PCR vs SPY
Simplify VettaFi Private Credit Strategy 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 | PCR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.09% | |
| AUM | $3M | $821.1B | |
| Dividend Yield | 10.24% | 1.01% | |
| Holdings | 270 | 505 | |
| YTD Return | -6.91% | +14.24% | |
| 1Y Return | -12.46% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -20.1% | -56.5% | |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 22, 2025 | Jan 22, 1993 |
PCR vs SPY Performance
Simplify VettaFi Private Credit Strategy ETF (PCR) is a ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PCR returned -12.46% while SPY returned +21.71%. Year to date, PCR is down 6.91% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -20.1% for PCR 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
PCR charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, PCR currently yields 10.24% against 1.01% for SPY.
Holdings Overlap
PCR and SPY share 117 holdings out of 639 unique holdings combined, representing a 14.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PCR or SPY?
PCR has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, PCR or SPY?
Over the past year PCR returned -12.46% vs +21.71% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between PCR and SPY?
PCR and SPY share 117 common holdings with a 14.5% weight overlap. Combined, they hold 639 unique securities.
Which pays a higher dividend, PCR or SPY?
PCR yields 10.24% while SPY yields 1.01%, so PCR currently pays the higher dividend yield.
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