RJMG vs SPY
FT Raymond James Multicap Growth Equity 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 | RJMG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $11M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 41 | 505 | |
| YTD Return | +1.42% | +12.68% | |
| 1Y Return | +15.82% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 12, 2024 | Jan 22, 1993 |
RJMG vs SPY Performance
FT Raymond James Multicap Growth Equity ETF (RJMG) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RJMG returned +15.82% while SPY returned +21.82%. Year to date, RJMG is up 1.42% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.8% for RJMG. 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 -25.4% for RJMG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RJMG charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, RJMG currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
RJMG and SPY share 27 holdings out of 517 unique holdings combined, representing a 14.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RJMG or SPY?
RJMG has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, RJMG or SPY?
Over the past year RJMG returned +15.82% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RJMG annualized +17.17% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, RJMG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for RJMG. Worst drawdown: RJMG -25.4% vs SPY -56.5%.
Should I hold both RJMG and SPY?
RJMG and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RJMG and SPY?
RJMG and SPY share 27 common holdings with a 14.2% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, RJMG or SPY?
RJMG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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