SMRF vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricSMRFSPYWinner
Expense Ratio0.65%0.09%
AUM$15M$789.1B
Dividend Yield0.28%1.01%
Holdings74505
YTD Return-1.45%+13.39%
1Y Return-+22.52%
3Y Return (annualized)-+21.36%
5Y Return (annualized)-+13.19%
Volatility (annualized)-15.3%
Max Drawdown-26.2%-56.5%
Fund FamilyALPS AdvisorsState Street Investment Management
CategoryEquityEquity
InceptionFeb 18, 2026Jan 22, 1993

SMRF vs SPY Performance

ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) is a ETF from ALPS Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, SMRF is down 1.45% versus a gain of 13.39% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -26.2% for SMRF and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

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 0.28% against 1.01% for SPY.

Holdings Overlap

7.9%overlap

SMRF and SPY share 20 holdings out of 557 unique holdings combined, representing a 7.9% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SMRFWeight in SPYDifference
GEV4.37%0.48%3.89%
AVGO1.55%2.73%1.18%
MU1.76%1.71%0.05%
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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. On a $10,000 investment, that is $56 per year of difference.

What is the holdings overlap between SMRF and SPY?

SMRF and SPY share 20 common holdings with a 7.9% weight overlap. Combined, they hold 557 unique securities.

Which pays a higher dividend, SMRF or SPY?

SMRF yields 0.28% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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