MGMT vs SPY
Ballast Small/Mid Cap ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MGMT or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. MGMT is less concentrated, with 30.1% of the fund in its ten largest positions against 38.0%.
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 | MGMT | SPY |
|---|---|---|
| Expense Ratio | 1.10% | 0.09%Best |
| AUM | $174M | $814.4B |
| Dividend Yield | 0.30% | 1.01% |
| Holdings | 57 | 505 |
| YTD Return | +14.42%Best | +12.71% |
| 1Y Return | +15.69% | +19.36%Best |
| 3Y Return (annualized) | +14.61% | +21.09%Best |
| 5Y Return (annualized) | +7.68% | +12.69%Best |
| Volatility (annualized) | 18.0% | 15.0%Best |
| Max Drawdown | -24.9% | -24.5%Best |
| $10,000 over 5 years | $14,477 | $18,173Best |
| Top 10 Weight | 30.1%Best | 38.0% |
| Fund Family | Ballast Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Dec 2, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2020 to Sep 8, 2026 (5.8 years).
MGMT 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 5.8 years both funds cover.
MGMT vs SPY Performance
Ballast Small/Mid Cap ETF (MGMT) is an ETF from Ballast Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MGMT returned +15.69% while SPY returned +19.36%. Year to date, MGMT is up 14.42% versus a gain of 12.71% for SPY.
Over three years, MGMT compounded at +14.61% per year against +21.09% for SPY; over five years the annualized figures are +7.68% and +12.69% respectively. Across the full 6-year window we track, SPY has the edge at +15.11% annualized vs +13.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGMT has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 15.0% 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 -24.9% for MGMT 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MGMT charges 1.10% per year while SPY charges 0.09%. On a $10,000 position that is $110 vs $9 annually, a gap of $101 per year that compounds over a long holding period. On income, MGMT currently yields 0.30% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 54 holdings in MGMT and 503 in SPY, totalling 99.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 54 positions we hold weights for in MGMT and 503 in SPY, against full books of 57 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for MGMT (99.4% of the fund), and 49 for MGMT that do not appear in SPY (90.6%).
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.
You are not choosing between two funds in isolation.
Whichever of MGMT 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, MGMT or SPY?
MGMT has an expense ratio of 1.10% while SPY charges 0.09%. SPY is the cheaper option, by $101 a year on a $10,000 investment.
Which performed better, MGMT or SPY?
Over the past year MGMT returned +15.69% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), MGMT annualized +13.49% vs +15.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGMT or SPY?
MGMT has been the more volatile fund at 18.0% annualized versus 15.0% for SPY. Worst drawdown: MGMT -24.9% vs SPY -24.5%.
Should I hold both MGMT and SPY?
MGMT and SPY have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MGMT or SPY?
MGMT yields 0.30% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than MGMT?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. MGMT is less concentrated, with 30.1% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.