MEGI vs SPY
NYLI CBRE Global Infrastructure Megatrends Term Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, MEGI or SPY?
All Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | MEGI | SPY |
|---|---|---|
| Expense Ratio | 1.87% | 0.09%Best |
| AUM | $842M | $814.4B |
| Dividend Yield | 8.98% | 1.01% |
| Holdings | 64 | 505 |
| YTD Return | +12.44% | +13.34%Best |
| 1Y Return | +13.75% | +19.97%Best |
| 3Y Return (annualized) | +16.09% | +21.20%Best |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 22.8% | 15.6%Best |
| Max Drawdown | -39.5% | -24.5%Best |
| $10,000 over 4.9 years | $11,719 | $18,201Best |
| Fund Family | New York Life Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | Oct 27, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Oct 27, 2021 to Sep 4, 2026 (4.9 years).
MEGI 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 4.9 years both funds cover.
MEGI vs SPY Performance
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) 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 MEGI returned +13.75% while SPY returned +19.97%. Year to date, MEGI is up 12.44% versus a gain of 13.34% for SPY.
Over three years, MEGI compounded at +16.09% per year against +21.20% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEGI has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 15.6% 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 -39.5% for MEGI and -24.5% 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
MEGI charges 1.87% per year while SPY charges 0.09%. On a $10,000 position that is $187 vs $9 annually, a gap of $178 per year that compounds over a long holding period. On income, MEGI currently yields 8.98% against 1.01% for SPY.
Holdings Overlap
At least 1.4% of SPY's money is in holdings MEGI also owns.
Only one direction is shown: for MEGI, our book for it lists positions totalling 125.1% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
SPY and MEGI share little of their money.
The two holdings books were reported 65 days apart, MEGI as of May 31, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
18 positions in common, counted across the 67 positions we hold weights for in MEGI and 503 in SPY, against full books of 64 and 505.
Top Shared Holdings
| Stock | Weight in MEGI | Weight in SPY | Difference |
|---|---|---|---|
| XELXcel Energy Inc. | 5.61% | 0.07% | 5.54% |
| PPLPpl Corp. | 4.85% | 0.04% | 4.81% |
| PEGPublic Service Enterprise Group Incorporated | 4.26% | 0.06% | 4.20% |
| CCICrown Castle International Corp | 3.94% | 0.05% | 3.89% |
| CEGConstellation Energy Corp | 3.54% | 0.13% | 3.41% |
| AMTAmerican Tower Corp | 3.34% | 0.12% | 3.22% |
| PCGPacific Gas & Electric | 3.23% | 0.06% | 3.17% |
| OKEOneok Inc. | 3.10% | 0.08% | 3.02% |
| SOSouthern Co. | 2.85% | 0.16% | 2.69% |
| DDominion Energy Inc. | 2.83% | 0.09% | 2.74% |
You are not choosing between two funds in isolation.
Whichever of MEGI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MEGI or SPY?
MEGI has an expense ratio of 1.87% while SPY charges 0.09%. SPY is the cheaper option, by $178 a year on a $10,000 investment.
Which performed better, MEGI or SPY?
Over the past year MEGI returned +13.75% vs +19.97% 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, MEGI or SPY?
MEGI has been the more volatile fund at 22.8% annualized versus 15.6% for SPY. Worst drawdown: MEGI -39.5% vs SPY -24.5%.
Should I hold both MEGI and SPY?
MEGI 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 MEGI and SPY?
At least 1.4% of SPY's money is in holdings MEGI also owns. Our book for MEGI is partial, so the real figure is this or higher. They hold 18 positions in common, counted across the 67 positions we hold weights for in MEGI and 503 in SPY.
Which pays a higher dividend, MEGI or SPY?
MEGI yields 8.98% while SPY yields 1.01%, so MEGI currently pays the higher dividend yield.
Is SPY better than MEGI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.