PPTY vs SPY
US Diversified Real Estate 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 | PPTY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.09% | |
| AUM | $25M | $821.1B | |
| Dividend Yield | 2.47% | 1.01% | |
| Holdings | 88 | 505 | |
| YTD Return | +14.55% | +14.24% | |
| 1Y Return | +17.13% | +21.71% | |
| 3Y Return (annualized) | +9.39% | +22.10% | |
| 5Y Return (annualized) | +2.48% | +13.21% | |
| Volatility (annualized) | 18.6% | 15.3% | |
| Max Drawdown | -41.7% | -56.5% | |
| Fund Family | Vident Financial | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2018 | Jan 22, 1993 |
PPTY vs SPY Performance
US Diversified Real Estate ETF (PPTY) is a ETF from Vident Financial and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PPTY returned +17.13% while SPY returned +21.71%. Year to date, PPTY is up 14.55% versus a gain of 14.24% for SPY.
Over three years, PPTY compounded at +9.39% per year against +22.10% for SPY; over five years the annualized figures are +2.48% and +13.21% respectively. Across the full 8-year window we track, SPY has the edge at +8.86% annualized vs +6.11%. 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 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
PPTY and SPY share 25 holdings out of 564 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PPTY or SPY?
Over the past year PPTY returned +17.13% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), PPTY annualized +6.11% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, PPTY or SPY?
PPTY has been the more volatile fund at 18.6% annualized versus 15.3% for SPY. Worst drawdown: PPTY -41.7% vs SPY -56.5%.
Should I hold both PPTY and SPY?
PPTY and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PPTY and SPY?
PPTY and SPY share 25 common holdings with a 1.6% weight overlap. Combined, they hold 564 unique securities.
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.
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