LDRC vs SPY
iShares iBonds 1-5 Year Corporate Ladder 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 | LDRC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $87M | $789.1B | |
| Dividend Yield | 4.21% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | +0.79% | +13.75% | |
| 1Y Return | +3.04% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 1.3% | 15.3% | |
| Max Drawdown | -1.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2024 | Jan 22, 1993 |
LDRC vs SPY Performance
iShares iBonds 1-5 Year Corporate Ladder ETF (LDRC) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LDRC returned +3.04% while SPY returned +22.91%. Year to date, LDRC is up 0.79% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.3% for LDRC. 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 -1.0% for LDRC 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LDRC charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, LDRC currently yields 4.21% against 1.01% for SPY.
Holdings Overlap
LDRC and SPY share 0 holdings out of 509 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, LDRC or SPY?
LDRC has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, LDRC or SPY?
Over the past year LDRC returned +3.04% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LDRC annualized +4.18% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, LDRC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.3% for LDRC. Worst drawdown: LDRC -1.0% vs SPY -56.5%.
Should I hold both LDRC and SPY?
LDRC and SPY have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LDRC and SPY?
LDRC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, LDRC or SPY?
LDRC yields 4.21% while SPY yields 1.01%, so LDRC currently pays the higher dividend yield.
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