RULE vs SPY
Adaptive Core ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RULE or SPY?
Equity-oriented Balanced against Large Cap Blend.
SPY has a lower expense ratio. RULE led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.7%.
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 | RULE | SPY |
|---|---|---|
| Expense Ratio | 1.84% | 0.09%Best |
| AUM | $17M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 36 | 505 |
| YTD Return | +29.73%Best | +12.22% |
| 1Y Return | +33.09%Best | +16.97% |
| 3Y Return (annualized) | +16.87% | +21.16%Best |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 17.7% | 15.7%Best |
| Max Drawdown | -30.5% | -24.5%Best |
| $10,000 over 4.9 years | $12,297 | $17,562Best |
| Top 10 Weight | 39.7% | 37.8%Best |
| Fund Family | Mohr Funds | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Blend |
| Inception | Nov 2, 2021 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Nov 3, 2021 to Sep 17, 2026 (4.9 years).
RULE 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 4.9 years both funds cover.
RULE vs SPY Performance
Adaptive Core ETF (RULE) is an ETF from Mohr Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RULE returned +33.09% while SPY returned +16.97%. Year to date, RULE is up 29.73% versus a gain of 12.22% for SPY.
Over three years, RULE compounded at +16.87% per year against +21.16% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RULE has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.7% 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 -30.5% for RULE and -24.5% 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RULE charges 1.84% per year while SPY charges 0.09%. On a $10,000 position that is $184 vs $9 annually, a gap of $175 per year that compounds over a long holding period. On income, RULE currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
78.5% of RULE's money is in holdings SPY also owns. 30.6% of SPY's money is in holdings RULE also owns.
Most of RULE is already inside SPY. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 35 positions we hold weights for in RULE and 504 in SPY, against full books of 36 and 505.
What only one of them owns
Measured across the 35 and 504 positions we hold weights for.
SPY holds 469 positions RULE does not, 68.7% of the fund.
Largest: MSFT 5.66%, AVGO 2.66%, GOOG 2.39%, META 1.93%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in RULE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.64% | 8.01% | 5.37% |
| AAPLApple, Inc | 1.99% | 7.26% | 5.27% |
| MUMicron Technology, Inc. | 5.64% | 1.60% | 4.04% |
| STXSeagate Technology Holdings Plc | 6.09% | 0.28% | 5.81% |
| GOOGLAlphabet Inc,class A | 3.16% | 2.99% | 0.17% |
| AMZNAmazon.Com Inc | 1.61% | 3.79% | 2.18% |
| AMDAdvanced Micro Devices Inc | 3.60% | 1.14% | 2.46% |
| LRCXLrcx Uw Equity | 3.71% | 0.55% | 3.16% |
| DELLDell Technologies Inc | 3.84% | 0.19% | 3.65% |
| PANWPalo Alto Networks, Inc | 3.55% | 0.45% | 3.10% |
78.5% of RULE 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, RULE or SPY?
RULE has an expense ratio of 1.84% while SPY charges 0.09%. SPY is the cheaper option, by $175 a year on a $10,000 investment.
Which performed better, RULE or SPY?
Over the past year RULE returned +33.09% vs +16.97% for SPY, so RULE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RULE or SPY?
RULE has been the more volatile fund at 17.7% annualized versus 15.7% for SPY. Worst drawdown: RULE -30.5% vs SPY -24.5%.
Should I hold both RULE and SPY?
RULE and SPY have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RULE and SPY?
78.5% of RULE's money is in holdings SPY also owns. 30.6% of SPY's is in holdings RULE also owns. They hold 28 positions in common, counted across the 35 positions we hold weights for in RULE and 504 in SPY.
Which pays a higher dividend, RULE or SPY?
RULE yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than RULE?
SPY has a lower expense ratio. RULE led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.