RVER vs SPY
Trenchless Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RVER or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 70.1%.
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 | RVER | SPY |
|---|---|---|
| Expense Ratio | 0.66% | 0.09%Best |
| AUM | $157M | $804.7B |
| Dividend Yield | 1.47% | 0.98% |
| Holdings | 17 | 505 |
| YTD Return | +16.17%Best | +11.52% |
| 1Y Return | +14.22% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 21.1% | 11.9%Best |
| Max Drawdown | -26.2% | -18.8%Best |
| $10,000 over 2.4 years | $14,588 | $14,892Best |
| Top 10 Weight | 70.1% | 38.0%Best |
| Fund Family | River1 Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Apr 3, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 3, 2024 to Sep 10, 2026 (2.4 years).
RVER 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 2.4 years both funds cover.
RVER vs SPY Performance
Trenchless Fund ETF (RVER) is an ETF from River1 Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RVER returned +14.22% while SPY returned +17.48%. Year to date, RVER is up 16.17% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVER has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 11.9% 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 -26.2% for RVER 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RVER charges 0.66% per year while SPY charges 0.09%. On a $10,000 position that is $66 vs $9 annually, a gap of $57 per year that compounds over a long holding period. On income, RVER currently yields 1.47% against 0.98% for SPY.
Holdings Overlap
62.3% of RVER's money is in holdings SPY also owns. 14.0% of SPY's money is in holdings RVER also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 21 positions we hold weights for in RVER and 504 in SPY, against full books of 17 and 505.
What only one of them owns
Measured across the 21 and 504 positions we hold weights for.
SPY holds 482 positions RVER does not, 85.5% of the fund.
Largest: AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%, GOOG 2.67%
Top Shared Holdings
| Stock | Weight in RVER | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.19% | 7.71% | 0.52% |
| HPEHewlett Packard Enterprise Co. | 9.25% | 0.10% | 9.15% |
| AVGOBroadcom Inc | 5.73% | 2.97% | 2.76% |
| METAMeta Platforms, Inc. | 5.77% | 1.94% | 3.83% |
| NOWServicenow, Inc. | 6.96% | 0.18% | 6.78% |
| EQTEqt Corp | 6.84% | 0.05% | 6.79% |
| ORCLOracle Corp. | 5.64% | 0.37% | 5.27% |
| FSLRFirst Solar, Inc | 5.21% | 0.04% | 5.17% |
| GNRCGenerac Holdings, Inc. | 3.89% | 0.02% | 3.87% |
| NEENextera Energy Inc. | 2.38% | 0.27% | 2.11% |
62.3% of RVER 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, RVER or SPY?
RVER has an expense ratio of 0.66% while SPY charges 0.09%. SPY is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, RVER or SPY?
Over the past year RVER returned +14.22% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RVER annualized +17.04% vs +18.05% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RVER or SPY?
RVER has been the more volatile fund at 21.1% annualized versus 11.9% for SPY. Worst drawdown: RVER -26.2% vs SPY -18.8%.
Should I hold both RVER and SPY?
RVER and SPY have a monthly-return correlation of 0.81, 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 RVER and SPY?
62.3% of RVER's money is in holdings SPY also owns. 14.0% of SPY's is in holdings RVER also owns. They hold 12 positions in common, counted across the 21 positions we hold weights for in RVER and 504 in SPY.
Which pays a higher dividend, RVER or SPY?
RVER yields 1.47% while SPY yields 0.98%, so RVER currently pays the higher dividend yield.
Is SPY better than RVER?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 70.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.