RJDI vs SPY
RJ Eagle GCM Dividend Select Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RJDI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.63% | 0.09% | |
| AUM | $119M | $821.1B | |
| Dividend Yield | 0.78% | 1.01% | |
| Holdings | 37 | 505 | |
| YTD Return | +16.45% | +12.68% | |
| 1Y Return | +19.14% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.0% | -56.5% | |
| Fund Family | Raymond James Financial, Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 2, 2025 | Jan 22, 1993 |
RJDI vs SPY Performance
RJ Eagle GCM Dividend Select Income ETF (RJDI) is a ETF from Raymond James Financial, Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RJDI returned +19.14% while SPY returned +21.82%. Year to date, RJDI is up 16.45% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.0% for RJDI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
RJDI charges 0.63% per year while SPY charges 0.09%. On a $10,000 position that is $63 vs $9 annually, a gap of $54 per year that compounds over a long holding period. On income, RJDI currently yields 0.78% against 1.01% for SPY.
Holdings Overlap
RJDI and SPY share 33 holdings out of 506 unique holdings combined, representing a 19.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RJDI or SPY?
RJDI has an expense ratio of 0.63% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, RJDI or SPY?
Over the past year RJDI returned +19.14% vs +21.82% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between RJDI and SPY?
RJDI and SPY share 33 common holdings with a 19.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, RJDI or SPY?
RJDI yields 0.78% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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