SNAV vs SPY
Mohr Sector Nav ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SNAV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.09% | |
| AUM | $29M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +11.85% | +13.68% | |
| 1Y Return | +16.89% | +21.53% | |
| 3Y Return (annualized) | +14.35% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 11.7% | 15.3% | |
| Max Drawdown | -16.6% | -56.5% | |
| Fund Family | Mohr Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 10, 2023 | Jan 22, 1993 |
SNAV vs SPY Performance
Mohr Sector Nav ETF (SNAV) is a ETF from Mohr Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SNAV returned +16.89% while SPY returned +21.53%. Year to date, SNAV is up 11.85% versus a gain of 13.68% for SPY.
Over three years, SNAV compounded at +14.35% per year against +21.44% for SPY. Across the full 4-year window we track, SNAV has the edge at +14.31% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.7% for SNAV. 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 -16.6% for SNAV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SNAV charges 1.59% per year while SPY charges 0.09%. On a $10,000 position that is $159 vs $9 annually, a gap of $150 per year that compounds over a long holding period. On income, SNAV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
SNAV and SPY share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SNAV or SPY?
SNAV has an expense ratio of 1.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $150 per year of difference.
Which performed better, SNAV or SPY?
Over the past year SNAV returned +16.89% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SNAV annualized +14.31% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SNAV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.7% for SNAV. Worst drawdown: SNAV -16.6% vs SPY -56.5%.
Should I hold both SNAV and SPY?
SNAV and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SNAV and SPY?
SNAV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, SNAV or SPY?
SNAV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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