LOTI vs SPY
Liberty One Tactical Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LOTI or SPY?
Tactical Allocation against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.0%.
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 | LOTI | SPY |
|---|---|---|
| Expense Ratio | 1.01% | 0.09%Best |
| AUM | $48M | $804.7B |
| Dividend Yield | 1.95% | 0.98% |
| Holdings | 35 | 505 |
| YTD Return | +3.78% | +13.82%Best |
| 1Y Return | +3.92% | +16.96%Best |
| 3Y Return (annualized) | - | +22.97% |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 6.3%Best | 13.1% |
| Top 10 Weight | 52.0% | 37.8%Best |
| Fund Family | Liberty One Investment Management, LLC | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Tactical Allocation | Large Cap Blend |
| Inception | Sep 30, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
LOTI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
LOTI vs SPY Performance
Liberty One Tactical Income ETF (LOTI) is an ETF from Liberty One Investment Management, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LOTI returned +3.92% while SPY returned +16.96%. Year to date, LOTI is up 3.78% versus a gain of 13.82% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 6.3% for LOTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LOTI charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, LOTI currently yields 1.95% against 0.98% for SPY.
Holdings Overlap
51.6% of LOTI's money is in holdings SPY also owns. 17.7% of SPY's money is in holdings LOTI also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 34 positions we hold weights for in LOTI and 504 in SPY, against full books of 35 and 505.
What only one of them owns
Measured across the 34 and 504 positions we hold weights for.
SPY holds 473 positions LOTI does not, 81.7% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, AMZN 3.79%, GOOGL 2.99%, META 1.93%
Top Shared Holdings
| Stock | Weight in LOTI | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 1.90% | 5.66% | 3.76% |
| AVGOBroadcom Inc | 2.16% | 2.66% | 0.50% |
| LLYEli Lilly & Co. | 3.11% | 1.40% | 1.71% |
| GOOGAlphabet Inc | 2.02% | 2.39% | 0.37% |
| JNJJohnson & Johnson - Common | 2.95% | 0.99% | 1.96% |
| CAHCardinal Health Inc. | 3.10% | 0.09% | 3.01% |
| KOCoca Cola Co. | 2.57% | 0.52% | 2.05% |
| VVisa Inc Class A | 2.03% | 0.94% | 1.09% |
| GILDGilead Sciences | 2.58% | 0.28% | 2.30% |
| UNHUnitedhealth Group Incorporated | 2.30% | 0.55% | 1.75% |
51.6% of LOTI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LOTI or SPY?
LOTI has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, LOTI or SPY?
Over the past year LOTI returned +3.92% vs +16.96% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LOTI or SPY?
SPY has been the more volatile fund at 13.1% annualized versus 6.3% for LOTI.
Should I hold both LOTI and SPY?
LOTI and SPY have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LOTI and SPY?
51.6% of LOTI's money is in holdings SPY also owns. 17.7% of SPY's is in holdings LOTI also owns. They hold 24 positions in common, counted across the 34 positions we hold weights for in LOTI and 504 in SPY.
Which pays a higher dividend, LOTI or SPY?
LOTI yields 1.95% while SPY yields 0.98%, so LOTI currently pays the higher dividend yield.
Is SPY better than LOTI?
SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.