LRGG vs SPY
Nomura Focused Large Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LRGG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 70.2%.
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 | LRGG | SPY |
|---|---|---|
| Expense Ratio | 0.44% | 0.09%Best |
| AUM | $293M | $804.7B |
| Dividend Yield | 0.15% | 0.98% |
| Holdings | 21 | 505 |
| YTD Return | +1.21% | +12.09%Best |
| 1Y Return | +0.10% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 12.6% | 11.8%Best |
| Max Drawdown | -18.9% | -18.8%Best |
| $10,000 over 2.3 years | $11,706 | $14,659Best |
| Top 10 Weight | 70.2% | 37.8%Best |
| Fund Family | Nomura Asset Management Co Ltd | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | May 14, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: May 15, 2024 to Sep 18, 2026 (2.3 years).
LRGG 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 2.3 years both funds cover.
LRGG vs SPY Performance
Nomura Focused Large Growth ETF (LRGG) is an ETF from Nomura Asset Management Co Ltd and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LRGG returned +0.10% while SPY returned +16.29%. Year to date, LRGG is up 1.21% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LRGG has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 11.8% 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 -18.9% for LRGG and -18.8% 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LRGG charges 0.44% per year while SPY charges 0.09%. On a $10,000 position that is $44 vs $9 annually, a gap of $35 per year that compounds over a long holding period. On income, LRGG currently yields 0.15% against 0.98% for SPY.
Holdings Overlap
89.4% of LRGG's money is in holdings SPY also owns. 30.4% of SPY's money is in holdings LRGG also owns.
Most of LRGG is already inside SPY. Owning both mostly buys the same companies twice.
17 positions in common, counted across the 21 positions we hold weights for in LRGG and 504 in SPY, against full books of 21 and 505.
What only one of them owns
Our book lists 480 positions for SPY that do not appear in our book for LRGG (69.0% of the fund), and 1 for LRGG that do not appear in SPY (0.4%).
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 LRGG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.50% | 8.01% | 8.49% |
| MSFTMicrosoft Corp | 8.80% | 5.66% | 3.14% |
| AAPLApple, Inc | 6.82% | 7.26% | 0.44% |
| GOOGAlphabet Inc | 10.72% | 2.39% | 8.33% |
| AMZNAmazon.Com Inc | 3.61% | 3.79% | 0.18% |
| VVisa Inc Class A | 4.82% | 0.94% | 3.88% |
| GEGeneral Electric Co. | 4.24% | 0.53% | 3.71% |
| ISRGIntuitive Surgical Inc. | 4.31% | 0.20% | 4.11% |
| ICEInternational Exchange, Inc. | 4.24% | 0.14% | 4.10% |
| MSIMotorola Solutions, Inc | 4.24% | 0.12% | 4.12% |
89.4% of LRGG 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, LRGG or SPY?
LRGG has an expense ratio of 0.44% while SPY charges 0.09%. SPY is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, LRGG or SPY?
Over the past year LRGG returned +0.10% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LRGG annualized +7.09% vs +18.09% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRGG or SPY?
LRGG has been the more volatile fund at 12.6% annualized versus 11.8% for SPY. Worst drawdown: LRGG -18.9% vs SPY -18.8%.
Should I hold both LRGG and SPY?
LRGG and SPY have a monthly-return correlation of 0.83, 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 LRGG and SPY?
89.4% of LRGG's money is in holdings SPY also owns. 30.4% of SPY's is in holdings LRGG also owns. They hold 17 positions in common, counted across the 21 positions we hold weights for in LRGG and 504 in SPY.
Which pays a higher dividend, LRGG or SPY?
LRGG yields 0.15% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than LRGG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 70.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.