GDFN vs SPY
Tema International Defense Innovation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GDFN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.09% | |
| AUM | $1M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 32 | 505 | |
| YTD Return | -2.64% | +14.47% | |
| 1Y Return | - | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -21.4% | -56.5% | |
| Fund Family | Tema Global Limited | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2025 | Jan 22, 1993 |
GDFN vs SPY Performance
Tema International Defense Innovation ETF (GDFN) is a ETF from Tema Global Limited and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, GDFN is down 2.64% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -21.4% for GDFN 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
GDFN charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, GDFN currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GDFN and SPY share 7 holdings out of 527 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GDFN or SPY?
GDFN has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
What is the holdings overlap between GDFN and SPY?
GDFN and SPY share 7 common holdings with a 1.7% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, GDFN or SPY?
GDFN yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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