OZEM vs SPY
Roundhill GLP-1 & Weight Loss ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OZEM or SPY?
Each has led over a different period.
SPY has a lower expense ratio. OZEM led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.8%.
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 | OZEM | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $65M | $814.4B |
| Dividend Yield | 1.29% | 1.01% |
| Holdings | 27 | 505 |
| YTD Return | -2.83% | +13.34%Best |
| 1Y Return | +28.91%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 19.5% | 11.7%Best |
| Max Drawdown | -28.6% | -18.8%Best |
| $10,000 over 2.3 years | $13,354 | $14,914Best |
| Top 10 Weight | 64.8% | 38.0%Best |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 21, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: May 21, 2024 to Sep 4, 2026 (2.3 years).
OZEM 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 2.3 years both funds cover.
OZEM vs SPY Performance
Roundhill GLP-1 & Weight Loss ETF (OZEM) 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 OZEM returned +28.91% while SPY returned +19.97%. Year to date, OZEM is down 2.83% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OZEM has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 11.7% 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 -28.6% for OZEM 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 0.25. They move largely independently of each other.
Fees and Cost Over Time
OZEM charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, OZEM currently yields 1.29% against 1.01% for SPY.
Holdings Overlap
25.3% of OZEM's money is in holdings SPY also owns. 2.1% of SPY's money is in holdings OZEM also owns.
OZEM and SPY share little of their money.
4 positions in common, counted across the 25 positions we hold weights for in OZEM and 504 in SPY, against full books of 27 and 505.
What only one of them owns
Our book lists 492 positions for SPY that do not appear in our book for OZEM (97.3% of the fund), and 6 for OZEM that do not appear in SPY (16.6%).
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.
25.3% of OZEM 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, OZEM or SPY?
OZEM has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, OZEM or SPY?
Over the past year OZEM returned +28.91% vs +19.97% for SPY, so OZEM leads on 1-year performance. Over the longest common window we track (2 years), OZEM annualized +13.40% vs +18.98% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OZEM or SPY?
OZEM has been the more volatile fund at 19.5% annualized versus 11.7% for SPY. Worst drawdown: OZEM -28.6% vs SPY -18.8%.
Should I hold both OZEM and SPY?
OZEM and SPY have a monthly-return correlation of 0.25, 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 OZEM and SPY?
25.3% of OZEM's money is in holdings SPY also owns. 2.1% of SPY's is in holdings OZEM also owns. They hold 4 positions in common, counted across the 25 positions we hold weights for in OZEM and 504 in SPY.
Which pays a higher dividend, OZEM or SPY?
OZEM yields 1.29% while SPY yields 1.01%, so OZEM currently pays the higher dividend yield.
Is SPY better than OZEM?
SPY has a lower expense ratio. OZEM led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.