FTNY vs SPY
Franklin New York Municipal Income 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 505 holdings.
Side-by-Side Comparison
| Metric | FTNY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $596M | $821.1B | |
| Dividend Yield | 3.54% | 1.01% | |
| Holdings | 275 | 505 | |
| YTD Return | +0.56% | +13.47% | |
| 1Y Return | - | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.1% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 2, 1983 | Jan 22, 1993 |
FTNY vs SPY Performance
Franklin New York Municipal Income ETF (FTNY) is a ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FTNY is up 0.56% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.1% for FTNY 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
FTNY charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, FTNY currently yields 3.54% against 1.01% for SPY.
Holdings Overlap
FTNY and SPY share 0 holdings out of 591 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, FTNY or SPY?
FTNY has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
What is the holdings overlap between FTNY and SPY?
FTNY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 591 unique securities.
Which pays a higher dividend, FTNY or SPY?
FTNY yields 3.54% while SPY yields 1.01%, so FTNY currently pays the higher dividend yield.
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