NANC vs SPY
Subversive Congressional Democrats Trading ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NANC or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. NANC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NANC | SPY |
|---|---|---|
| Expense Ratio | 0.72% | 0.09%Best |
| AUM | $296M | $811.2B |
| Dividend Yield | 0.18% | 0.98% |
| Holdings | 181 | 1,515 |
| YTD Return | +16.09%Best | +13.54% |
| 1Y Return | +17.51%Best | +16.25% |
| 3Y Return (annualized) | +26.34%Best | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 14.4% | 12.2%Best |
| Max Drawdown | -20.9% | -18.8%Best |
| $10,000 over 3.6 years | $20,587Best | $19,260 |
| Top 10 Weight | 46.8% | 38.2%Best |
| Fund Family | Subversive Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 7, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 7, 2023 to Oct 2, 2026 (3.6 years).
NANC vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
NANC vs SPY Performance
Subversive Congressional Democrats Trading ETF (NANC) is an ETF from Subversive Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NANC returned +17.51% while SPY returned +16.25%. Year to date, NANC is up 16.09% versus a gain of 13.54% for SPY.
Over three years, NANC compounded at +26.34% per year against +23.72% for SPY. Across the full 4-year window we track, NANC has the edge at +22.21% annualized vs +19.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NANC has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 12.2% 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 -20.9% for NANC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 0.18% against 0.98% for SPY.
Holdings Overlap
88.9% of NANC's money is in holdings SPY also owns. 57.0% of SPY's money is in holdings NANC also owns.
Most of NANC is already inside SPY. Owning both mostly buys the same companies twice.
69 positions in common, counted across the 89 positions we hold weights for in NANC and 504 in SPY, against full books of 181 and 1,515.
What only one of them owns
Our book lists 428 positions for SPY that do not appear in our book for NANC (42.2% of the fund), and 17 for NANC that do not appear in SPY (9.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NANC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.19% | 7.78% | 0.41% |
| MSFTMicrosoft Corp | 6.71% | 5.71% | 1.00% |
| AAPLApple, Inc | 4.54% | 7.45% | 2.91% |
| AMZNAmazon.Com Inc | 4.89% | 3.78% | 1.11% |
| GOOGAlphabet Inc. C | 6.04% | 2.49% | 3.55% |
| CRWDCrowdstrike Holdings Inc | 4.15% | 0.36% | 3.79% |
| METAMeta Platforms Inc | 2.22% | 2.22% | 0.00% |
| AMATApplied Materials, Inc. | 3.70% | 0.51% | 3.19% |
| MUMicron Technology, Inc. | 2.31% | 1.59% | 0.72% |
| LLYEli Lilly & Co. | 2.48% | 1.37% | 1.11% |
88.9% of NANC is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $63 a year on a $10,000 investment.
Which performed better, NANC or SPY?
Over the past year NANC returned +17.51% vs +16.25% for SPY, so NANC leads on 1-year performance. Over the longest common window we track (4 years), NANC annualized +22.21% vs +19.97% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NANC or SPY?
NANC has been the more volatile fund at 14.4% annualized versus 12.2% for SPY. Worst drawdown: NANC -20.9% vs SPY -18.8%.
Should I hold both NANC and SPY?
NANC and SPY have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NANC and SPY?
88.9% of NANC's money is in holdings SPY also owns. 57.0% of SPY's is in holdings NANC also owns. They hold 69 positions in common, counted across the 89 positions we hold weights for in NANC and 504 in SPY.
Which pays a higher dividend, NANC or SPY?
NANC yields 0.18% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than NANC?
SPY has a lower expense ratio. NANC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.96. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 46.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.