EDGE vs SPY
MRBL Enhanced Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EDGE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EDGE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $10M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +13.80% | +13.79% | |
| 1Y Return | +25.97% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 11.9% | 15.3% | |
| Max Drawdown | -20.7% | -56.5% | |
| Fund Family | MRBL Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 21, 2025 | Jan 22, 1993 |
EDGE vs SPY Performance
MRBL Enhanced Equity ETF (EDGE) is a ETF from MRBL Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EDGE returned +25.97% while SPY returned +23.66%. Year to date, EDGE is up 13.80% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.9% for EDGE. 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 -20.7% for EDGE 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EDGE charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, EDGE currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
EDGE and SPY share 0 holdings out of 504 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, EDGE or SPY?
EDGE has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, EDGE or SPY?
Over the past year EDGE returned +25.97% vs +23.66% for SPY, so EDGE leads on 1-year performance. Over the longest common window we track (2 years), EDGE annualized +17.84% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EDGE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.9% for EDGE. Worst drawdown: EDGE -20.7% vs SPY -56.5%.
Should I hold both EDGE and SPY?
EDGE and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EDGE and SPY?
EDGE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, EDGE or SPY?
EDGE yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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