LLDR vs SPY
Global X Long-Term Treasury 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 | LLDR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $38M | $789.1B | |
| Dividend Yield | 4.56% | 1.01% | |
| Holdings | 95 | 505 | |
| YTD Return | -3.21% | +13.75% | |
| 1Y Return | -1.22% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 9.1% | 15.3% | |
| Max Drawdown | -12.8% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 9, 2024 | Jan 22, 1993 |
LLDR vs SPY Performance
Global X Long-Term Treasury Ladder ETF (LLDR) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LLDR returned -1.22% while SPY returned +22.91%. Year to date, LLDR is down 3.21% 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 9.1% for LLDR. 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 -12.8% for LLDR 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LLDR charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, LLDR currently yields 4.56% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, LLDR or SPY?
LLDR has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, LLDR or SPY?
Over the past year LLDR returned -1.22% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LLDR annualized -4.67% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, LLDR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.1% for LLDR. Worst drawdown: LLDR -12.8% vs SPY -56.5%.
Should I hold both LLDR and SPY?
LLDR and SPY have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, LLDR or SPY?
LLDR yields 4.56% while SPY yields 1.01%, so LLDR currently pays the higher dividend yield.
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