LKOR vs SPY
Northern Trust Credit-Scored US Long Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LKOR or SPY?
Long Term Mid Quality against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | LKOR | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $34M | $804.7B |
| Dividend Yield | 5.90% | 0.98% |
| Holdings | 832 | 505 |
| YTD Return | -6.99% | +11.52%Best |
| 1Y Return | -8.38% | +17.48%Best |
| 3Y Return (annualized) | +2.49% | +20.62%Best |
| 5Y Return (annualized) | -4.28% | +12.73%Best |
| Volatility (annualized) | 27.8% | 15.1%Best |
| Max Drawdown | -42.4% | -34.1%Best |
| $10,000 over 5 years | $8,036 | $18,205Best |
| Fund Family | Northern Trust Asset Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term Mid Quality | Large Cap Blend |
| Inception | Sep 23, 2015 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 10, 2026 (11 years).
LKOR 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 11 years both funds cover.
LKOR vs SPY Performance
Northern Trust Credit-Scored US Long Corporate Bond ETF (LKOR) is an ETF from Northern Trust Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LKOR returned -8.38% while SPY returned +17.48%. Year to date, LKOR is down 6.99% versus a gain of 11.52% for SPY.
Over three years, LKOR compounded at +2.49% per year against +20.62% for SPY; over five years the annualized figures are -4.28% and +12.73% respectively. Across the full 11-year window we track, SPY has the edge at +14.06% annualized vs +1.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LKOR has been the more volatile fund, with annualized monthly volatility of 27.8% compared with 15.1% for SPY. 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 -42.4% for LKOR and -34.1% 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 0.12. They move largely independently of each other.
Fees and Cost Over Time
LKOR charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, LKOR currently yields 5.90% against 0.98% for SPY.
Holdings Overlap
At least 0.6% of SPY's money is in holdings LKOR also owns.
Stated as a floor: for LKOR, our book for it covers 85.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 772 positions we hold weights for in LKOR and 504 in SPY, against full books of 832 and 505.
Top Shared Holdings
| Stock | Weight in LKOR | Weight in SPY | Difference |
|---|---|---|---|
| LRCXLam Research Corp | 0.03% | 0.60% | 0.57% |
You are not choosing between two funds in isolation.
Whichever of LKOR 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, LKOR or SPY?
LKOR has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, LKOR or SPY?
Over the past year LKOR returned -8.38% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (11 years), LKOR annualized +1.99% vs +14.06% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LKOR or SPY?
LKOR has been the more volatile fund at 27.8% annualized versus 15.1% for SPY. Worst drawdown: LKOR -42.4% vs SPY -34.1%.
Should I hold both LKOR and SPY?
LKOR and SPY have a monthly-return correlation of 0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LKOR or SPY?
LKOR yields 5.90% while SPY yields 0.98%, so LKOR currently pays the higher dividend yield.
Is SPY better than LKOR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.