SGLC vs SPY
SGI US Large Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SGLC delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SGLC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $200M | $789.1B | |
| Dividend Yield | 0.20% | 1.01% | |
| Holdings | 123 | 505 | |
| YTD Return | +19.73% | +14.47% | |
| 1Y Return | +29.24% | +21.96% | |
| 3Y Return (annualized) | +22.15% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 13.2% | 15.3% | |
| Max Drawdown | -20.2% | -56.5% | |
| Fund Family | Summit Global Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2023 | Jan 22, 1993 |
SGLC vs SPY Performance
SGI US Large Cap Core ETF (SGLC) is a ETF from Summit Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SGLC returned +29.24% while SPY returned +21.96%. Year to date, SGLC is up 19.73% versus a gain of 14.47% for SPY.
Over three years, SGLC compounded at +22.15% per year against +21.70% for SPY. Across the full 3-year window we track, SGLC has the edge at +23.11% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.2% for SGLC. 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 -20.2% for SGLC 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SGLC charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, SGLC currently yields 0.20% against 1.01% for SPY.
Holdings Overlap
SGLC and SPY share 116 holdings out of 510 unique holdings combined, representing a 46.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SGLC or SPY?
SGLC has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, SGLC or SPY?
Over the past year SGLC returned +29.24% vs +21.96% for SPY, so SGLC leads on 1-year performance. Over the longest common window we track (3 years), SGLC annualized +23.11% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, SGLC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.2% for SGLC. Worst drawdown: SGLC -20.2% vs SPY -56.5%.
Should I hold both SGLC and SPY?
SGLC and SPY have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SGLC and SPY?
SGLC and SPY share 116 common holdings with a 46.2% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, SGLC or SPY?
SGLC yields 0.20% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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