LRNZ vs SPY
TrueShares Technology, AI & Deep Learning ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LRNZ or SPY?
Each has led over a different period.
SPY has a lower expense ratio. LRNZ led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%.
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 | LRNZ | SPY |
|---|---|---|
| Expense Ratio | 0.68% | 0.09%Best |
| AUM | $40M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 26 | 505 |
| YTD Return | +30.19%Best | +11.52% |
| 1Y Return | +36.24%Best | +17.48% |
| 3Y Return (annualized) | +24.10%Best | +20.62% |
| 5Y Return (annualized) | +4.57% | +12.73%Best |
| Volatility (annualized) | 33.4% | 15.9%Best |
| Max Drawdown | -61.3% | -28.7%Best |
| $10,000 over 5 years | $12,504 | $18,205Best |
| Top 10 Weight | 53.1% | 38.0%Best |
| Fund Family | TrueShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 28, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 2, 2020 to Sep 10, 2026 (6.5 years).
LRNZ 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 6.5 years both funds cover.
LRNZ vs SPY Performance
TrueShares Technology, AI & Deep Learning ETF (LRNZ) is an ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LRNZ returned +36.24% while SPY returned +17.48%. Year to date, LRNZ is up 30.19% versus a gain of 11.52% for SPY.
Over three years, LRNZ compounded at +24.10% per year against +20.62% for SPY; over five years the annualized figures are +4.57% and +12.73% respectively. Across the full 7-year window we track, SPY has the edge at +16.05% annualized vs +14.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LRNZ has been the more volatile fund, with annualized monthly volatility of 33.4% 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 -61.3% for LRNZ and -28.7% 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LRNZ charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, LRNZ currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
47.6% of LRNZ's money is in holdings SPY also owns. 19.7% of SPY's money is in holdings LRNZ also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 26 positions we hold weights for in LRNZ and 504 in SPY, against full books of 26 and 505.
What only one of them owns
Our book lists 481 positions for SPY that do not appear in our book for LRNZ (79.8% of the fund), and 11 for LRNZ that do not appear in SPY (45.0%).
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 LRNZ | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.02% | 7.71% | 3.69% |
| AVGOBroadcom Inc | 4.31% | 2.97% | 1.34% |
| CRWDCrowdstrike Holdings Inc. Class A | 6.01% | 0.32% | 5.69% |
| GOOGAlphabet Inc | 3.57% | 2.67% | 0.90% |
| PANWPalo Alto Networks Inc. | 5.12% | 0.45% | 4.67% |
| MUMicron Technology, Inc. | 3.48% | 1.51% | 1.97% |
| AMDAdvanced Micro Devices Inc. | 3.55% | 1.27% | 2.28% |
| DDOGDatadog Inc. Class A | 4.20% | 0.14% | 4.06% |
| MPWRMonolithic Power Systems Inc | 3.71% | 0.10% | 3.61% |
| ADIAnalog Devices, Inc. | 3.02% | 0.28% | 2.74% |
47.6% of LRNZ 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, LRNZ or SPY?
LRNZ has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, LRNZ or SPY?
Over the past year LRNZ returned +36.24% vs +17.48% for SPY, so LRNZ leads on 1-year performance. Over the longest common window we track (7 years), LRNZ annualized +14.49% vs +16.05% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LRNZ or SPY?
LRNZ has been the more volatile fund at 33.4% annualized versus 15.9% for SPY. Worst drawdown: LRNZ -61.3% vs SPY -28.7%.
Should I hold both LRNZ and SPY?
LRNZ and SPY have a monthly-return correlation of 0.63, 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 LRNZ and SPY?
47.6% of LRNZ's money is in holdings SPY also owns. 19.7% of SPY's is in holdings LRNZ also owns. They hold 13 positions in common, counted across the 26 positions we hold weights for in LRNZ and 504 in SPY.
Which pays a higher dividend, LRNZ or SPY?
LRNZ yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than LRNZ?
SPY has a lower expense ratio. LRNZ led over 1Y and 3Y, SPY over 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.