MFUT vs SPY
Cambria Chesapeake Pure Trend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. MFUT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MFUT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.09% | |
| AUM | $41M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 143 | 505 | |
| YTD Return | +16.82% | +13.39% | |
| 1Y Return | +31.45% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 14.6% | 15.3% | |
| Max Drawdown | -29.3% | -56.5% | |
| Fund Family | Cambria Investment Management | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 29, 2024 | Jan 22, 1993 |
MFUT vs SPY Performance
Cambria Chesapeake Pure Trend ETF (MFUT) is a ETF from Cambria Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MFUT returned +31.45% while SPY returned +22.52%. Year to date, MFUT is up 16.82% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.6% for MFUT. 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 -29.3% for MFUT and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MFUT charges 0.89% per year while SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, MFUT currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
MFUT and SPY share 42 holdings out of 524 unique holdings combined, representing a 10.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MFUT or SPY?
MFUT has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, MFUT or SPY?
Over the past year MFUT returned +31.45% vs +22.52% for SPY, so MFUT leads on 1-year performance. Over the longest common window we track (2 years), MFUT annualized -1.46% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, MFUT or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.6% for MFUT. Worst drawdown: MFUT -29.3% vs SPY -56.5%.
Should I hold both MFUT and SPY?
MFUT and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MFUT and SPY?
MFUT and SPY share 42 common holdings with a 10.6% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, MFUT or SPY?
MFUT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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