SIO vs SPY
Touchstone Strategic Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SIO or SPY?
Intermediate Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | SIO | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $295M | $814.4B |
| Dividend Yield | 7.53% | 1.01% |
| Holdings | 205 | 505 |
| YTD Return | +0.79% | +12.71%Best |
| 1Y Return | +2.15% | +19.36%Best |
| 3Y Return (annualized) | +7.17% | +21.09%Best |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 5.6%Best | 14.3% |
| Max Drawdown | -7.3%Best | -18.8% |
| $10,000 over 4.1 years | $12,610 | $20,342Best |
| Fund Family | Touchstone Investments | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Intermediate Term Bond | Large Cap Blend |
| Inception | Jul 21, 2022 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Jul 25, 2022 to Sep 8, 2026 (4.1 years).
SIO 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 4.1 years both funds cover.
SIO vs SPY Performance
Touchstone Strategic Income ETF (SIO) is an ETF from Touchstone Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SIO returned +2.15% while SPY returned +19.36%. Year to date, SIO is up 0.79% versus a gain of 12.71% for SPY.
Over three years, SIO compounded at +7.17% per year against +21.09% for SPY. Across the full 4-year window we track, SPY has the edge at +18.91% annualized vs +5.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 5.6% for SIO. 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 -7.3% for SIO 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SIO charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, SIO currently yields 7.53% against 1.01% for SPY.
Holdings Overlap
At least 5.0% of SPY's money is in holdings SIO also owns.
Stated as a floor: for SIO, our book for it covers 36.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and SIO share little of their money.
11 positions in common, counted across the 100 positions we hold weights for in SIO and 503 in SPY, against full books of 205 and 505.
Top Shared Holdings
| Stock | Weight in SIO | Weight in SPY | Difference |
|---|---|---|---|
| TAt&t, Inc. | 4.85% | 0.24% | 4.61% |
| XOMExxon Mobil Corp | 0.16% | 0.96% | 0.80% |
| JNJJohnson & Johnson - Common | 0.18% | 0.92% | 0.74% |
| GSGoldman Sachs Group Inc. | 0.58% | 0.47% | 0.11% |
| PMPhilip Morris International Inc. | 0.59% | 0.44% | 0.15% |
| BACBank Of America Corp Preferred Stock 6.5 | 0.19% | 0.62% | 0.43% |
| RTXRaytheon Co. | 0.18% | 0.44% | 0.26% |
| TXNTexas Instruments, Inc | 0.14% | 0.39% | 0.25% |
| IBMIntl Business Machines Corp | 0.15% | 0.33% | 0.18% |
| MDTMedtronic Plc Ordinary Shares | 0.18% | 0.17% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of SIO 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, SIO or SPY?
SIO has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, SIO or SPY?
Over the past year SIO returned +2.15% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SIO annualized +5.82% vs +18.91% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SIO or SPY?
SPY has been the more volatile fund at 14.3% annualized versus 5.6% for SIO. Worst drawdown: SIO -7.3% vs SPY -18.8%.
Should I hold both SIO and SPY?
SIO and SPY have a monthly-return correlation of 0.70, 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 SIO and SPY?
At least 5.0% of SPY's money is in holdings SIO also owns. Our book for SIO is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 100 positions we hold weights for in SIO and 503 in SPY.
Which pays a higher dividend, SIO or SPY?
SIO yields 7.53% while SPY yields 1.01%, so SIO currently pays the higher dividend yield.
Is SPY better than SIO?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.