RJMI vs SPY
RJ Eagle Municipal 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 | RJMI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.09% | |
| AUM | $38M | $821.1B | |
| Dividend Yield | 2.60% | 1.01% | |
| Holdings | 118 | 505 | |
| YTD Return | +0.01% | +12.68% | |
| 1Y Return | +2.90% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.0% | -56.5% | |
| Fund Family | Raymond James Financial, Inc. | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 2, 2025 | Jan 22, 1993 |
RJMI vs SPY Performance
RJ Eagle Municipal Income ETF (RJMI) 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 RJMI returned +2.90% while SPY returned +21.82%. Year to date, RJMI is up 0.01% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.0% for RJMI 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
RJMI charges 0.41% per year while SPY charges 0.09%. On a $10,000 position that is $41 vs $9 annually, a gap of $32 per year that compounds over a long holding period. On income, RJMI currently yields 2.60% against 1.01% for SPY.
Holdings Overlap
RJMI and SPY share 0 holdings out of 527 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RJMI or SPY?
RJMI has an expense ratio of 0.41% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, RJMI or SPY?
Over the past year RJMI returned +2.90% 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 RJMI and SPY?
RJMI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, RJMI or SPY?
RJMI yields 2.60% while SPY yields 1.01%, so RJMI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.