MJSC vs SPY
MUFG Japan Small Cap Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MJSC or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. MJSC led over 1Y and the full window. MJSC is less concentrated, with 19.1% of the fund in its ten largest positions against 38.2%.
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 | MJSC | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $23M | $811.2B |
| Dividend Yield | 0.53% | 0.98% |
| Holdings | 97 | 1,515 |
| YTD Return | +24.73%Best | +13.54% |
| 1Y Return | +29.76%Best | +16.25% |
| 3Y Return (annualized) | - | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 20.8% | 12.6%Best |
| Max Drawdown | -12.6% | -8.9%Best |
| $10,000 over 1 years | $12,503Best | $11,757 |
| Top 10 Weight | 19.1%Best | 38.2% |
| Fund Family | Mitsubishi UFJ Trust | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Sep 16, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 17, 2025 to Oct 2, 2026 (1 years).
MJSC 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 years both funds cover.
MJSC vs SPY Performance
MUFG Japan Small Cap Active ETF (MJSC) is an ETF from Mitsubishi UFJ Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MJSC returned +29.76% while SPY returned +16.25%. Year to date, MJSC is up 24.73% versus a gain of 13.54% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MJSC has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 12.6% 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 -12.6% for MJSC 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 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MJSC charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, MJSC currently yields 0.53% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 97 holdings in MJSC and 504 in SPY, totalling 99.8% and 99.8% 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 97 positions we hold weights for in MJSC and 504 in SPY, against full books of 97 and 1,515.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for MJSC (99.2% of the fund), and 0 for MJSC that do not appear in SPY (0.0%).
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 MJSC 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, MJSC or SPY?
MJSC has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, MJSC or SPY?
Over the past year MJSC returned +29.76% vs +16.25% for SPY, so MJSC leads on 1-year performance. Over the longest common window we track (1 years), MJSC annualized +25.03% vs +17.57% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MJSC or SPY?
MJSC has been the more volatile fund at 20.8% annualized versus 12.6% for SPY. Worst drawdown: MJSC -12.6% vs SPY -8.9%.
Should I hold both MJSC and SPY?
MJSC and SPY have a monthly-return correlation of 0.56, 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, MJSC or SPY?
MJSC yields 0.53% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than MJSC?
SPY has a lower expense ratio. MJSC led over 1Y and the full window. MJSC is less concentrated, with 19.1% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.