SGLC vs SPY
SGI US Large Cap Core ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SGLC or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SGLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.4%.
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 | SGLC | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $211M | $804.7B |
| Dividend Yield | 0.20% | 0.98% |
| Holdings | 162 | 505 |
| YTD Return | +17.73%Best | +12.09% |
| 1Y Return | +24.14%Best | +16.29% |
| 3Y Return (annualized) | +21.88%Best | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 13.0% | 12.5%Best |
| Max Drawdown | -20.2% | -18.8%Best |
| $10,000 over 3.5 years | $19,936Best | $19,498 |
| Top 10 Weight | 40.4% | 37.8%Best |
| Fund Family | Summit Global Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 31, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 31, 2023 to Sep 18, 2026 (3.5 years).
SGLC 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 3.5 years both funds cover.
SGLC vs SPY Performance
SGI US Large Cap Core ETF (SGLC) is an ETF from Summit Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SGLC returned +24.14% while SPY returned +16.29%. Year to date, SGLC is up 17.73% versus a gain of 12.09% for SPY.
Over three years, SGLC compounded at +21.88% per year against +21.20% for SPY. Across the full 4-year window we track, SGLC has the edge at +21.79% annualized vs +21.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SGLC has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 12.5% 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 -20.2% for SGLC 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 0.97. 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 0.98% for SPY.
Holdings Overlap
98.2% of SGLC's money is in holdings SPY also owns. 71.2% of SPY's money is in holdings SGLC also owns.
Most of SGLC is already inside SPY. Owning both mostly buys the same companies twice.
137 positions in common, counted across the 139 positions we hold weights for in SGLC and 504 in SPY, against full books of 162 and 505.
What only one of them owns
Our book lists 360 positions for SPY that do not appear in our book for SGLC (28.1% of the fund), and 2 for SGLC that do not appear in SPY (1.9%).
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
| Stock | Weight in SGLC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.47% | 8.01% | 0.46% |
| AAPLApple, Inc | 6.72% | 7.26% | 0.54% |
| MSFTMicrosoft Corp | 5.91% | 5.66% | 0.25% |
| AMZNAmazon.Com Inc | 4.30% | 3.79% | 0.51% |
| GOOGLAlphabet Inc,class A | 3.41% | 2.99% | 0.42% |
| AVGOBroadcom Inc | 2.51% | 2.66% | 0.15% |
| GOOGAlphabet Inc | 2.64% | 2.39% | 0.25% |
| METAMeta Platforms Inc | 2.43% | 1.93% | 0.50% |
| MUMicron Technology, Inc. | 2.23% | 1.60% | 0.63% |
| JPMJpmorgan Chase | 1.73% | 1.45% | 0.28% |
98.2% of SGLC 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, SGLC or SPY?
SGLC has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, SGLC or SPY?
Over the past year SGLC returned +24.14% vs +16.29% for SPY, so SGLC leads on 1-year performance. Over the longest common window we track (4 years), SGLC annualized +21.79% vs +21.02% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SGLC or SPY?
SGLC has been the more volatile fund at 13.0% annualized versus 12.5% for SPY. Worst drawdown: SGLC -20.2% vs SPY -18.8%.
Should I hold both SGLC and SPY?
SGLC and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SGLC and SPY?
98.2% of SGLC's money is in holdings SPY also owns. 71.2% of SPY's is in holdings SGLC also owns. They hold 137 positions in common, counted across the 139 positions we hold weights for in SGLC and 504 in SPY.
Which pays a higher dividend, SGLC or SPY?
SGLC yields 0.20% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SGLC?
SPY has a lower expense ratio. SGLC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.