SASS vs SPY
M.D. Sass Concentrated Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SASS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $76M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 23 | 505 | |
| YTD Return | -0.34% | +13.68% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -9.6% | -56.5% | |
| Fund Family | MD Sass | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2026 | Jan 22, 1993 |
SASS vs SPY Performance
M.D. Sass Concentrated Value ETF (SASS) is a ETF from MD Sass and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, SASS is down 0.34% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.6% for SASS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SASS charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, SASS currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
SASS and SPY share 13 holdings out of 512 unique holdings combined, representing a 6.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SASS or SPY?
SASS has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between SASS and SPY?
SASS and SPY share 13 common holdings with a 6.5% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, SASS or SPY?
SASS yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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