RWR vs SPY
State Street SPDR Dow Jones REIT ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RWR or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. RWR led over the full window, SPY over 1Y, 3Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.2%.
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 | RWR | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $1.8B | $804.7B |
| Dividend Yield | 3.26% | 0.98% |
| Holdings | 101 | 505 |
| YTD Return | +13.06%Best | +11.52% |
| 1Y Return | +13.83% | +17.48%Best |
| 3Y Return (annualized) | +10.78% | +20.62%Best |
| 5Y Return (annualized) | +3.42% | +12.73%Best |
| Volatility (annualized) | 43.8% | 14.9%Best |
| Max Drawdown | -77.0% | -56.5%Best |
| $10,000 over 5 years | $11,831 | $18,205Best |
| Top 10 Weight | 52.2% | 38.0%Best |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Apr 23, 2001 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 27, 2001 to Sep 10, 2026 (25.4 years).
RWR 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 25.4 years both funds cover.
RWR vs SPY Performance
State Street SPDR Dow Jones REIT ETF (RWR) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RWR returned +13.83% while SPY returned +17.48%. Year to date, RWR is up 13.06% versus a gain of 11.52% for SPY.
Over three years, RWR compounded at +10.78% per year against +20.62% for SPY; over five years the annualized figures are +3.42% and +12.73% respectively. Across the full 25-year window we track, RWR has the edge at +9.75% annualized vs +7.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWR has been the more volatile fund, with annualized monthly volatility of 43.8% compared with 14.9% 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 -77.0% for RWR and -56.5% 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 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RWR charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, RWR currently yields 3.26% against 0.98% for SPY.
Holdings Overlap
69.3% of RWR's money is in holdings SPY also owns. 1.4% of SPY's money is in holdings RWR also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 98 positions we hold weights for in RWR and 504 in SPY, against full books of 101 and 505.
What only one of them owns
Measured across the 98 and 504 positions we hold weights for.
SPY holds 471 positions RWR does not, 98.1% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in RWR | Weight in SPY | Difference |
|---|---|---|---|
| WELLWelltower Inc | 10.59% | 0.25% | 10.34% |
| PLDPrologis Inc | 9.22% | 0.19% | 9.03% |
| DLRDigital Realty Trust Inc. | 4.91% | 0.10% | 4.81% |
| PSAPublic Storage | 4.66% | 0.08% | 4.58% |
| SPGSimon Property Group Inc | 4.62% | 0.11% | 4.51% |
| EQIXEquinix, Inc. | 4.41% | 0.16% | 4.25% |
| ORealty Income Corp. | 4.41% | 0.09% | 4.32% |
| VTRVentas, Inc. | 4.07% | 0.07% | 4.00% |
| EXRExtra Space Storage Inc. | 2.92% | 0.05% | 2.87% |
| AVBAvalonbay Communities Inc. | 2.43% | 0.04% | 2.39% |
69.3% of RWR 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, RWR or SPY?
RWR has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, RWR or SPY?
Over the past year RWR returned +13.83% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (25 years), RWR annualized +9.75% vs +7.65% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWR or SPY?
RWR has been the more volatile fund at 43.8% annualized versus 14.9% for SPY. Worst drawdown: RWR -77.0% vs SPY -56.5%.
Should I hold both RWR and SPY?
RWR and SPY have a monthly-return correlation of 0.33, 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 RWR and SPY?
69.3% of RWR's money is in holdings SPY also owns. 1.4% of SPY's is in holdings RWR also owns. They hold 23 positions in common, counted across the 98 positions we hold weights for in RWR and 504 in SPY.
Which pays a higher dividend, RWR or SPY?
RWR yields 3.26% while SPY yields 0.98%, so RWR currently pays the higher dividend yield.
Is SPY better than RWR?
SPY has a lower expense ratio. RWR led over the full window, SPY over 1Y, 3Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.