RVER vs SPY
Trenchless Fund 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 | RVER | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.09% | |
| AUM | $150M | $821.1B | |
| Dividend Yield | 1.57% | 1.01% | |
| Holdings | 17 | 505 | |
| YTD Return | +14.86% | +12.22% | |
| 1Y Return | +16.04% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 21.4% | 15.3% | |
| Max Drawdown | -26.2% | -56.5% | |
| Fund Family | River1 Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 3, 2024 | Jan 22, 1993 |
RVER vs SPY Performance
Trenchless Fund ETF (RVER) is a ETF from River1 Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RVER returned +16.04% while SPY returned +20.83%. Year to date, RVER is up 14.86% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
RVER has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 15.3% 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 -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 0.82. 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 1.57% against 1.01% for SPY.
Holdings Overlap
RVER and SPY share 9 holdings out of 511 unique holdings combined, representing a 13.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, RVER or SPY?
Over the past year RVER returned +16.04% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RVER annualized +16.93% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, RVER or SPY?
RVER has been the more volatile fund at 21.4% annualized versus 15.3% for SPY. Worst drawdown: RVER -26.2% vs SPY -56.5%.
Should I hold both RVER and SPY?
RVER and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RVER and SPY?
RVER and SPY share 9 common holdings with a 13.4% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, RVER or SPY?
RVER yields 1.57% while SPY yields 1.01%, so RVER currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.