LRGE vs SPY
ClearBridge Large Cap Growth ESG ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LRGE or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. LRGE led over the full window, SPY over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 60.2%.
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 | LRGE | SPY |
|---|---|---|
| Expense Ratio | 0.48% | 0.09%Best |
| AUM | $377M | $804.7B |
| Dividend Yield | 0.12% | 0.98% |
| Holdings | 32 | 505 |
| YTD Return | +7.35% | +12.47%Best |
| 1Y Return | +9.13% | +17.51%Best |
| 3Y Return (annualized) | +17.55% | +21.18%Best |
| 5Y Return (annualized) | +9.30% | +12.88%Best |
| Volatility (annualized) | 18.0% | 15.9%Best |
| Max Drawdown | -37.0% | -34.1%Best |
| $10,000 over 5 years | $15,599 | $18,327Best |
| Top 10 Weight | 60.2% | 38.0%Best |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | May 22, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: May 25, 2017 to Sep 11, 2026 (9.3 years).
LRGE 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 9.3 years both funds cover.
LRGE vs SPY Performance
ClearBridge Large Cap Growth ESG ETF (LRGE) is an ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LRGE returned +9.13% while SPY returned +17.51%. Year to date, LRGE is up 7.35% versus a gain of 12.47% for SPY.
Over three years, LRGE compounded at +17.55% per year against +21.18% for SPY; over five years the annualized figures are +9.30% and +12.88% respectively. Across the full 9-year window we track, LRGE has the edge at +15.16% annualized vs +14.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LRGE has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 15.9% 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 -37.0% for LRGE 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LRGE charges 0.48% per year while SPY charges 0.09%. On a $10,000 position that is $48 vs $9 annually, a gap of $39 per year that compounds over a long holding period. On income, LRGE currently yields 0.12% against 0.98% for SPY.
Holdings Overlap
90.1% of LRGE's money is in holdings SPY also owns. 31.6% of SPY's money is in holdings LRGE also owns.
Most of LRGE is already inside SPY. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 30 positions we hold weights for in LRGE and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 469 positions for SPY that do not appear in our book for LRGE (67.9% of the fund), and 2 for LRGE that do not appear in SPY (2.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in LRGE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 16.17% | 7.71% | 8.46% |
| AAPLApple, Inc | 6.89% | 6.83% | 0.06% |
| AMZNAmazon.Com Inc | 5.47% | 4.08% | 1.39% |
| GOOGLAlphabet A Usd 0.001 | 4.83% | 3.33% | 1.50% |
| METAMeta Platforms, Inc. | 5.95% | 1.94% | 4.01% |
| PANWPalo Alto Networks Inc. | 5.98% | 0.45% | 5.53% |
| VVisa Inc | 4.63% | 0.92% | 3.71% |
| TSLATesla Inc | 3.60% | 1.38% | 2.22% |
| MUMicron Technology, Inc. | 3.26% | 1.51% | 1.75% |
| ANETArista Networks Inc Common Stock | 3.17% | 0.30% | 2.87% |
90.1% of LRGE 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, LRGE or SPY?
LRGE has an expense ratio of 0.48% while SPY charges 0.09%. SPY is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, LRGE or SPY?
Over the past year LRGE returned +9.13% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), LRGE annualized +15.16% vs +14.08% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRGE or SPY?
LRGE has been the more volatile fund at 18.0% annualized versus 15.9% for SPY. Worst drawdown: LRGE -37.0% vs SPY -34.1%.
Should I hold both LRGE and SPY?
LRGE and SPY have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LRGE and SPY?
90.1% of LRGE's money is in holdings SPY also owns. 31.6% of SPY's is in holdings LRGE also owns. They hold 25 positions in common, counted across the 30 positions we hold weights for in LRGE and 504 in SPY.
Which pays a higher dividend, LRGE or SPY?
LRGE yields 0.12% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than LRGE?
SPY has a lower expense ratio. LRGE led over the full window, SPY over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 60.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.