MKAM vs SPY
MKAM vs SPY
MKAM ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | MKAM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.09% | |
| AUM | $13M | $789.1B | |
| Dividend Yield | 2.68% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +6.89% | +13.79% | |
| 1Y Return | +12.40% | +23.66% | |
| 3Y Return (annualized) | +10.08% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 5.7% | 15.3% | |
| Max Drawdown | -5.0% | -56.5% | |
| Fund Family | MKAM ETF, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 12, 2023 | Jan 22, 1993 |
MKAM vs SPY Performance
MKAM ETF (MKAM) is a ETF from MKAM ETF, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MKAM returned +12.40% while SPY returned +23.66%. Year to date, MKAM is up 6.89% versus a gain of 13.79% for SPY.
Over three years, MKAM compounded at +10.08% per year against +21.40% for SPY. Across the full 3-year window we track, MKAM has the edge at +10.84% annualized vs +8.85%. 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 5.7% for MKAM. 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 -5.0% for MKAM 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MKAM charges 0.53% per year while SPY charges 0.09%. On a $10,000 position that is $53 vs $9 annually, a gap of $44 per year that compounds over a long holding period. On income, MKAM currently yields 2.68% against 1.01% for SPY.
Holdings Overlap
MKAM and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MKAM or SPY?
MKAM has an expense ratio of 0.53% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, MKAM or SPY?
Over the past year MKAM returned +12.40% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), MKAM annualized +10.84% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MKAM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.7% for MKAM. Worst drawdown: MKAM -5.0% vs SPY -56.5%.
Should I hold both MKAM and SPY?
MKAM and SPY have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MKAM and SPY?
MKAM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, MKAM or SPY?
MKAM yields 2.68% while SPY yields 1.01%, so MKAM currently pays the higher dividend yield.
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