ITDE vs SPY
iShares LifePath Target Date 2045 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ITDE or SPY?
Target Date against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 98.6%.
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 | ITDE | SPY |
|---|---|---|
| Expense Ratio | 0.11% | 0.09%Best |
| AUM | $95M | $804.7B |
| Dividend Yield | 1.65% | 0.98% |
| Holdings | 14 | 505 |
| YTD Return | +10.79% | +12.22%Best |
| 1Y Return | +15.29% | +16.97%Best |
| 3Y Return (annualized) | +20.61% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 10.6%Best | 12.4% |
| Max Drawdown | -14.7%Best | -18.8% |
| $10,000 over 2.9 years | $17,219 | $18,447Best |
| Top 10 Weight | 98.6% | 37.8%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Target Date | Large Cap Blend |
| Inception | Oct 17, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 19, 2023 to Sep 17, 2026 (2.9 years).
ITDE 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 2.9 years both funds cover.
ITDE vs SPY Performance
iShares LifePath Target Date 2045 ETF (ITDE) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ITDE returned +15.29% while SPY returned +16.97%. Year to date, ITDE is up 10.79% versus a gain of 12.22% for SPY.
Over three years, ITDE compounded at +20.61% per year against +21.16% 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 12.4% compared with 10.6% for ITDE. 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 -14.7% for ITDE 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ITDE charges 0.11% per year while SPY charges 0.09%. On a $10,000 position that is $11 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, ITDE currently yields 1.65% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 13 holdings in ITDE and 504 in SPY, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 13 positions we hold weights for in ITDE and 504 in SPY, against full books of 14 and 505.
What only one of them owns
Measured across the 13 and 504 positions we hold weights for.
SPY holds 497 positions ITDE does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of ITDE 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, ITDE or SPY?
ITDE has an expense ratio of 0.11% while SPY charges 0.09%. SPY is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, ITDE or SPY?
Over the past year ITDE returned +15.29% vs +16.97% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ITDE or SPY?
SPY has been the more volatile fund at 12.4% annualized versus 10.6% for ITDE. Worst drawdown: ITDE -14.7% vs SPY -18.8%.
Should I hold both ITDE and SPY?
ITDE and SPY have a monthly-return correlation of 0.94, 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.
Which pays a higher dividend, ITDE or SPY?
ITDE yields 1.65% while SPY yields 0.98%, so ITDE currently pays the higher dividend yield.
Is SPY better than ITDE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 98.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.