DYLD vs SPY
LeaderShares Dynamic Yield ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DYLD or SPY?
Diversified Sectoral Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.5%.
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 | DYLD | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $39M | $804.7B |
| Dividend Yield | 4.25% | 0.98% |
| Holdings | 174 | 505 |
| YTD Return | +0.98% | +13.81%Best |
| 1Y Return | +1.63% | +16.94%Best |
| 3Y Return (annualized) | +4.63% | +22.84%Best |
| 5Y Return (annualized) | +0.51% | +13.50%Best |
| Volatility (annualized) | 4.9%Best | 15.5% |
| Max Drawdown | -15.0%Best | -24.5% |
| $10,000 over 5 years | $10,258 | $18,836Best |
| Top 10 Weight | 57.5% | 37.8%Best |
| Fund Family | LeaderShares | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Diversified Sectoral Bond | Large Cap Blend |
| Inception | Jun 28, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2021 to Sep 22, 2026 (5.2 years).
DYLD 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 5.2 years both funds cover.
DYLD vs SPY Performance
LeaderShares Dynamic Yield ETF (DYLD) is an ETF from LeaderShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DYLD returned +1.63% while SPY returned +16.94%. Year to date, DYLD is up 0.98% versus a gain of 13.81% for SPY.
Over three years, DYLD compounded at +4.63% per year against +22.84% for SPY; over five years the annualized figures are +0.51% and +13.50% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 4.9% for DYLD. 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 -15.0% for DYLD and -24.5% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DYLD 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, DYLD currently yields 4.25% against 0.98% for SPY.
Holdings Overlap
95.9% of DYLD's money is in holdings SPY also owns. 31.9% of SPY's money is in holdings DYLD also owns.
Most of DYLD is already inside SPY. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 33 positions we hold weights for in DYLD and 504 in SPY, against full books of 174 and 505.
What only one of them owns
Our book lists 467 positions for SPY that do not appear in our book for DYLD (67.4% of the fund), and 1 for DYLD that do not appear in SPY (1.6%).
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 DYLD | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.61% | 7.26% | 1.35% |
| NVDANvidia Corp | 3.81% | 8.01% | 4.20% |
| AMGNAmgen Inc. | 9.36% | 0.36% | 9.00% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 8.15% | 1.04% | 7.11% |
| MSFTMicrosoft Corp | 1.98% | 5.66% | 3.68% |
| JPMJpmorgan Chase | 4.30% | 1.45% | 2.85% |
| AMATApplied Materials, Inc. | 4.97% | 0.53% | 4.44% |
| NEENextera Energy Inc | 4.73% | 0.26% | 4.47% |
| MPCMarathon Petroleum Corp | 4.57% | 0.17% | 4.40% |
| CFCf Industries Holdings Inc. | 4.59% | 0.03% | 4.56% |
95.9% of DYLD 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, DYLD or SPY?
DYLD has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, DYLD or SPY?
Over the past year DYLD returned +1.63% vs +16.94% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DYLD or SPY?
SPY has been the more volatile fund at 15.5% annualized versus 4.9% for DYLD. Worst drawdown: DYLD -15.0% vs SPY -24.5%.
Should I hold both DYLD and SPY?
DYLD and SPY have a monthly-return correlation of 0.74, 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 DYLD and SPY?
95.9% of DYLD's money is in holdings SPY also owns. 31.9% of SPY's is in holdings DYLD also owns. They hold 30 positions in common, counted across the 33 positions we hold weights for in DYLD and 504 in SPY.
Which pays a higher dividend, DYLD or SPY?
DYLD yields 4.25% while SPY yields 0.98%, so DYLD currently pays the higher dividend yield.
Is SPY better than DYLD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 57.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.