RMIF vs SPY
LHA Risk-Managed 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 503 holdings.
Side-by-Side Comparison
| Metric | RMIF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.55% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 5.68% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -2.80% | +13.75% | |
| 1Y Return | -1.16% | +22.91% | |
| 3Y Return (annualized) | +3.47% | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 2.4% | 15.3% | |
| Max Drawdown | -3.7% | -56.5% | |
| Fund Family | Little Harbor Advisors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 9, 2023 | Jan 22, 1993 |
RMIF vs SPY Performance
LHA Risk-Managed Income ETF (RMIF) is a ETF from Little Harbor Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RMIF returned -1.16% while SPY returned +22.91%. Year to date, RMIF is down 2.80% versus a gain of 13.75% for SPY.
Over three years, RMIF compounded at +3.47% per year against +21.67% for SPY. Across the full 3-year window we track, SPY has the edge at +8.85% annualized vs +3.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.4% for RMIF. 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 -3.7% for RMIF 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMIF charges 1.55% per year while SPY charges 0.09%. On a $10,000 position that is $155 vs $9 annually, a gap of $146 per year that compounds over a long holding period. On income, RMIF currently yields 5.68% against 1.01% for SPY.
Holdings Overlap
RMIF and SPY share 0 holdings out of 509 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, RMIF or SPY?
RMIF has an expense ratio of 1.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $146 per year of difference.
Which performed better, RMIF or SPY?
Over the past year RMIF returned -1.16% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), RMIF annualized +3.71% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, RMIF or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.4% for RMIF. Worst drawdown: RMIF -3.7% vs SPY -56.5%.
Should I hold both RMIF and SPY?
RMIF and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMIF and SPY?
RMIF and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, RMIF or SPY?
RMIF yields 5.68% while SPY yields 1.01%, so RMIF 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.