JUNZ vs SPY
TrueShares Structured Outcome June 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 503 holdings.
Side-by-Side Comparison
| Metric | JUNZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $30M | $789.1B | |
| Dividend Yield | 2.13% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +10.13% | +13.39% | |
| 1Y Return | +14.15% | +22.52% | |
| 3Y Return (annualized) | +14.49% | +21.36% | |
| 5Y Return (annualized) | +8.91% | +13.19% | |
| Volatility (annualized) | 11.4% | 15.3% | |
| Max Drawdown | -17.9% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 28, 2021 | Jan 22, 1993 |
JUNZ vs SPY Performance
TrueShares Structured Outcome June ETF (JUNZ) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JUNZ returned +14.15% while SPY returned +22.52%. Year to date, JUNZ is up 10.13% versus a gain of 13.39% for SPY.
Over three years, JUNZ compounded at +14.49% per year against +21.36% for SPY; over five years the annualized figures are +8.91% and +13.19% respectively. Across the full 5-year window we track, JUNZ has the edge at +9.42% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.4% for JUNZ. 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 -17.9% for JUNZ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JUNZ charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, JUNZ currently yields 2.13% against 1.01% for SPY.
Holdings Overlap
JUNZ and SPY share 0 holdings out of 505 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, JUNZ or SPY?
JUNZ has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, JUNZ or SPY?
Over the past year JUNZ returned +14.15% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JUNZ annualized +9.42% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, JUNZ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.4% for JUNZ. Worst drawdown: JUNZ -17.9% vs SPY -56.5%.
Should I hold both JUNZ and SPY?
JUNZ and SPY have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JUNZ and SPY?
JUNZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, JUNZ or SPY?
JUNZ yields 2.13% while SPY yields 1.01%, so JUNZ currently pays the higher dividend yield.
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