MLDR vs SPY
Global X Intermediate-Term Treasury Ladder 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 505 holdings.
Side-by-Side Comparison
| Metric | MLDR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $9M | $821.1B | |
| Dividend Yield | 3.83% | 1.01% | |
| Holdings | 65 | 505 | |
| YTD Return | -0.70% | +12.22% | |
| 1Y Return | +1.29% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 3.8% | 15.3% | |
| Max Drawdown | -4.5% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 9, 2024 | Jan 22, 1993 |
MLDR vs SPY Performance
Global X Intermediate-Term Treasury Ladder ETF (MLDR) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MLDR returned +1.29% while SPY returned +20.83%. Year to date, MLDR is down 0.70% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.8% for MLDR. 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 -4.5% for MLDR 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MLDR charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, MLDR currently yields 3.83% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, MLDR or SPY?
MLDR has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, MLDR or SPY?
Over the past year MLDR returned +1.29% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MLDR annualized +1.19% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, MLDR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.8% for MLDR. Worst drawdown: MLDR -4.5% vs SPY -56.5%.
Should I hold both MLDR and SPY?
MLDR and SPY have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, MLDR or SPY?
MLDR yields 3.83% while SPY yields 1.01%, so MLDR currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.