PAWZ vs SPY
Proshares Pet Care ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PAWZ or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 71.5%.
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 | PAWZ | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $34M | $804.7B |
| Dividend Yield | 0.69% | 0.98% |
| Holdings | 27 | 505 |
| YTD Return | -10.68% | +12.47%Best |
| 1Y Return | -13.89% | +17.51%Best |
| 3Y Return (annualized) | +1.52% | +21.18%Best |
| 5Y Return (annualized) | -9.12% | +12.88%Best |
| Volatility (annualized) | 21.8% | 16.8%Best |
| Max Drawdown | -50.1% | -34.1%Best |
| $10,000 over 5 years | $6,199 | $18,327Best |
| Top 10 Weight | 71.5% | 38.0%Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Nov 5, 2018 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2018 to Sep 11, 2026 (7.8 years).
PAWZ 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 7.8 years both funds cover.
PAWZ vs SPY Performance
Proshares Pet Care ETF (PAWZ) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PAWZ returned -13.89% while SPY returned +17.51%. Year to date, PAWZ is down 10.68% versus a gain of 12.47% for SPY.
Over three years, PAWZ compounded at +1.52% per year against +21.18% for SPY; over five years the annualized figures are -9.12% and +12.88% respectively. Across the full 8-year window we track, SPY has the edge at +14.99% annualized vs +2.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAWZ has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 16.8% 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 -50.1% for PAWZ 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAWZ charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, PAWZ currently yields 0.69% against 0.98% for SPY.
Holdings Overlap
30.5% of PAWZ's money is in holdings SPY also owns. 0.9% of SPY's money is in holdings PAWZ also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 27 positions we hold weights for in PAWZ and 504 in SPY, against full books of 27 and 505.
What only one of them owns
Our book lists 486 positions for SPY that do not appear in our book for PAWZ (98.6% of the fund), and 9 for PAWZ that do not appear in SPY (36.6%).
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.
Top Shared Holdings
| Stock | Weight in PAWZ | Weight in SPY | Difference |
|---|---|---|---|
| IDXXIdexx Laboratories Inc. | 9.70% | 0.07% | 9.63% |
| ZTSZoetis, Inc. | 9.20% | 0.05% | 9.15% |
| MRKMerck & Co. Inc. | 4.37% | 0.47% | 3.90% |
| CLColgate-Palmolive Co | 2.91% | 0.11% | 2.80% |
| CORCencora, Inc. | 2.40% | 0.09% | 2.31% |
| GISGeneral Mills Inc. | 0.75% | 0.03% | 0.72% |
| TSCOTractor Supply Co. | 0.68% | 0.03% | 0.65% |
| SJMJm Smucker Co. | 0.49% | 0.02% | 0.47% |
30.5% of PAWZ 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, PAWZ or SPY?
PAWZ has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, PAWZ or SPY?
Over the past year PAWZ returned -13.89% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), PAWZ annualized +2.90% vs +14.99% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAWZ or SPY?
PAWZ has been the more volatile fund at 21.8% annualized versus 16.8% for SPY. Worst drawdown: PAWZ -50.1% vs SPY -34.1%.
Should I hold both PAWZ and SPY?
PAWZ and SPY have a monthly-return correlation of 0.74, 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 PAWZ and SPY?
30.5% of PAWZ's money is in holdings SPY also owns. 0.9% of SPY's is in holdings PAWZ also owns. They hold 8 positions in common, counted across the 27 positions we hold weights for in PAWZ and 504 in SPY.
Which pays a higher dividend, PAWZ or SPY?
PAWZ yields 0.69% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PAWZ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 71.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.