SDCP vs SPY
Virtus Newfleet Short Duration Core Plus Bond 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 503 holdings.
Side-by-Side Comparison
| Metric | SDCP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $13M | $789.1B | |
| Dividend Yield | 5.23% | 1.01% | |
| Holdings | 305 | 505 | |
| YTD Return | +1.59% | +13.39% | |
| 1Y Return | +3.48% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 1.6% | 15.3% | |
| Max Drawdown | -0.8% | -56.5% | |
| Fund Family | Virtus Investment Partners | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 15, 2023 | Jan 22, 1993 |
SDCP vs SPY Performance
Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) is a ETF from Virtus Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SDCP returned +3.48% while SPY returned +22.52%. Year to date, SDCP is up 1.59% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.6% for SDCP. 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 -0.8% for SDCP 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SDCP charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, SDCP currently yields 5.23% against 1.01% for SPY.
Holdings Overlap
SDCP and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SDCP or SPY?
SDCP has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, SDCP or SPY?
Over the past year SDCP returned +3.48% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SDCP annualized +5.47% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, SDCP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.6% for SDCP. Worst drawdown: SDCP -0.8% vs SPY -56.5%.
Should I hold both SDCP and SPY?
SDCP and SPY have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SDCP and SPY?
SDCP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SDCP or SPY?
SDCP yields 5.23% while SPY yields 1.01%, so SDCP currently pays the higher dividend yield.
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