OCIO vs SPY
Clearshares Ocio Etf vs State Street SPDR S&P 500 ETF Trust
Which is better, OCIO or SPY?
Allocation/Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.6%.
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 | OCIO | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $171M | $804.7B |
| Dividend Yield | 9.63% | 0.98% |
| Holdings | 72 | 505 |
| YTD Return | +9.09% | +12.47%Best |
| 1Y Return | +13.20% | +17.51%Best |
| 3Y Return (annualized) | +13.32% | +21.18%Best |
| 5Y Return (annualized) | +6.98% | +12.88%Best |
| Volatility (annualized) | 10.1%Best | 15.9% |
| Max Drawdown | -24.2%Best | -34.1% |
| $10,000 over 5 years | $14,012 | $18,327Best |
| Top 10 Weight | 49.6% | 38.0%Best |
| Fund Family | ClearShares ETFs | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Jun 26, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 27, 2017 to Sep 11, 2026 (9.2 years).
OCIO 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 9.2 years both funds cover.
OCIO vs SPY Performance
Clearshares Ocio Etf (OCIO) is an ETF from ClearShares ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OCIO returned +13.20% while SPY returned +17.51%. Year to date, OCIO is up 9.09% versus a gain of 12.47% for SPY.
Over three years, OCIO compounded at +13.32% per year against +21.18% for SPY; over five years the annualized figures are +6.98% and +12.88% respectively. Across the full 9-year window we track, SPY has the edge at +14.25% annualized vs +6.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 10.1% for OCIO. 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 -24.2% for OCIO and -34.1% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OCIO 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, OCIO currently yields 9.63% against 0.98% for SPY.
Holdings Overlap
2.1% of OCIO's money is in holdings SPY also owns. 40.6% of SPY's money is in holdings OCIO also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 55 positions we hold weights for in OCIO and 504 in SPY, against full books of 72 and 505.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for OCIO (58.9% of the fund), and 36 for OCIO that do not appear in SPY (98.0%).
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 OCIO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.39% | 7.71% | 7.32% |
| AAPLApple, Inc | 0.43% | 6.83% | 6.40% |
| AMZNAmazon.Com Inc | 0.21% | 4.08% | 3.87% |
| GOOGLAlphabet A Usd 0.001 | 0.16% | 3.33% | 3.17% |
| AVGOBroadcom Inc | 0.16% | 2.97% | 2.81% |
| GOOGAlphabet Inc | 0.13% | 2.67% | 2.54% |
| JPMJpmorgan Chase & Co. | 0.12% | 1.44% | 1.32% |
| MUMicron Technology, Inc. | 0.05% | 1.51% | 1.46% |
| BRK.BBerkshire Hathaway B | 0.08% | 1.42% | 1.34% |
| LLYEli Lilly & Co. | 0.07% | 1.33% | 1.26% |
40.6% of SPY is already inside OCIO.
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, OCIO or SPY?
OCIO 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, OCIO or SPY?
Over the past year OCIO returned +13.20% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), OCIO annualized +6.94% vs +14.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OCIO or SPY?
SPY has been the more volatile fund at 15.9% annualized versus 10.1% for OCIO. Worst drawdown: OCIO -24.2% vs SPY -34.1%.
Should I hold both OCIO and SPY?
OCIO and SPY have a monthly-return correlation of 0.97, 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.
What is the holdings overlap between OCIO and SPY?
40.6% of SPY's money is in holdings OCIO also owns. 40.6% of SPY's is in holdings OCIO also owns. They hold 19 positions in common, counted across the 55 positions we hold weights for in OCIO and 504 in SPY.
Which pays a higher dividend, OCIO or SPY?
OCIO yields 9.63% while SPY yields 0.98%, so OCIO currently pays the higher dividend yield.
Is SPY better than OCIO?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.