SFLO vs SPY
VictoryShares Small Cap Free Cash Flow ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SFLO or SPY?
Small Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SFLO led over 1Y, SPY over the full window. SFLO is less concentrated, with 13.8% of the fund in its ten largest positions against 37.8%.
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 | SFLO | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $806M | $804.7B |
| Dividend Yield | 0.65% | 0.98% |
| Holdings | 201 | 505 |
| YTD Return | +28.68%Best | +12.99% |
| 1Y Return | +29.15%Best | +16.73% |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 17.2% | 11.8%Best |
| Max Drawdown | -26.6% | -18.8%Best |
| $10,000 over 2.8 years | $15,439 | $16,868Best |
| Top 10 Weight | 13.8%Best | 37.8% |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Dec 21, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 21, 2023 to Sep 23, 2026 (2.8 years).
SFLO 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 2.8 years both funds cover.
SFLO vs SPY Performance
VictoryShares Small Cap Free Cash Flow ETF (SFLO) is an ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SFLO returned +29.15% while SPY returned +16.73%. Year to date, SFLO is up 28.68% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SFLO has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 11.8% 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 -26.6% for SFLO 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SFLO charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, SFLO currently yields 0.65% against 0.98% for SPY.
Holdings Overlap
5.1% of SFLO's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings SFLO also owns.
SFLO and SPY share little of their money.
6 positions in common, counted across the 199 positions we hold weights for in SFLO and 504 in SPY, against full books of 201 and 505.
What only one of them owns
Our book lists 491 positions for SPY that do not appear in our book for SFLO (99.3% of the fund), and 191 for SFLO that do not appear in SPY (93.0%).
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
You are not choosing between two funds in isolation.
Whichever of SFLO and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SFLO or SPY?
SFLO has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, SFLO or SPY?
Over the past year SFLO returned +29.15% vs +16.73% for SPY, so SFLO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SFLO or SPY?
SFLO has been the more volatile fund at 17.2% annualized versus 11.8% for SPY. Worst drawdown: SFLO -26.6% vs SPY -18.8%.
Should I hold both SFLO and SPY?
SFLO and SPY have a monthly-return correlation of 0.61, 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 SFLO and SPY?
5.1% of SFLO's money is in holdings SPY also owns. 0.1% of SPY's is in holdings SFLO also owns. They hold 6 positions in common, counted across the 199 positions we hold weights for in SFLO and 504 in SPY.
Which pays a higher dividend, SFLO or SPY?
SFLO yields 0.65% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SFLO?
SPY has a lower expense ratio. SFLO led over 1Y, SPY over the full window. SFLO is less concentrated, with 13.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.