NANC vs SPY
Subversive Congressional Democrats Trading 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 | NANC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.72% | 0.09% | |
| AUM | $293M | $821.1B | |
| Dividend Yield | 0.19% | 1.01% | |
| Holdings | 106 | 505 | |
| YTD Return | +14.84% | +14.24% | |
| 1Y Return | +20.50% | +21.71% | |
| 3Y Return (annualized) | +23.95% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -20.9% | -56.5% | |
| Fund Family | Subversive Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 7, 2023 | Jan 22, 1993 |
NANC vs SPY Performance
Subversive Congressional Democrats Trading ETF (NANC) is a ETF from Subversive Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NANC returned +20.50% while SPY returned +21.71%. Year to date, NANC is up 14.84% versus a gain of 14.24% for SPY.
Over three years, NANC compounded at +23.95% per year against +22.10% for SPY. Across the full 4-year window we track, NANC has the edge at +22.76% annualized vs +8.86%. 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 14.8% for NANC. 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 -20.9% for NANC 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NANC charges 0.72% per year while SPY charges 0.09%. On a $10,000 position that is $72 vs $9 annually, a gap of $63 per year that compounds over a long holding period. On income, NANC currently yields 0.19% against 1.01% for SPY.
Holdings Overlap
NANC and SPY share 86 holdings out of 523 unique holdings combined, representing a 49.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NANC or SPY?
NANC has an expense ratio of 0.72% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, NANC or SPY?
Over the past year NANC returned +20.50% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), NANC annualized +22.76% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, NANC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for NANC. Worst drawdown: NANC -20.9% vs SPY -56.5%.
Should I hold both NANC and SPY?
NANC and SPY have a monthly-return correlation of 0.97, 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 NANC and SPY?
NANC and SPY share 86 common holdings with a 49.4% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, NANC or SPY?
NANC yields 0.19% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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