DXYZ vs SPY
Destiny Tech100 Inc vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DXYZ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DXYZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 6.28% | 0.09% | |
| AUM | - | $821.1B | |
| Dividend Yield | - | 1.01% | |
| Holdings | 39 | 505 | |
| YTD Return | +11.32% | +12.68% | |
| 1Y Return | +25.89% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 203.1% | 15.3% | |
| Max Drawdown | -90.3% | -56.5% | |
| Fund Family | Destiny Advisors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2024 | Jan 22, 1993 |
DXYZ vs SPY Performance
Destiny Tech100 Inc (DXYZ) is a ETF from Destiny Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DXYZ returned +25.89% while SPY returned +21.82%. Year to date, DXYZ is up 11.32% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
DXYZ has been the more volatile fund, with annualized monthly volatility of 203.1% compared with 15.3% 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 -90.3% for DXYZ 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DXYZ charges 6.28% per year while SPY charges 0.09%. On a $10,000 position that is $628 vs $9 annually, a gap of $619 per year that compounds over a long holding period.
Holdings Overlap
DXYZ and SPY share 0 holdings out of 510 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, DXYZ or SPY?
DXYZ has an expense ratio of 6.28% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $619 per year of difference.
Which performed better, DXYZ or SPY?
Over the past year DXYZ returned +25.89% vs +21.82% for SPY, so DXYZ leads on 1-year performance. Over the longest common window we track (2 years), DXYZ annualized +74.74% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, DXYZ or SPY?
DXYZ has been the more volatile fund at 203.1% annualized versus 15.3% for SPY. Worst drawdown: DXYZ -90.3% vs SPY -56.5%.
Should I hold both DXYZ and SPY?
DXYZ and SPY have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DXYZ and SPY?
DXYZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
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