METW vs SPY
Roundhill META WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, METW or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y 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 | METW | SPY |
|---|---|---|
| Expense Ratio | 1.00% | 0.09%Best |
| AUM | $24M | $804.7B |
| Dividend Yield | 57.93% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | -4.47% | +13.51%Best |
| 1Y Return | -20.62% | +18.19%Best |
| 3Y Return (annualized) | - | +23.29% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 42.7% | 11.8%Best |
| Max Drawdown | -47.1% | -8.9%Best |
| $10,000 over 1.3 years | $8,691 | $13,175Best |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 18, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 18, 2025 to Sep 25, 2026 (1.3 years).
METW 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 1.3 years both funds cover.
METW vs SPY Performance
Roundhill META WeeklyPay ETF (METW) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year METW returned -20.62% while SPY returned +18.19%. Year to date, METW is down 4.47% versus a gain of 13.51% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METW has been the more volatile fund, with annualized monthly volatility of 42.7% compared with 11.8% 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 -47.1% for METW and -8.9% 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 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
METW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, METW currently yields 57.93% against 0.98% for SPY.
Holdings Overlap
At least 1.9% of SPY's money is in holdings METW also owns.
Stated as a floor: for METW, our book for it covers 25.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and METW share little of their money.
1 positions in common, counted across the 2 positions we hold weights for in METW and 504 in SPY, against full books of 5 and 505.
Top Shared Holdings
| Stock | Weight in METW | Weight in SPY | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 20.04% | 1.93% | 18.11% |
You are not choosing between two funds in isolation.
Whichever of METW 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, METW or SPY?
METW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, METW or SPY?
Over the past year METW returned -20.62% vs +18.19% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), METW annualized -10.23% vs +23.63% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METW or SPY?
METW has been the more volatile fund at 42.7% annualized versus 11.8% for SPY. Worst drawdown: METW -47.1% vs SPY -8.9%.
Should I hold both METW and SPY?
METW and SPY have a monthly-return correlation of 0.30, 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 METW and SPY?
At least 1.9% of SPY's money is in holdings METW also owns. Our book for METW is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 2 positions we hold weights for in METW and 504 in SPY.
Which pays a higher dividend, METW or SPY?
METW yields 57.93% while SPY yields 0.98%, so METW currently pays the higher dividend yield.
Is SPY better than METW?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.