LQ vs SPY
Simplify Tax Aware Alternatives ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 0.21% | 1.01% | |
| Holdings | 15 | 505 | |
| YTD Return | -1.80% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -6.6% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 4, 2026 | Jan 22, 1993 |
LQ vs SPY Performance
Simplify Tax Aware Alternatives ETF (LQ) is a ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, LQ is down 1.80% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -6.6% for LQ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
LQ 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, LQ currently yields 0.21% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, LQ or SPY?
LQ has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which pays a higher dividend, LQ or SPY?
LQ yields 0.21% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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