GROZ vs SPY
Zacks Focus Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GROZ or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. GROZ led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.0%.
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 | GROZ | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $122M | $811.2B |
| Dividend Yield | 0.04% | 0.98% |
| Holdings | 88 | 1,515 |
| YTD Return | +15.18%Best | +14.85% |
| 1Y Return | +16.81% | +17.26%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.89% |
| Volatility (annualized) | 16.0% | 12.3%Best |
| Max Drawdown | -23.3% | -18.8%Best |
| $10,000 over 1.8 years | $13,623Best | $13,048 |
| Top 10 Weight | 59.0% | 38.2%Best |
| Fund Family | Zacks | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Sep 9, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 5, 2024 to Oct 9, 2026 (1.8 years).
GROZ 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 1.8 years both funds cover.
GROZ vs SPY Performance
Zacks Focus Growth ETF (GROZ) is an ETF from Zacks and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GROZ returned +16.81% while SPY returned +17.26%. Year to date, GROZ is up 15.18% versus a gain of 14.85% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GROZ has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 12.3% for SPY. 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 -23.3% for GROZ 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GROZ charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, GROZ currently yields 0.04% against 0.98% for SPY.
Holdings Overlap
89.0% of GROZ's money is in holdings SPY also owns. 46.5% of SPY's money is in holdings GROZ also owns.
Most of GROZ is already inside SPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 43 positions we hold weights for in GROZ and 504 in SPY, against full books of 88 and 1,515.
What only one of them owns
Our book lists 463 positions for SPY that do not appear in our book for GROZ (52.7% of the fund), and 4 for GROZ that do not appear in SPY (3.4%).
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 GROZ | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.34% | 7.45% | 2.89% |
| NVDANvidia Corp | 9.65% | 7.78% | 1.87% |
| MSFTMicrosoft Corp | 7.22% | 5.71% | 1.51% |
| GOOGLAlphabet Inc,class A | 7.20% | 3.12% | 4.08% |
| AMZNAmazon.Com Inc | 4.92% | 3.78% | 1.14% |
| AVGOBroadcom Inc | 5.28% | 2.48% | 2.80% |
| MUMicron Technology, Inc. | 4.28% | 1.59% | 2.69% |
| METAMeta Platforms Inc | 3.15% | 2.22% | 0.93% |
| TSLATesla Inc | 3.50% | 1.54% | 1.96% |
| LLYEli Lilly & Co. | 3.38% | 1.37% | 2.01% |
89.0% of GROZ 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, GROZ or SPY?
GROZ has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, GROZ or SPY?
Over the past year GROZ returned +16.81% vs +17.26% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), GROZ annualized +18.74% vs +15.93% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GROZ or SPY?
GROZ has been the more volatile fund at 16.0% annualized versus 12.3% for SPY. Worst drawdown: GROZ -23.3% vs SPY -18.8%.
Should I hold both GROZ and SPY?
GROZ and SPY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between GROZ and SPY?
89.0% of GROZ's money is in holdings SPY also owns. 46.5% of SPY's is in holdings GROZ also owns. They hold 34 positions in common, counted across the 43 positions we hold weights for in GROZ and 504 in SPY.
Which pays a higher dividend, GROZ or SPY?
GROZ yields 0.04% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than GROZ?
SPY has a lower expense ratio. GROZ led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.