MDAA vs SPY
Myriad Dynamic Asset Allocation 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 505 holdings.
Side-by-Side Comparison
| Metric | MDAA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.09% | |
| AUM | $456M | $814.4B | |
| Dividend Yield | 0.40% | 1.01% | |
| Holdings | 68 | 505 | |
| YTD Return | +15.71% | +12.87% | |
| 1Y Return | +17.65% | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -14.6% | -56.5% | |
| Fund Family | Myriad Asset Management LP | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 3, 2025 | Jan 22, 1993 |
MDAA vs SPY Performance
Myriad Dynamic Asset Allocation ETF (MDAA) is a ETF from Myriad Asset Management LP and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MDAA returned +17.65% while SPY returned +21.13%. Year to date, MDAA is up 15.71% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -14.6% for MDAA and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MDAA charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, MDAA currently yields 0.40% against 1.01% for SPY.
Holdings Overlap
MDAA and SPY share 55 holdings out of 522 unique holdings combined, representing a 41.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MDAA or SPY?
MDAA has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, MDAA or SPY?
Over the past year MDAA returned +17.65% vs +21.13% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between MDAA and SPY?
MDAA and SPY share 55 common holdings with a 41.9% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, MDAA or SPY?
MDAA yields 0.40% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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