ROE vs SPY
Astoria US Equal Weight Quality Kings ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ROE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ROE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $262M | $789.1B | |
| Dividend Yield | 1.00% | 1.01% | |
| Holdings | 102 | 505 | |
| YTD Return | +23.35% | +13.75% | |
| 1Y Return | +36.69% | +22.91% | |
| 3Y Return (annualized) | +22.82% | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 14.5% | 15.3% | |
| Max Drawdown | -19.1% | -56.5% | |
| Fund Family | Astoria Portfolio Advisors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 1, 2023 | Jan 22, 1993 |
ROE vs SPY Performance
Astoria US Equal Weight Quality Kings ETF (ROE) is a ETF from Astoria Portfolio Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ROE returned +36.69% while SPY returned +22.91%. Year to date, ROE is up 23.35% versus a gain of 13.75% for SPY.
Over three years, ROE compounded at +22.82% per year against +21.67% for SPY. Across the full 3-year window we track, ROE has the edge at +21.77% annualized vs +8.85%. 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 14.5% for ROE. 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 -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 0.93. 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 1.00% against 1.01% for SPY.
Holdings Overlap
ROE and SPY share 84 holdings out of 520 unique holdings combined, representing a 29.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $40 per year of difference.
Which performed better, ROE or SPY?
Over the past year ROE returned +36.69% vs +22.91% for SPY, so ROE leads on 1-year performance. Over the longest common window we track (3 years), ROE annualized +21.77% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ROE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for ROE. Worst drawdown: ROE -19.1% vs SPY -56.5%.
Should I hold both ROE and SPY?
ROE and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ROE and SPY?
ROE and SPY share 84 common holdings with a 29.5% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, ROE or SPY?
ROE yields 1.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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