RNMN vs SPY
RiverNorth Market Neutral ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RNMN or SPY?
Small Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RNMN | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $7M | $804.7B |
| Dividend Yield | 9.66% | 0.98% |
| Holdings | 177 | 505 |
| YTD Return | +0.09% | +11.52%Best |
| 1Y Return | - | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Fund Family | TrueShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Blend |
| Inception | Jul 11, 2022 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
RNMN vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
RNMN vs SPY Performance
RiverNorth Market Neutral ETF (RNMN) is an ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, RNMN is up 0.09% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
RNMN charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, RNMN currently yields 9.66% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings RNMN also owns.
Stated as a floor: for RNMN, our book for it covers 94.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 158 days apart, RNMN as of Feb 27, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 87 positions we hold weights for in RNMN and 504 in SPY, against full books of 177 and 505.
Top Shared Holdings
| Stock | Weight in RNMN | Weight in SPY | Difference |
|---|---|---|---|
| STTState Street Corp. | 4.79% | 0.08% | 4.71% |
You are not choosing between two funds in isolation.
Whichever of RNMN and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RNMN or SPY?
RNMN has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which pays a higher dividend, RNMN or SPY?
RNMN yields 9.66% while SPY yields 0.98%, so RNMN currently pays the higher dividend yield.
Is SPY better than RNMN?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.