RNIN vs SPY
Bushido Capital US SMID Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RNIN delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RNIN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.09% | |
| AUM | $199M | $821.1B | |
| Dividend Yield | 0.80% | 1.01% | |
| Holdings | 82 | 505 | |
| YTD Return | +33.55% | +12.93% | |
| 1Y Return | +40.72% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 11.2% | 15.3% | |
| Max Drawdown | -5.7% | -56.5% | |
| Fund Family | Bushido Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 14, 2025 | Jan 22, 1993 |
RNIN vs SPY Performance
Bushido Capital US SMID Cap Equity ETF (RNIN) is a ETF from Bushido Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RNIN returned +40.72% while SPY returned +20.62%. Year to date, RNIN is up 33.55% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.2% for RNIN. 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 -5.7% for RNIN 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RNIN charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, RNIN currently yields 0.80% against 1.01% for SPY.
Holdings Overlap
RNIN and SPY share 15 holdings out of 570 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RNIN or SPY?
RNIN has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, RNIN or SPY?
Over the past year RNIN returned +40.72% vs +20.62% for SPY, so RNIN leads on 1-year performance. Over the longest common window we track (1 years), RNIN annualized +36.79% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, RNIN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.2% for RNIN. Worst drawdown: RNIN -5.7% vs SPY -56.5%.
Should I hold both RNIN and SPY?
RNIN and SPY have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RNIN and SPY?
RNIN and SPY share 15 common holdings with a 0.5% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, RNIN or SPY?
RNIN yields 0.80% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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