LRGC vs SPY
AB US Large Cap Strategic Equities 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 | LRGC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $1.3B | $789.1B | |
| Dividend Yield | 0.54% | 1.01% | |
| Holdings | 74 | 505 | |
| YTD Return | +12.68% | +14.47% | |
| 1Y Return | +17.80% | +21.96% | |
| 3Y Return (annualized) | +22.31% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 12.8% | 15.3% | |
| Max Drawdown | -19.4% | -56.5% | |
| Fund Family | AllianceBernstein L.P. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2023 | Jan 22, 1993 |
LRGC vs SPY Performance
AB US Large Cap Strategic Equities ETF (LRGC) is a ETF from AllianceBernstein L.P. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LRGC returned +17.80% while SPY returned +21.96%. Year to date, LRGC is up 12.68% versus a gain of 14.47% for SPY.
Over three years, LRGC compounded at +22.31% per year against +21.70% for SPY. Across the full 3-year window we track, LRGC has the edge at +22.31% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for LRGC. 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 -19.4% for LRGC 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LRGC charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, LRGC currently yields 0.54% against 1.01% for SPY.
Holdings Overlap
LRGC and SPY share 61 holdings out of 513 unique holdings combined, representing a 45.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LRGC or SPY?
LRGC has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, LRGC or SPY?
Over the past year LRGC returned +17.80% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), LRGC annualized +22.31% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, LRGC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for LRGC. Worst drawdown: LRGC -19.4% vs SPY -56.5%.
Should I hold both LRGC and SPY?
LRGC and SPY have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between LRGC and SPY?
LRGC and SPY share 61 common holdings with a 45.4% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, LRGC or SPY?
LRGC yields 0.54% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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