RNMN vs SPY
RiverNorth Market Neutral 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 | RNMN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $7M | $821.1B | |
| Dividend Yield | 9.66% | 1.01% | |
| Holdings | 177 | 505 | |
| YTD Return | +0.00% | +12.93% | |
| 1Y Return | - | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -0.5% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 11, 2022 | Jan 22, 1993 |
RNMN vs SPY Performance
RiverNorth Market Neutral ETF (RNMN) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, RNMN is up 0.00% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.5% for RNMN 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
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 1.01% for SPY.
Holdings Overlap
RNMN and SPY share 1 holdings out of 590 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RNMN | Weight in SPY | Difference |
|---|---|---|---|
| STT | 4.79% | 0.08% | 4.71% |
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. On a $10,000 investment, that is $50 per year of difference.
What is the holdings overlap between RNMN and SPY?
RNMN and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, RNMN or SPY?
RNMN yields 9.66% while SPY yields 1.01%, so RNMN currently pays the higher dividend yield.
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