RVRB vs SPY
Reverb ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RVRB or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00.
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 | RVRB | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $5M | $811.2B |
| Dividend Yield | 0.86% | 0.98% |
| Holdings | 499 | 1,515 |
| Volatility (annualized) | 12.9% | 12.8%Best |
| Max Drawdown | -19.1% | -18.8%Best |
| $10,000 over 3.4 years | $17,218 | $17,994Best |
| Top 10 Weight | 38.2%Tie | 38.2%Tie |
| Fund Family | Reverb ETF | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 3, 2022 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 193 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. RVRB has data through Mar 26, 2026 and SPY through Oct 5, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Nov 4, 2022 to Mar 26, 2026 (3.4 years).
Risk: Volatility and Drawdowns
RVRB has been the more volatile fund, with annualized monthly volatility of 12.9% 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 RVRB 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RVRB charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, RVRB currently yields 0.86% against 0.98% for SPY.
Holdings Overlap
93.3% of RVRB's money is in holdings SPY also owns. 93.5% of SPY's money is in holdings RVRB also owns.
Most of SPY is already inside RVRB. Owning both mostly buys the same companies twice.
The two holdings books were reported 257 days apart, RVRB as of Dec 31, 2025 and SPY as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
400 positions in common, counted across the 493 positions we hold weights for in RVRB and 504 in SPY, against full books of 499 and 1,515.
What only one of them owns
Our book lists 100 positions for SPY that do not appear in our book for RVRB (5.8% of the fund), and 47 for RVRB that do not appear in SPY (2.7%).
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 RVRB | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.78% | 7.78% | 1.00% |
| AAPLApple, Inc | 5.40% | 7.45% | 2.05% |
| MSFTMicrosoft Corp | 5.92% | 5.71% | 0.21% |
| GOOGLAlphabet Inc,class A | 6.28% | 3.12% | 3.16% |
| AMZNAmazon.Com Inc | 4.24% | 3.78% | 0.46% |
| AVGOBroadcom Inc | 2.52% | 2.48% | 0.04% |
| METAMeta Platforms Inc | 2.13% | 2.22% | 0.09% |
| TSLATesla Inc | 1.93% | 1.54% | 0.39% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.55% | 1.44% | 0.11% |
| LLYEli Lilly & Co. | 1.42% | 1.37% | 0.05% |
93.5% of SPY is already inside RVRB.
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, RVRB or SPY?
RVRB has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which is riskier, RVRB or SPY?
RVRB has been the more volatile fund at 12.9% annualized versus 12.8% for SPY. Worst drawdown: RVRB -19.1% vs SPY -18.8%.
Should I hold both RVRB and SPY?
RVRB and SPY have a monthly-return correlation of 1.00, 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 RVRB and SPY?
93.5% of SPY's money is in holdings RVRB also owns. 93.5% of SPY's is in holdings RVRB also owns. They hold 400 positions in common, counted across the 493 positions we hold weights for in RVRB and 504 in SPY.
Which pays a higher dividend, RVRB or SPY?
RVRB yields 0.86% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than RVRB?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.