SMRF vs SPY
ALPS Nautilus SMR, Nuclear & Technology ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SMRF or SPY?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 43.5%.
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 | SMRF | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $17M | $804.7B |
| Dividend Yield | 0.61% | 0.98% |
| Holdings | 73 | 505 |
| YTD Return | -9.68% | +12.09%Best |
| 1Y Return | - | +16.29% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Top 10 Weight | 43.5% | 37.8%Best |
| Fund Family | ALPS Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 18, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SMRF 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SMRF vs SPY Performance
ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) is an ETF from ALPS Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, SMRF is down 9.68% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
SMRF charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, SMRF currently yields 0.61% against 0.98% for SPY.
Holdings Overlap
24.4% of SMRF's money is in holdings SPY also owns. 8.9% of SPY's money is in holdings SMRF also owns.
SMRF and SPY share little of their money.
20 positions in common, counted across the 73 positions we hold weights for in SMRF and 504 in SPY, against full books of 73 and 505.
What only one of them owns
Our book lists 477 positions for SPY that do not appear in our book for SMRF (90.4% of the fund), and 25 for SMRF that do not appear in SPY (36.3%).
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 SMRF | Weight in SPY | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 1.41% | 2.66% | 1.25% |
| GEVGe Vernova, Inc. | 3.60% | 0.37% | 3.23% |
| MUMicron Technology, Inc. | 1.52% | 1.60% | 0.08% |
| AMDAdvanced Micro Devices Inc | 0.89% | 1.14% | 0.25% |
| LITELumentum Holdings Inc | 1.77% | 0.10% | 1.67% |
| SMCISuper Micro Computer Inc Common Stock USD.001 | 1.77% | 0.03% | 1.74% |
| SNDKSandisk Corp/De | 1.33% | 0.35% | 0.98% |
| STXSeagate Technology Holdings Plc | 1.40% | 0.28% | 1.12% |
| DUKDuke Energy Corp | 1.39% | 0.14% | 1.25% |
| CEGConstellation Energy Corporation Com | 1.38% | 0.14% | 1.24% |
24.4% of SMRF 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, SMRF or SPY?
SMRF has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
What is the holdings overlap between SMRF and SPY?
24.4% of SMRF's money is in holdings SPY also owns. 8.9% of SPY's is in holdings SMRF also owns. They hold 20 positions in common, counted across the 73 positions we hold weights for in SMRF and 504 in SPY.
Which pays a higher dividend, SMRF or SPY?
SMRF yields 0.61% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SMRF?
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 43.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.