PPTY vs SPY
US Diversified Real Estate ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PPTY or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PPTY is less concentrated, with 36.6% of the fund in its ten largest positions against 38.0%.
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 | PPTY | SPY |
|---|---|---|
| Expense Ratio | 0.53% | 0.09%Best |
| AUM | $25M | $814.4B |
| Dividend Yield | 2.47% | 1.01% |
| Holdings | 88 | 505 |
| YTD Return | +11.91% | +13.34%Best |
| 1Y Return | +9.74% | +19.97%Best |
| 3Y Return (annualized) | +8.56% | +21.20%Best |
| 5Y Return (annualized) | +1.60% | +12.81%Best |
| Volatility (annualized) | 18.6% | 16.4%Best |
| Max Drawdown | -41.7% | -34.1%Best |
| $10,000 over 5 years | $10,826 | $18,270Best |
| Top 10 Weight | 36.6%Best | 38.0% |
| Fund Family | Vident Financial | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Mar 26, 2018 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 27, 2018 to Sep 4, 2026 (8.4 years).
PPTY 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 8.4 years both funds cover.
PPTY vs SPY Performance
US Diversified Real Estate ETF (PPTY) is an ETF from Vident Financial and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PPTY returned +9.74% while SPY returned +19.97%. Year to date, PPTY is up 11.91% versus a gain of 13.34% for SPY.
Over three years, PPTY compounded at +8.56% per year against +21.20% for SPY; over five years the annualized figures are +1.60% and +12.81% respectively. Across the full 8-year window we track, SPY has the edge at +14.70% annualized vs +5.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PPTY has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 16.4% 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 -41.7% for PPTY 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PPTY charges 0.53% per year while SPY charges 0.09%. On a $10,000 position that is $53 vs $9 annually, a gap of $44 per year that compounds over a long holding period. On income, PPTY currently yields 2.47% against 1.01% for SPY.
Holdings Overlap
50.0% of PPTY's money is in holdings SPY also owns. 1.6% of SPY's money is in holdings PPTY also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 84 positions we hold weights for in PPTY and 504 in SPY, against full books of 88 and 505.
What only one of them owns
Measured across the 84 and 504 positions we hold weights for.
SPY holds 472 positions PPTY does not, 97.9% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in PPTY | Weight in SPY | Difference |
|---|---|---|---|
| EQREquity Residential (eqr) | 6.74% | 0.03% | 6.71% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.34% | 0.16% | 4.18% |
| PLDPrologis Inc | 4.00% | 0.19% | 3.81% |
| DLRDigital Realty Trust Inc. | 3.63% | 0.10% | 3.53% |
| WELLWelltower, Inc. | 3.08% | 0.25% | 2.83% |
| SPGSimon Property Group Inc | 2.66% | 0.11% | 2.55% |
| BXPBoston Properties Inc | 2.23% | 0.02% | 2.21% |
| MARMarriott International, Inc. | 2.12% | 0.11% | 2.01% |
| UDRUdr Inc. | 2.09% | 0.02% | 2.07% |
| ESSEssex Property | 2.07% | 0.03% | 2.04% |
50.0% of PPTY 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.
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Frequently Asked Questions
Which is cheaper, PPTY or SPY?
PPTY has an expense ratio of 0.53% while SPY charges 0.09%. SPY is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, PPTY or SPY?
Over the past year PPTY returned +9.74% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), PPTY annualized +5.78% vs +14.70% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PPTY or SPY?
PPTY has been the more volatile fund at 18.6% annualized versus 16.4% for SPY. Worst drawdown: PPTY -41.7% vs SPY -34.1%.
Should I hold both PPTY and SPY?
PPTY and SPY have a monthly-return correlation of 0.81, 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 PPTY and SPY?
50.0% of PPTY's money is in holdings SPY also owns. 1.6% of SPY's is in holdings PPTY also owns. They hold 24 positions in common, counted across the 84 positions we hold weights for in PPTY and 504 in SPY.
Which pays a higher dividend, PPTY or SPY?
PPTY yields 2.47% while SPY yields 1.01%, so PPTY currently pays the higher dividend yield.
Is SPY better than PPTY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PPTY is less concentrated, with 36.6% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.