MSFW vs SPY
Roundhill MSFT WeeklyPay 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 | MSFW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 49.81% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -8.45% | +13.68% | |
| 1Y Return | -21.16% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 41.8% | 15.3% | |
| Max Drawdown | -45.6% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 24, 2025 | Jan 22, 1993 |
MSFW vs SPY Performance
Roundhill MSFT WeeklyPay ETF (MSFW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MSFW returned -21.16% while SPY returned +21.53%. Year to date, MSFW is down 8.45% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
MSFW has been the more volatile fund, with annualized monthly volatility of 41.8% compared with 15.3% 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 -45.6% for MSFW 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSFW charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, MSFW currently yields 49.81% against 1.01% for SPY.
Holdings Overlap
MSFW and SPY share 1 holdings out of 504 unique holdings combined, representing a 4.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MSFW | Weight in SPY | Difference |
|---|---|---|---|
| MSFT | 32.67% | 4.43% | 28.24% |
Frequently Asked Questions
Which is cheaper, MSFW or SPY?
MSFW has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, MSFW or SPY?
Over the past year MSFW returned -21.16% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), MSFW annualized -17.10% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MSFW or SPY?
MSFW has been the more volatile fund at 41.8% annualized versus 15.3% for SPY. Worst drawdown: MSFW -45.6% vs SPY -56.5%.
Should I hold both MSFW and SPY?
MSFW and SPY have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MSFW and SPY?
MSFW and SPY share 1 common holdings with a 4.4% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, MSFW or SPY?
MSFW yields 49.81% while SPY yields 1.01%, so MSFW currently pays the higher dividend yield.
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