SJLD vs SPY
SanJac Alpha Low Duration ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SJLD or SPY?
Investment Grade Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y 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 | SJLD | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $2M | $811.2B |
| Dividend Yield | 4.39% | 0.98% |
| Holdings | 22 | 1,515 |
| YTD Return | +2.23% | +12.70%Best |
| 1Y Return | +3.06% | +15.53%Best |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 1.9%Best | 12.4% |
| Max Drawdown | -1.0%Best | -18.8% |
| $10,000 over 2.1 years | $11,117 | $14,394Best |
| Top 10 Weight | - | 38.2% |
| Fund Family | SanJac Alpha | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Investment Grade Bond | Large Cap Blend |
| Inception | Sep 9, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 10, 2024 to Oct 1, 2026 (2.1 years).
SJLD 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 2.1 years both funds cover.
SJLD vs SPY Performance
SanJac Alpha Low Duration ETF (SJLD) is an ETF from SanJac Alpha and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SJLD returned +3.06% while SPY returned +15.53%. Year to date, SJLD is up 2.23% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 1.9% for SJLD. 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 -1.0% for SJLD 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 0.05. They move largely independently of each other.
Fees and Cost Over Time
SJLD charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, SJLD currently yields 4.39% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 9 holdings in SJLD and 504 in SPY, totalling 95.1% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in SJLD and 504 in SPY, against full books of 22 and 1,515.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for SJLD (99.2% of the fund), and 9 for SJLD that do not appear in SPY (95.1%).
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.
You are not choosing between two funds in isolation.
Whichever of SJLD 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, SJLD or SPY?
SJLD has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, SJLD or SPY?
Over the past year SJLD returned +3.06% vs +15.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SJLD annualized +5.17% vs +18.94% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SJLD or SPY?
SPY has been the more volatile fund at 12.4% annualized versus 1.9% for SJLD. Worst drawdown: SJLD -1.0% vs SPY -18.8%.
Should I hold both SJLD and SPY?
SJLD and SPY have a monthly-return correlation of 0.05, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SJLD or SPY?
SJLD yields 4.39% while SPY yields 0.98%, so SJLD currently pays the higher dividend yield.
Is SPY better than SJLD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.