MINN vs SPY
Mairs & Power Minnesota Municipal Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MINN or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 48.1%.
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 | MINN | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $51M | $804.7B |
| Dividend Yield | 3.14% | 0.98% |
| Holdings | 127 | 505 |
| YTD Return | -6.46% | +12.09%Best |
| 1Y Return | -4.34% | +16.29%Best |
| 3Y Return (annualized) | +1.65% | +21.20%Best |
| 5Y Return (annualized) | -1.76% | +13.37%Best |
| Volatility (annualized) | 7.8%Best | 15.3% |
| Max Drawdown | -18.4%Best | -24.5% |
| $10,000 over 5 years | $9,150 | $18,728Best |
| Top 10 Weight | 48.1% | 37.8%Best |
| Fund Family | Mairs & Power | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Mar 11, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 12, 2021 to Sep 18, 2026 (5.5 years).
MINN 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 5.5 years both funds cover.
MINN vs SPY Performance
Mairs & Power Minnesota Municipal Bond ETF (MINN) is an ETF from Mairs & Power and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MINN returned -4.34% while SPY returned +16.29%. Year to date, MINN is down 6.46% versus a gain of 12.09% for SPY.
Over three years, MINN compounded at +1.65% per year against +21.20% for SPY; over five years the annualized figures are -1.76% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +14.21% annualized vs -1.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.8% for MINN. 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 -18.4% for MINN 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MINN charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, MINN currently yields 3.14% against 0.98% for SPY.
Holdings Overlap
53.6% of MINN's money is in holdings SPY also owns. 29.7% of SPY's money is in holdings MINN also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 42 positions we hold weights for in MINN and 504 in SPY, against full books of 127 and 505.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for MINN (69.6% of the fund), and 6 for MINN that do not appear in SPY (11.8%).
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.
Top Shared Holdings
| Stock | Weight in MINN | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.31% | 8.01% | 0.70% |
| MSFTMicrosoft Corp | 5.93% | 5.66% | 0.27% |
| AMZNAmazon.Com Inc | 5.37% | 3.79% | 1.58% |
| AVGOBroadcom Inc | 3.40% | 2.66% | 0.74% |
| GOOGLAlphabet Inc,class A | 2.32% | 2.99% | 0.67% |
| TTWOTake-Two Interactive Software, Inc. | 4.83% | 0.06% | 4.77% |
| METAMeta Platforms Inc | 2.75% | 1.93% | 0.82% |
| AMDAdvanced Micro Devices Inc | 2.31% | 1.14% | 1.17% |
| LITELumentum Holdings Inc | 2.43% | 0.10% | 2.33% |
| GEVGe Vernova, Inc. | 2.15% | 0.37% | 1.78% |
53.6% of MINN is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MINN or SPY?
MINN has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, MINN or SPY?
Over the past year MINN returned -4.34% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), MINN annualized -1.35% vs +14.21% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MINN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.8% for MINN. Worst drawdown: MINN -18.4% vs SPY -24.5%.
Should I hold both MINN and SPY?
MINN and SPY have a monthly-return correlation of 0.66, 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 MINN and SPY?
53.6% of MINN's money is in holdings SPY also owns. 29.7% of SPY's is in holdings MINN also owns. They hold 22 positions in common, counted across the 42 positions we hold weights for in MINN and 504 in SPY.
Which pays a higher dividend, MINN or SPY?
MINN yields 3.14% while SPY yields 0.98%, so MINN currently pays the higher dividend yield.
Is SPY better than MINN?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 48.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.