RDFI vs SPY
Rareview Dynamic Fixed Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RDFI or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 45.1%.
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 | RDFI | SPY |
|---|---|---|
| Expense Ratio | 4.23% | 0.09%Best |
| AUM | $87M | $804.7B |
| Dividend Yield | 8.32% | 0.98% |
| Holdings | 40 | 505 |
| YTD Return | -6.92% | +12.09%Best |
| 1Y Return | -7.01% | +16.29%Best |
| 3Y Return (annualized) | +7.31% | +21.20%Best |
| 5Y Return (annualized) | +0.74% | +13.37%Best |
| Volatility (annualized) | 10.9%Best | 15.4% |
| Max Drawdown | -23.7%Best | -24.5% |
| $10,000 over 5 years | $10,376 | $18,728Best |
| Top 10 Weight | 45.1% | 37.8%Best |
| Fund Family | Rareview Capital | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Oct 21, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 21, 2020 to Sep 18, 2026 (5.9 years).
RDFI 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 5.9 years both funds cover.
RDFI vs SPY Performance
Rareview Dynamic Fixed Income ETF (RDFI) is an ETF from Rareview Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RDFI returned -7.01% while SPY returned +16.29%. Year to date, RDFI is down 6.92% versus a gain of 12.09% for SPY.
Over three years, RDFI compounded at +7.31% per year against +21.20% for SPY; over five years the annualized figures are +0.74% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +15.92% annualized vs +4.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 10.9% for RDFI. 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 -23.7% for RDFI and -24.5% 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RDFI charges 4.23% per year while SPY charges 0.09%. On a $10,000 position that is $423 vs $9 annually, a gap of $414 per year that compounds over a long holding period. On income, RDFI currently yields 8.32% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 37 holdings in RDFI and 504 in SPY, totalling 96.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 37 positions we hold weights for in RDFI and 504 in SPY, against full books of 40 and 505.
What only one of them owns
Measured across the 37 and 504 positions we hold weights for.
SPY holds 497 positions RDFI does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of RDFI 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, RDFI or SPY?
RDFI has an expense ratio of 4.23% while SPY charges 0.09%. SPY is the cheaper option, by $414 a year on a $10,000 investment.
Which performed better, RDFI or SPY?
Over the past year RDFI returned -7.01% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), RDFI annualized +4.22% vs +15.92% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RDFI or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 10.9% for RDFI. Worst drawdown: RDFI -23.7% vs SPY -24.5%.
Should I hold both RDFI and SPY?
RDFI and SPY have a monthly-return correlation of 0.72, 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, RDFI or SPY?
RDFI yields 8.32% while SPY yields 0.98%, so RDFI currently pays the higher dividend yield.
Is SPY better than RDFI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 45.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.