NITE vs SPY
The Nightview Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NITE or SPY?
Each has led over a different period.
SPY has a lower expense ratio. NITE led over the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.3%.
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 | NITE | SPY |
|---|---|---|
| Expense Ratio | 1.25% | 0.09%Best |
| AUM | $33M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 22 | 505 |
| YTD Return | +7.95% | +12.19%Best |
| 1Y Return | +17.66% | +18.53%Best |
| 3Y Return (annualized) | - | +20.88% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 20.4% | 11.9%Best |
| Max Drawdown | -29.6% | -18.8%Best |
| $10,000 over 2.2 years | $15,967Best | $14,358 |
| Top 10 Weight | 63.3% | 38.0%Best |
| Fund Family | Nightview Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 21, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 24, 2024 to Sep 9, 2026 (2.2 years).
NITE 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 2.2 years both funds cover.
NITE vs SPY Performance
The Nightview Fund ETF (NITE) is an ETF from Nightview Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NITE returned +17.66% while SPY returned +18.53%. Year to date, NITE is up 7.95% versus a gain of 12.19% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NITE has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 11.9% 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 -29.6% for NITE 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NITE charges 1.25% per year while SPY charges 0.09%. On a $10,000 position that is $125 vs $9 annually, a gap of $116 per year that compounds over a long holding period. On income, NITE currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
85.2% of NITE's money is in holdings SPY also owns. 17.3% of SPY's money is in holdings NITE also owns.
Most of NITE is already inside SPY. Owning both mostly buys the same companies twice.
17 positions in common, counted across the 20 positions we hold weights for in NITE and 504 in SPY, against full books of 22 and 505.
What only one of them owns
Our book lists 478 positions for SPY that do not appear in our book for NITE (82.2% of the fund), and 2 for NITE that do not appear in SPY (14.5%).
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 NITE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.06% | 7.71% | 1.35% |
| AMZNAmazon.Com Inc | 8.19% | 4.08% | 4.11% |
| TSLATesla Motors Inc | 10.35% | 1.38% | 8.97% |
| AMDAdvanced Micro Devices Inc | 4.21% | 1.27% | 2.94% |
| NFLXNetflix,inc | 4.25% | 0.47% | 3.78% |
| GSGoldman Sachs Group Inc/The | 4.16% | 0.47% | 3.69% |
| MSMorgan Stanley | 4.17% | 0.39% | 3.78% |
| SCHWSchwab Strategic T | 4.24% | 0.26% | 3.98% |
| BLKBlackrock Funding Inc/De | 4.21% | 0.25% | 3.96% |
| AXONAxon Enterprise Inc | 4.30% | 0.07% | 4.23% |
85.2% of NITE 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, NITE or SPY?
NITE has an expense ratio of 1.25% while SPY charges 0.09%. SPY is the cheaper option, by $116 a year on a $10,000 investment.
Which performed better, NITE or SPY?
Over the past year NITE returned +17.66% vs +18.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NITE annualized +23.70% vs +17.87% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NITE or SPY?
NITE has been the more volatile fund at 20.4% annualized versus 11.9% for SPY. Worst drawdown: NITE -29.6% vs SPY -18.8%.
Should I hold both NITE and SPY?
NITE and SPY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NITE and SPY?
85.2% of NITE's money is in holdings SPY also owns. 17.3% of SPY's is in holdings NITE also owns. They hold 17 positions in common, counted across the 20 positions we hold weights for in NITE and 504 in SPY.
Which pays a higher dividend, NITE or SPY?
NITE yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than NITE?
SPY has a lower expense ratio. NITE led over the full window, SPY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.