MNZL vs SPY
Manzil Russell Halal USA Broad Market ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MNZL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $26M | $821.1B | |
| Dividend Yield | 0.03% | 1.01% | |
| Holdings | 490 | 505 | |
| YTD Return | +17.05% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -9.7% | -56.5% | |
| Fund Family | Manzil Investment Advisors, LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 18, 2025 | Jan 22, 1993 |
MNZL vs SPY Performance
Manzil Russell Halal USA Broad Market ETF (MNZL) is a ETF from Manzil Investment Advisors, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, MNZL is up 17.05% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.7% for MNZL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MNZL charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, MNZL currently yields 0.03% against 1.01% for SPY.
Holdings Overlap
MNZL and SPY share 239 holdings out of 752 unique holdings combined, representing a 40.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MNZL or SPY?
MNZL has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between MNZL and SPY?
MNZL and SPY share 239 common holdings with a 40.2% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, MNZL or SPY?
MNZL yields 0.03% while SPY yields 1.01%, so SPY 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.