RGEF vs SPY
Rockefeller Global Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RGEF or SPY?
RGEF has been ahead.
SPY has a lower expense ratio. RGEF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. RGEF is less concentrated, with 35.1% of the fund in its ten largest positions against 38.0%.
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 | RGEF | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $817M | $804.7B |
| Dividend Yield | 0.95% | 0.98% |
| Holdings | 71 | 505 |
| YTD Return | +12.87%Best | +11.52% |
| 1Y Return | +20.75%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 11.7%Best | 12.9% |
| Max Drawdown | -16.0%Best | -18.8% |
| $10,000 over 1.9 years | $14,122Best | $13,382 |
| Top 10 Weight | 35.1%Best | 38.0% |
| Fund Family | Rockefeller Capital Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 25, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 28, 2024 to Sep 10, 2026 (1.9 years).
RGEF 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 1.9 years both funds cover.
RGEF vs SPY Performance
Rockefeller Global Equity ETF (RGEF) is an ETF from Rockefeller Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RGEF returned +20.75% while SPY returned +17.48%. Year to date, RGEF is up 12.87% versus a gain of 11.52% 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 12.9% compared with 11.7% for RGEF. 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 -16.0% for RGEF 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RGEF charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, RGEF currently yields 0.95% against 0.98% for SPY.
Holdings Overlap
54.0% of RGEF's money is in holdings SPY also owns. 41.4% of SPY's money is in holdings RGEF also owns.
The two portfolios partly overlap.
29 positions in common, counted across the 66 positions we hold weights for in RGEF and 504 in SPY, against full books of 71 and 505.
What only one of them owns
Our book lists 465 positions for SPY that do not appear in our book for RGEF (58.1% of the fund), and 5 for RGEF that do not appear in SPY (8.1%).
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 RGEF | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.92% | 7.71% | 3.79% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.53% | 5.50% | 0.97% |
| AAPLApple, Inc | 2.14% | 6.83% | 4.69% |
| GOOGLAlphabet A Usd 0.001 | 5.46% | 3.33% | 2.13% |
| AMZNAmazon.Com Inc | 3.47% | 4.08% | 0.61% |
| AMDAdvanced Micro Devices Inc. | 3.84% | 1.27% | 2.57% |
| METAMeta Platforms, Inc. | 2.62% | 1.94% | 0.68% |
| AVGOBroadcom Inc | 1.36% | 2.97% | 1.61% |
| JPMJpmorgan Chase & Co. | 1.87% | 1.44% | 0.43% |
| AMATApplied Materials, Inc. | 2.49% | 0.65% | 1.84% |
54.0% of RGEF 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.
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Frequently Asked Questions
Which is cheaper, RGEF or SPY?
RGEF has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, RGEF or SPY?
Over the past year RGEF returned +20.75% vs +17.48% for SPY, so RGEF leads on 1-year performance. Over the longest common window we track (2 years), RGEF annualized +19.92% vs +16.57% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RGEF or SPY?
SPY has been the more volatile fund at 12.9% annualized versus 11.7% for RGEF. Worst drawdown: RGEF -16.0% vs SPY -18.8%.
Should I hold both RGEF and SPY?
RGEF and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between RGEF and SPY?
54.0% of RGEF's money is in holdings SPY also owns. 41.4% of SPY's is in holdings RGEF also owns. They hold 29 positions in common, counted across the 66 positions we hold weights for in RGEF and 504 in SPY.
Which pays a higher dividend, RGEF or SPY?
RGEF yields 0.95% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than RGEF?
SPY has a lower expense ratio. RGEF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. RGEF is less concentrated, with 35.1% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.