SHOC vs SPY
Strive US Semiconductor ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SHOC or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SHOC led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 78.2%.
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 | SHOC | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $224M | $804.7B |
| Dividend Yield | 0.13% | 0.98% |
| Holdings | 32 | 505 |
| YTD Return | +41.05%Best | +10.96% |
| 1Y Return | +66.69%Best | +15.52% |
| 3Y Return (annualized) | +45.00%Best | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 32.8% | 13.0%Best |
| Max Drawdown | -37.6% | -18.8%Best |
| $10,000 over 3.9 years | $40,105Best | $21,045 |
| Top 10 Weight | 78.2% | 37.8%Best |
| Fund Family | Strive Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 6, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 6, 2022 to Sep 16, 2026 (3.9 years).
SHOC 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 3.9 years both funds cover.
SHOC vs SPY Performance
Strive US Semiconductor ETF (SHOC) is an ETF from Strive Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SHOC returned +66.69% while SPY returned +15.52%. Year to date, SHOC is up 41.05% versus a gain of 10.96% for SPY.
Over three years, SHOC compounded at +45.00% per year against +20.73% for SPY. Across the full 4-year window we track, SHOC has the edge at +42.78% annualized vs +21.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHOC has been the more volatile fund, with annualized monthly volatility of 32.8% compared with 13.0% 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 -37.6% for SHOC 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SHOC charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, SHOC currently yields 0.13% against 0.98% for SPY.
Holdings Overlap
91.6% of SHOC's money is in holdings SPY also owns. 17.5% of SPY's money is in holdings SHOC also owns.
Most of SHOC is already inside SPY. Owning both mostly buys the same companies twice.
22 positions in common, counted across the 31 positions we hold weights for in SHOC and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for SHOC (81.9% of the fund), and 6 for SHOC that do not appear in SPY (2.4%).
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 SHOC | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 22.56% | 8.01% | 14.55% |
| MUMicron Technology, Inc. | 13.57% | 1.60% | 11.97% |
| AVGOBroadcom Inc | 11.05% | 2.66% | 8.39% |
| AMDAdvanced Micro Devices Inc | 4.81% | 1.14% | 3.67% |
| AMATApplied Materials, Inc. | 4.90% | 0.53% | 4.37% |
| LRCXLam Research Corp | 4.72% | 0.55% | 4.17% |
| KLACKla Corp | 4.20% | 0.34% | 3.86% |
| TXNTexas Instrument Inc | 3.89% | 0.35% | 3.54% |
| INTCIntel Corporation | 3.42% | 0.67% | 2.75% |
| MRVLMarvell Technology Group Ltd. | 3.46% | 0.28% | 3.18% |
91.6% of SHOC 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, SHOC or SPY?
SHOC has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, SHOC or SPY?
Over the past year SHOC returned +66.69% vs +15.52% for SPY, so SHOC leads on 1-year performance. Over the longest common window we track (4 years), SHOC annualized +42.78% vs +21.02% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SHOC or SPY?
SHOC has been the more volatile fund at 32.8% annualized versus 13.0% for SPY. Worst drawdown: SHOC -37.6% vs SPY -18.8%.
Should I hold both SHOC and SPY?
SHOC and SPY have a monthly-return correlation of 0.78, 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 SHOC and SPY?
91.6% of SHOC's money is in holdings SPY also owns. 17.5% of SPY's is in holdings SHOC also owns. They hold 22 positions in common, counted across the 31 positions we hold weights for in SHOC and 504 in SPY.
Which pays a higher dividend, SHOC or SPY?
SHOC yields 0.13% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SHOC?
SPY has a lower expense ratio. SHOC led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 78.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.