ROE vs SPY
Astoria US Equal Weight Quality Kings ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ROE or SPY?
ROE has been ahead.
SPY has a lower expense ratio. ROE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. ROE is less concentrated, with 13.6% of the fund in its ten largest positions against 37.8%.
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 | ROE | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $281M | $804.7B |
| Dividend Yield | 0.98% | 0.98% |
| Holdings | 102 | 505 |
| YTD Return | +20.55%Best | +12.22% |
| 1Y Return | +27.50%Best | +16.97% |
| 3Y Return (annualized) | +23.05%Best | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 14.4% | 12.8%Best |
| Max Drawdown | -19.1% | -18.8%Best |
| $10,000 over 3.1 years | $17,634Best | $17,250 |
| Top 10 Weight | 13.6%Best | 37.8% |
| Fund Family | Astoria Portfolio Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 1, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 1, 2023 to Sep 17, 2026 (3.1 years).
ROE 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 covers the 3.1 years both funds cover.
ROE vs SPY Performance
Astoria US Equal Weight Quality Kings ETF (ROE) is an ETF from Astoria Portfolio Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ROE returned +27.50% while SPY returned +16.97%. Year to date, ROE is up 20.55% versus a gain of 12.22% for SPY.
Over three years, ROE compounded at +23.05% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ROE has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 12.8% for SPY. 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 -19.1% for ROE and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ROE charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, ROE currently yields 0.98% against 0.98% for SPY.
Holdings Overlap
85.7% of ROE's money is in holdings SPY also owns. 57.8% of SPY's money is in holdings ROE also owns.
Most of ROE is already inside SPY. Owning both mostly buys the same companies twice.
86 positions in common, counted across the 101 positions we hold weights for in ROE and 504 in SPY, against full books of 102 and 505.
What only one of them owns
Our book lists 411 positions for SPY that do not appear in our book for ROE (41.5% of the fund), and 12 for ROE that do not appear in SPY (11.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ROE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.09% | 8.01% | 6.92% |
| AAPLApple, Inc | 1.12% | 7.26% | 6.14% |
| MSFTMicrosoft Corp | 1.39% | 5.66% | 4.27% |
| AMZNAmazon.Com Inc | 1.11% | 3.79% | 2.68% |
| GOOGLAlphabet Inc,class A | 0.97% | 2.99% | 2.02% |
| AVGOBroadcom Inc | 0.93% | 2.66% | 1.73% |
| METAMeta Platforms Inc | 1.01% | 1.93% | 0.92% |
| JPMJpmorgan Chase | 1.03% | 1.45% | 0.42% |
| TSLATesla Inc | 0.95% | 1.52% | 0.57% |
| LLYEli Lilly & Co. | 1.00% | 1.40% | 0.40% |
85.7% of ROE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ROE or SPY?
ROE has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, ROE or SPY?
Over the past year ROE returned +27.50% vs +16.97% for SPY, so ROE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ROE or SPY?
ROE has been the more volatile fund at 14.4% annualized versus 12.8% for SPY. Worst drawdown: ROE -19.1% vs SPY -18.8%.
Should I hold both ROE and SPY?
ROE and SPY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ROE and SPY?
85.7% of ROE's money is in holdings SPY also owns. 57.8% of SPY's is in holdings ROE also owns. They hold 86 positions in common, counted across the 101 positions we hold weights for in ROE and 504 in SPY.
Which pays a higher dividend, ROE or SPY?
ROE yields 0.98% while SPY yields 0.98%, so ROE currently pays the higher dividend yield.
Is SPY better than ROE?
SPY has a lower expense ratio. ROE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. ROE is less concentrated, with 13.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.