FLXR vs SPY
TCW Flexible Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FLXR or SPY?
Intermediate Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | FLXR | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | - | $804.7B |
| Dividend Yield | 6.01% | 0.98% |
| Holdings | 1,621 | 505 |
| YTD Return | +0.98% | +12.22%Best |
| 1Y Return | +2.34% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 3.0%Best | 11.9% |
| Max Drawdown | -1.9%Best | -18.8% |
| $10,000 over 2.2 years | $11,436 | $14,310Best |
| Fund Family | TCW ETFs | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Intermediate Term Bond | Large Cap Blend |
| Inception | Jun 24, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 24, 2024 to Sep 17, 2026 (2.2 years).
FLXR 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 2.2 years both funds cover.
FLXR vs SPY Performance
TCW Flexible Income ETF (FLXR) is an ETF from TCW ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FLXR returned +2.34% while SPY returned +16.97%. Year to date, FLXR is up 0.98% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 3.0% for FLXR. 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 -1.9% for FLXR and -18.8% 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 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLXR charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, FLXR currently yields 6.01% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 493 holdings in FLXR and 504 in SPY, totalling 46.5% and 99.9% of the two funds. That is not enough of FLXR to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 95 days apart, FLXR as of May 29, 2026 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 493 positions we hold weights for in FLXR and 504 in SPY, against full books of 1,621 and 505.
Top Shared Holdings
| Stock | Weight in FLXR | Weight in SPY | Difference |
|---|---|---|---|
| CNPCenterPoint Energy Inc 5.95 04/01/2056 | 0.15% | 0.04% | 0.11% |
You are not choosing between two funds in isolation.
Whichever of FLXR and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FLXR or SPY?
FLXR has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, FLXR or SPY?
Over the past year FLXR returned +2.34% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLXR annualized +6.29% vs +17.69% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLXR or SPY?
SPY has been the more volatile fund at 11.9% annualized versus 3.0% for FLXR. Worst drawdown: FLXR -1.9% vs SPY -18.8%.
Should I hold both FLXR and SPY?
FLXR and SPY have a monthly-return correlation of 0.38, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FLXR or SPY?
FLXR yields 6.01% while SPY yields 0.98%, so FLXR currently pays the higher dividend yield.
Is SPY better than FLXR?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.