MTRA vs SPY
Invesco International Growth Focus 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 | MTRA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.09% | |
| AUM | $138M | $789.1B | |
| Dividend Yield | 0.54% | 1.01% | |
| Holdings | 68 | 505 | |
| YTD Return | +2.57% | +13.39% | |
| 1Y Return | +10.76% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 13.5% | 15.3% | |
| Max Drawdown | -15.8% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 11, 2025 | Jan 22, 1993 |
MTRA vs SPY Performance
Invesco International Growth Focus ETF (MTRA) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MTRA returned +10.76% while SPY returned +22.52%. Year to date, MTRA is up 2.57% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.5% for MTRA. 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 -15.8% for MTRA 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MTRA charges 0.54% per year while SPY charges 0.09%. On a $10,000 position that is $54 vs $9 annually, a gap of $45 per year that compounds over a long holding period. On income, MTRA currently yields 0.54% against 1.01% for SPY.
Holdings Overlap
MTRA and SPY share 1 holdings out of 560 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MTRA | Weight in SPY | Difference |
|---|---|---|---|
| BKNG | 1.28% | 0.22% | 1.06% |
Frequently Asked Questions
Which is cheaper, MTRA or SPY?
MTRA has an expense ratio of 0.54% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, MTRA or SPY?
Over the past year MTRA returned +10.76% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), MTRA annualized +7.22% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, MTRA or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.5% for MTRA. Worst drawdown: MTRA -15.8% vs SPY -56.5%.
Should I hold both MTRA and SPY?
MTRA and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MTRA and SPY?
MTRA and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, MTRA or SPY?
MTRA yields 0.54% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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