RCS vs SPY
PIMCO Strategic Income Fund Inc. vs State Street SPDR S&P 500 ETF Trust
Which is better, RCS or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y 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 | RCS | SPY |
|---|---|---|
| Expense Ratio | 0.98% | 0.09%Best |
| AUM | $218M | $814.4B |
| Dividend Yield | 10.53% | 1.01% |
| Holdings | 503 | 505 |
| YTD Return | -5.89% | +13.34%Best |
| 1Y Return | -22.30% | +19.97%Best |
| 3Y Return (annualized) | +6.48% | +21.20%Best |
| 5Y Return (annualized) | +1.75% | +12.81%Best |
| Volatility (annualized) | 17.5% | 15.2%Best |
| Max Drawdown | -60.9% | -56.5%Best |
| $10,000 over 5 years | $10,906 | $18,270Best |
| Fund Family | PIMCO (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Feb 24, 1994 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 4, 1996 to Sep 4, 2026 (30.7 years).
RCS 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
RCS vs SPY Performance
PIMCO Strategic Income Fund Inc. (RCS) is an ETF from PIMCO (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RCS returned -22.30% while SPY returned +19.97%. Year to date, RCS is down 5.89% versus a gain of 13.34% for SPY.
Over three years, RCS compounded at +6.48% per year against +21.20% for SPY; over five years the annualized figures are +1.75% and +12.81% respectively. Across the full 31-year window we track, SPY has the edge at +8.84% annualized vs -0.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RCS has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.2% 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 -60.9% for RCS and -56.5% 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 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RCS charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, RCS currently yields 10.53% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 19 holdings in RCS and 504 in SPY, totalling 7.2% and 100.0% of the two funds. That is not enough of RCS to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 308 days apart, RCS as of Sep 30, 2025 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 19 positions we hold weights for in RCS and 504 in SPY, against full books of 503 and 505.
Top Shared Holdings
| Stock | Weight in RCS | Weight in SPY | Difference |
|---|---|---|---|
| VICIVici Properties Inc | 0.50% | 0.04% | 0.46% |
You are not choosing between two funds in isolation.
Whichever of RCS 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, RCS or SPY?
RCS has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, RCS or SPY?
Over the past year RCS returned -22.30% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (31 years), RCS annualized -0.49% vs +8.84% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RCS or SPY?
RCS has been the more volatile fund at 17.5% annualized versus 15.2% for SPY. Worst drawdown: RCS -60.9% vs SPY -56.5%.
Should I hold both RCS and SPY?
RCS and SPY have a monthly-return correlation of 0.38, 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, RCS or SPY?
RCS yields 10.53% while SPY yields 1.01%, so RCS currently pays the higher dividend yield.
Is SPY better than RCS?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.