, a gap of $94 per year that compounds over a long holding period. On income, DUKX currently yields 1.94% against 1.01% for SPY.
Holdings Overlap
DUKX and SPY share 0 holdings out of 515 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, DUKX or SPY?
DUKX has an expense ratio of 1.03% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, DUKX or SPY?
Over the past year DUKX returned +19.46% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), DUKX annualized +8.57% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, DUKX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.4% for DUKX. Worst drawdown: DUKX -19.6% vs SPY -56.5%.
Should I hold both DUKX and SPY?
DUKX and SPY have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DUKX and SPY?
DUKX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, DUKX or SPY?
DUKX yields 1.94% while SPY yields 1.01%, so DUKX currently pays the higher dividend yield.
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