QTPI vs SPY
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QTPI or SPY?
Long Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | QTPI | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $79M | $804.7B |
| Dividend Yield | 4.68% | 0.98% |
| Holdings | 59 | 505 |
| YTD Return | +1.03% | +12.47%Best |
| 1Y Return | +2.54% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 2.5%Best | 12.6% |
| Max Drawdown | -4.1%Best | -18.8% |
| $10,000 over 1.7 years | $10,891 | $13,248Best |
| Fund Family | North Square Investments, LLC | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term Bond | Large Cap Blend |
| Inception | Dec 18, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 19, 2024 to Sep 11, 2026 (1.7 years).
QTPI 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 1.7 years both funds cover.
QTPI vs SPY Performance
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is an ETF from North Square Investments, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QTPI returned +2.54% while SPY returned +17.51%. Year to date, QTPI is up 1.03% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 2.5% for QTPI. 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 -4.1% for QTPI and -18.8% 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QTPI charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, QTPI currently yields 4.68% against 0.98% for SPY.
Holdings Overlap
At least 0.4% of SPY's money is in holdings QTPI also owns.
Stated as a floor: for QTPI, our book for it covers 90.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 54 positions we hold weights for in QTPI and 504 in SPY, against full books of 59 and 505.
You are not choosing between two funds in isolation.
Whichever of QTPI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QTPI or SPY?
QTPI has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, QTPI or SPY?
Over the past year QTPI returned +2.54% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QTPI annualized +5.15% vs +17.99% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QTPI or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 2.5% for QTPI. Worst drawdown: QTPI -4.1% vs SPY -18.8%.
Should I hold both QTPI and SPY?
QTPI and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QTPI or SPY?
QTPI yields 4.68% while SPY yields 0.98%, so QTPI currently pays the higher dividend yield.
Is SPY better than QTPI?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.