LRGG vs SPY
Nomura Focused Large Growth 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 | LRGG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $289M | $789.1B | |
| Dividend Yield | 0.17% | 1.01% | |
| Holdings | 23 | 505 | |
| YTD Return | +2.02% | +14.47% | |
| 1Y Return | +0.30% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 12.8% | 15.3% | |
| Max Drawdown | -18.9% | -56.5% | |
| Fund Family | Nomura Asset Management Co Ltd | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 14, 2024 | Jan 22, 1993 |
LRGG vs SPY Performance
Nomura Focused Large Growth ETF (LRGG) is a ETF from Nomura Asset Management Co Ltd and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LRGG returned +0.30% while SPY returned +21.96%. Year to date, LRGG is up 2.02% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for LRGG. 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 -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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LRGG charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, LRGG currently yields 0.17% against 1.01% for SPY.
Holdings Overlap
LRGG and SPY share 16 holdings out of 507 unique holdings combined, representing a 28.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LRGG or SPY?
LRGG has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, LRGG or SPY?
Over the past year LRGG returned +0.30% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LRGG annualized +7.80% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, LRGG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for LRGG. Worst drawdown: LRGG -18.9% vs SPY -56.5%.
Should I hold both LRGG and SPY?
LRGG and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LRGG and SPY?
LRGG and SPY share 16 common holdings with a 28.3% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, LRGG or SPY?
LRGG yields 0.17% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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