PTL vs SPY
Inspire 500 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
PTL has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PTL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.09% | |
| AUM | $889M | $814.4B | |
| Dividend Yield | 1.16% | 1.01% | |
| Holdings | 471 | 505 | |
| YTD Return | +12.64% | +12.60% | |
| 1Y Return | +17.81% | +20.83% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +12.56% | |
| Volatility (annualized) | 13.2% | 15.3% | |
| Max Drawdown | -19.7% | -56.5% | |
| Fund Family | Inspire ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 25, 2024 | Jan 22, 1993 |
PTL vs SPY Performance
Inspire 500 ETF (PTL) is a ETF from Inspire ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PTL returned +17.81% while SPY returned +20.83%. Year to date, PTL is up 12.64% versus a gain of 12.60% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.2% for PTL. 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 -19.7% for PTL 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PTL charges 0.09% per year while SPY charges 0.09%. On a $10,000 position that is $9 vs $9 annually, a gap of $0 per year that compounds over a long holding period. On income, PTL currently yields 1.16% against 1.01% for SPY.
Holdings Overlap
PTL and SPY share 183 holdings out of 779 unique holdings combined, representing a 18.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PTL or SPY?
PTL has an expense ratio of 0.09% while SPY charges 0.09%. PTL is the cheaper option. On a $10,000 investment, that is $0 per year of difference.
Which performed better, PTL or SPY?
Over the past year PTL returned +17.81% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), PTL annualized +16.16% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, PTL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.2% for PTL. Worst drawdown: PTL -19.7% vs SPY -56.5%.
Should I hold both PTL and SPY?
PTL and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PTL and SPY?
PTL and SPY share 183 common holdings with a 18.3% weight overlap. Combined, they hold 779 unique securities.
Which pays a higher dividend, PTL or SPY?
PTL yields 1.16% while SPY yields 1.01%, so PTL currently pays the higher dividend yield.
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