LRND vs SPY
NYLIM US Large Cap R&D Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LRND or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. LRND led over the full window, SPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 69.7%.
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 | LRND | SPY |
|---|---|---|
| Expense Ratio | 0.14% | 0.09%Best |
| AUM | $431M | $797.9B |
| Dividend Yield | 0.33% | 1.00% |
| Holdings | 333 | 504 |
| YTD Return | +8.53% | +11.28%Best |
| 1Y Return | +10.00% | +13.46%Best |
| 3Y Return (annualized) | +19.72% | +20.37%Best |
| 5Y Return (annualized) | - | +11.54% |
| Volatility (annualized) | 18.1% | 15.4%Best |
| Max Drawdown | -25.4% | -22.1%Best |
| $10,000 over 4.8 years | $18,520Best | $17,911 |
| Top 10 Weight | 69.7% | 37.1%Best |
| Fund Family | New York Life Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Feb 8, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Feb 8, 2022 to Nov 13, 2026 (4.8 years).
LRND 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 4.8 years both funds cover.
LRND vs SPY Performance
NYLIM US Large Cap R&D Leaders ETF (LRND) is an ETF from New York Life Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LRND returned +10.00% while SPY returned +13.46%. Year to date, LRND is up 8.53% versus a gain of 11.28% for SPY.
Over three years, LRND compounded at +19.72% per year against +20.37% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LRND has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 15.4% 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 -25.4% for LRND and -22.1% 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
LRND charges 0.14% per year while SPY charges 0.09%. On a $10,000 position that is $14 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, LRND currently yields 0.33% against 1.00% for SPY.
Holdings Overlap
90.7% of LRND's money is in holdings SPY also owns. 41.4% of SPY's money is in holdings LRND also owns.
Most of LRND is already inside SPY. Owning both mostly buys the same companies twice.
57 positions in common, counted across the 109 positions we hold weights for in LRND and 502 in SPY, against full books of 333 and 504.
What only one of them owns
Our book lists 443 positions for SPY that do not appear in our book for LRND (58.3% of the fund), and 50 for LRND that do not appear in SPY (9.0%).
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 LRND | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 16.36% | 7.52% | 8.84% |
| AAPLApple, Inc | 10.31% | 7.60% | 2.71% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 8.07% | 5.79% | 2.28% |
| GOOGLAlphabet Inc | 10.92% | 2.52% | 8.40% |
| AMZNAmazon.Com Inc | 4.56% | 3.71% | 0.85% |
| LLYEli Lilly & Co. | 5.21% | 1.74% | 3.47% |
| AVGOBroadcom Inc | 4.38% | 2.36% | 2.02% |
| METAMeta Platform Inc | 4.09% | 2.06% | 2.03% |
| AMDAdvanced Micro Devices Inc. | 3.81% | 1.17% | 2.64% |
| PLTRPalantir Technologies Inc | 1.96% | 0.63% | 1.33% |
90.7% of LRND 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, LRND or SPY?
LRND has an expense ratio of 0.14% while SPY charges 0.09%. SPY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, LRND or SPY?
Over the past year LRND returned +10.00% vs +13.46% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRND or SPY?
LRND has been the more volatile fund at 18.1% annualized versus 15.4% for SPY. Worst drawdown: LRND -25.4% vs SPY -22.1%.
Should I hold both LRND and SPY?
LRND 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 LRND and SPY?
90.7% of LRND's money is in holdings SPY also owns. 41.4% of SPY's is in holdings LRND also owns. They hold 57 positions in common, counted across the 109 positions we hold weights for in LRND and 502 in SPY.
Which pays a higher dividend, LRND or SPY?
LRND yields 0.33% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than LRND?
SPY has a lower expense ratio. LRND led over the full window, SPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 69.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.