DUNK vs SPY
DUNK vs SPY
Dana Unconstrained Equity 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 | DUNK | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $154M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 23 | 505 | |
| YTD Return | +16.18% | +13.79% | |
| 1Y Return | +12.58% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -25.6% | -56.5% | |
| Fund Family | Dana Investment Advisors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2025 | Jan 22, 1993 |
DUNK vs SPY Performance
Dana Unconstrained Equity ETF (DUNK) is a ETF from Dana Investment Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DUNK returned +12.58% while SPY returned +23.66%. Year to date, DUNK is up 16.18% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -25.6% for DUNK 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
DUNK charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, DUNK currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
DUNK and SPY share 19 holdings out of 508 unique holdings combined, representing a 28.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DUNK | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.06% | 7.31% | 0.25% |
| MSFT | 7.25% | 4.43% | 2.82% |
| DDOG | 8.93% | 0.13% | 8.80% |
| NOW | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| DASH | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings DUNK shares with SPY Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, DUNK or SPY?
DUNK has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, DUNK or SPY?
Over the past year DUNK returned +12.58% vs +23.66% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between DUNK and SPY?
DUNK and SPY share 19 common holdings with a 28.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, DUNK or SPY?
DUNK yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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