LDRI vs SPY
iShares iBonds 1-5 Year TIPS 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 | LDRI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $22M | $789.1B | |
| Dividend Yield | 3.54% | 1.01% | |
| Holdings | 26 | 505 | |
| YTD Return | +1.99% | +13.39% | |
| 1Y Return | +2.94% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 1.7% | 15.3% | |
| Max Drawdown | -0.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2024 | Jan 22, 1993 |
LDRI vs SPY Performance
iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) 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 LDRI returned +2.94% while SPY returned +22.52%. Year to date, LDRI is up 1.99% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.7% for LDRI. 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 -0.8% for LDRI 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LDRI 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, LDRI currently yields 3.54% against 1.01% for SPY.
Holdings Overlap
LDRI and SPY share 0 holdings out of 526 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, LDRI or SPY?
LDRI 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, LDRI or SPY?
Over the past year LDRI returned +2.94% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LDRI annualized +4.41% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, LDRI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.7% for LDRI. Worst drawdown: LDRI -0.8% vs SPY -56.5%.
Should I hold both LDRI and SPY?
LDRI and SPY have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LDRI and SPY?
LDRI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, LDRI or SPY?
LDRI yields 3.54% while SPY yields 1.01%, so LDRI currently pays the higher dividend yield.
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