NDAA vs SPY
Ned Davis Research 360 Dynamic Allocation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NDAA or SPY?
Allocation/Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 66.3%.
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 | NDAA | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $186M | $804.7B |
| Dividend Yield | 2.42% | 0.98% |
| Holdings | 10 | 505 |
| YTD Return | +10.09% | +12.22%Best |
| 1Y Return | +14.75% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 9.8%Best | 12.8% |
| Max Drawdown | -13.5%Best | -18.8% |
| $10,000 over 1.9 years | $12,447 | $13,332Best |
| Top 10 Weight | 66.3% | 37.8%Best |
| Fund Family | Ned Davis Research | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Oct 16, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 17, 2024 to Sep 17, 2026 (1.9 years).
NDAA 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 1.9 years both funds cover.
NDAA vs SPY Performance
Ned Davis Research 360 Dynamic Allocation ETF (NDAA) is an ETF from Ned Davis Research and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NDAA returned +14.75% while SPY returned +16.97%. Year to date, NDAA is up 10.09% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 9.8% for NDAA. 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 -13.5% for NDAA 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NDAA charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, NDAA currently yields 2.42% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 25 holdings in NDAA and 504 in SPY, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 25 positions we hold weights for in NDAA and 504 in SPY, against full books of 10 and 505.
What only one of them owns
Measured across the 25 and 504 positions we hold weights for.
SPY holds 497 positions NDAA does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of NDAA and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NDAA or SPY?
NDAA has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, NDAA or SPY?
Over the past year NDAA returned +14.75% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NDAA annualized +12.21% vs +16.34% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NDAA or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 9.8% for NDAA. Worst drawdown: NDAA -13.5% vs SPY -18.8%.
Should I hold both NDAA and SPY?
NDAA and SPY have a monthly-return correlation of 0.91, 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.
Which pays a higher dividend, NDAA or SPY?
NDAA yields 2.42% while SPY yields 0.98%, so NDAA currently pays the higher dividend yield.
Is SPY better than NDAA?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 66.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.