NODE vs SPY
VanEck Onchain Economy 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 | NODE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.67% | 0.09% | |
| AUM | $58M | $821.1B | |
| Dividend Yield | 0.86% | 1.01% | |
| Holdings | 64 | 505 | |
| YTD Return | +3.23% | +14.24% | |
| 1Y Return | +11.84% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 44.6% | 15.3% | |
| Max Drawdown | -36.0% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 13, 2025 | Jan 22, 1993 |
NODE vs SPY Performance
VanEck Onchain Economy ETF (NODE) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NODE returned +11.84% while SPY returned +21.71%. Year to date, NODE is up 3.23% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
NODE has been the more volatile fund, with annualized monthly volatility of 44.6% compared with 15.3% 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 -36.0% for NODE 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NODE charges 0.67% per year while SPY charges 0.09%. On a $10,000 position that is $67 vs $9 annually, a gap of $58 per year that compounds over a long holding period. On income, NODE currently yields 0.86% against 1.01% for SPY.
Holdings Overlap
NODE and SPY share 8 holdings out of 544 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NODE or SPY?
NODE has an expense ratio of 0.67% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, NODE or SPY?
Over the past year NODE returned +11.84% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), NODE annualized +33.15% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, NODE or SPY?
NODE has been the more volatile fund at 44.6% annualized versus 15.3% for SPY. Worst drawdown: NODE -36.0% vs SPY -56.5%.
Should I hold both NODE and SPY?
NODE and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NODE and SPY?
NODE and SPY share 8 common holdings with a 1.8% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, NODE or SPY?
NODE yields 0.86% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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