LGCF vs SPY
Themes US Cash Flow Champions ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LGCF delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LGCF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 1.67% | 1.01% | |
| Holdings | 77 | 505 | |
| YTD Return | +13.70% | +12.22% | |
| 1Y Return | +21.50% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 10.2% | 15.3% | |
| Max Drawdown | -16.7% | -56.5% | |
| Fund Family | Themes ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 13, 2023 | Jan 22, 1993 |
LGCF vs SPY Performance
Themes US Cash Flow Champions ETF (LGCF) is a ETF from Themes ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LGCF returned +21.50% while SPY returned +20.83%. Year to date, LGCF is up 13.70% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.2% for LGCF. 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 -16.7% for LGCF 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LGCF charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, LGCF currently yields 1.67% against 1.01% for SPY.
Holdings Overlap
LGCF and SPY share 69 holdings out of 511 unique holdings combined, representing a 9.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LGCF or SPY?
LGCF has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, LGCF or SPY?
Over the past year LGCF returned +21.50% vs +20.83% for SPY, so LGCF leads on 1-year performance. Over the longest common window we track (3 years), LGCF annualized +19.28% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, LGCF or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.2% for LGCF. Worst drawdown: LGCF -16.7% vs SPY -56.5%.
Should I hold both LGCF and SPY?
LGCF and SPY have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LGCF and SPY?
LGCF and SPY share 69 common holdings with a 9.7% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, LGCF or SPY?
LGCF yields 1.67% while SPY yields 1.01%, so LGCF currently pays the higher dividend yield.
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