RCGE vs SPY
RockCreek Global Equality ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RCGE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. RCGE is less concentrated, with 6.8% of the fund in its ten largest positions against 38.2%.
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 | RCGE | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $95M | $811.2B |
| Dividend Yield | 1.64% | 0.98% |
| Holdings | 408 | 1,515 |
| YTD Return | +2.20% | +13.54%Best |
| 1Y Return | +5.68% | +16.25%Best |
| 3Y Return (annualized) | - | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 11.0%Best | 12.8% |
| Max Drawdown | -12.4%Best | -16.2% |
| $10,000 over 1.6 years | $12,038 | $13,430Best |
| Top 10 Weight | 6.8%Best | 38.2% |
| Fund Family | RockCreek | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 26, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 27, 2025 to Oct 2, 2026 (1.6 years).
RCGE 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 1.6 years both funds cover.
RCGE vs SPY Performance
RockCreek Global Equality ETF (RCGE) is an ETF from RockCreek and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RCGE returned +5.68% while SPY returned +16.25%. Year to date, RCGE is up 2.20% versus a gain of 13.54% 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 12.8% compared with 11.0% for RCGE. 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 -12.4% for RCGE and -16.2% 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 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RCGE charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, RCGE currently yields 1.64% against 0.98% for SPY.
Holdings Overlap
25.1% of RCGE's money is in holdings SPY also owns. 13.5% of SPY's money is in holdings RCGE also owns.
RCGE and SPY share little of their money.
50 positions in common, counted across the 203 positions we hold weights for in RCGE and 504 in SPY, against full books of 408 and 1,515.
What only one of them owns
Our book lists 447 positions for SPY that do not appear in our book for RCGE (85.7% of the fund), and 22 for RCGE that do not appear in SPY (11.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in RCGE | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 0.67% | 5.71% | 5.04% |
| ABBVAbbvie Inc. | 0.57% | 0.70% | 0.13% |
| MAMastercard Inc | 0.56% | 0.71% | 0.15% |
| MRKMerck & Company Inc | 0.59% | 0.54% | 0.05% |
| BACBank of America Corp.: Financials | 0.50% | 0.59% | 0.09% |
| TMOThermo Fisherscientific Inc. | 0.63% | 0.35% | 0.28% |
| PGProcter & Gamble Company | 0.45% | 0.52% | 0.07% |
| WFCWells Fargo & Co. | 0.51% | 0.41% | 0.10% |
| GSGoldman Sachs Group Inc/The | 0.43% | 0.44% | 0.01% |
| VZVerizon Communications Inc Vz | 0.53% | 0.33% | 0.20% |
25.1% of RCGE 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RCGE or SPY?
RCGE has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, RCGE or SPY?
Over the past year RCGE returned +5.68% vs +16.25% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RCGE annualized +12.29% vs +20.24% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RCGE or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 11.0% for RCGE. Worst drawdown: RCGE -12.4% vs SPY -16.2%.
Should I hold both RCGE and SPY?
RCGE and SPY have a monthly-return correlation of 0.47, 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 RCGE and SPY?
25.1% of RCGE's money is in holdings SPY also owns. 13.5% of SPY's is in holdings RCGE also owns. They hold 50 positions in common, counted across the 203 positions we hold weights for in RCGE and 504 in SPY.
Which pays a higher dividend, RCGE or SPY?
RCGE yields 1.64% while SPY yields 0.98%, so RCGE currently pays the higher dividend yield.
Is SPY better than RCGE?
SPY has a lower expense ratio. SPY led over 1Y and the full window. RCGE is less concentrated, with 6.8% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.