NVDW vs SPY
Roundhill NVDA WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NVDW or SPY?
Each has led over a different period.
SPY has a lower expense ratio. NVDW led over the full window, SPY over 1Y.
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 | NVDW | SPY |
|---|---|---|
| Expense Ratio | 1.00% | 0.09%Best |
| AUM | $113M | $804.7B |
| Dividend Yield | 54.59% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | -3.91% | +11.52%Best |
| 1Y Return | +1.77% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 44.9% | 13.2%Best |
| Max Drawdown | -37.2% | -18.8%Best |
| $10,000 over 1.6 years | $15,376Best | $12,659 |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 19, 2025 to Sep 10, 2026 (1.6 years).
NVDW 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 1.6 years both funds cover.
NVDW vs SPY Performance
Roundhill NVDA WeeklyPay ETF (NVDW) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NVDW returned +1.77% while SPY returned +17.48%. Year to date, NVDW is down 3.91% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDW has been the more volatile fund, with annualized monthly volatility of 44.9% compared with 13.2% 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 -37.2% for NVDW 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NVDW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, NVDW currently yields 54.59% against 0.98% for SPY.
Holdings Overlap
At least 7.7% of SPY's money is in holdings NVDW also owns.
Stated as a floor: for NVDW, our book for it covers 24.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and NVDW share little of their money.
1 positions in common, counted across the 2 positions we hold weights for in NVDW and 504 in SPY, against full books of 5 and 505.
Top Shared Holdings
| Stock | Weight in NVDW | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 19.82% | 7.71% | 12.11% |
You are not choosing between two funds in isolation.
Whichever of NVDW 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, NVDW or SPY?
NVDW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, NVDW or SPY?
Over the past year NVDW returned +1.77% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NVDW annualized +30.85% vs +15.88% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDW or SPY?
NVDW has been the more volatile fund at 44.9% annualized versus 13.2% for SPY. Worst drawdown: NVDW -37.2% vs SPY -18.8%.
Should I hold both NVDW and SPY?
NVDW and SPY have a monthly-return correlation of 0.71, 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 NVDW and SPY?
At least 7.7% of SPY's money is in holdings NVDW also owns. Our book for NVDW is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 2 positions we hold weights for in NVDW and 504 in SPY.
Which pays a higher dividend, NVDW or SPY?
NVDW yields 54.59% while SPY yields 0.98%, so NVDW currently pays the higher dividend yield.
Is SPY better than NVDW?
SPY has a lower expense ratio. NVDW led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.