NSCI vs SPY
Nuveen Securitized Income 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 | NSCI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $222M | $821.1B | |
| Dividend Yield | 3.44% | 1.01% | |
| Holdings | 220 | 505 | |
| YTD Return | +3.03% | +13.47% | |
| 1Y Return | +4.72% | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.1% | -56.5% | |
| Fund Family | Nuveen | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 23, 2025 | Jan 22, 1993 |
NSCI vs SPY Performance
Nuveen Securitized Income ETF (NSCI) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NSCI returned +4.72% while SPY returned +20.57%. Year to date, NSCI is up 3.03% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.1% for NSCI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NSCI charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, NSCI currently yields 3.44% against 1.01% for SPY.
Holdings Overlap
NSCI and SPY share 0 holdings out of 534 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NSCI or SPY?
NSCI has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, NSCI or SPY?
Over the past year NSCI returned +4.72% vs +20.57% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between NSCI and SPY?
NSCI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, NSCI or SPY?
NSCI yields 3.44% while SPY yields 1.01%, so NSCI currently pays the higher dividend yield.
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