SNAV vs SPY
Mohr Sector Nav ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SNAV or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 100.0%.
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 | SNAV | SPY |
|---|---|---|
| Expense Ratio | 1.59% | 0.09%Best |
| AUM | $31M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 11 | 505 |
| YTD Return | +11.37% | +12.99%Best |
| 1Y Return | +13.03% | +16.73%Best |
| 3Y Return (annualized) | +15.69% | +22.52%Best |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 11.6%Best | 12.4% |
| Max Drawdown | -16.6%Best | -18.8% |
| $10,000 over 3.7 years | $16,086 | $20,306Best |
| Top 10 Weight | 100.0% | 37.8%Best |
| Fund Family | Mohr Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 10, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 11, 2023 to Sep 23, 2026 (3.7 years).
SNAV 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 3.7 years both funds cover.
SNAV vs SPY Performance
Mohr Sector Nav ETF (SNAV) is an ETF from Mohr Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SNAV returned +13.03% while SPY returned +16.73%. Year to date, SNAV is up 11.37% versus a gain of 12.99% for SPY.
Over three years, SNAV compounded at +15.69% per year against +22.52% for SPY. Across the full 4-year window we track, SPY has the edge at +21.10% annualized vs +13.71%.
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 11.6% 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 -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 0.93. 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 0.98% for SPY.
Holdings Overlap
We hold position weights for 10 holdings in SNAV and 504 in SPY, totalling 100.0% and 99.9% 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 10 positions we hold weights for in SNAV and 504 in SPY, against full books of 11 and 505.
What only one of them owns
Measured across the 10 and 504 positions we hold weights for.
SPY holds 497 positions SNAV does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of SNAV 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, SNAV or SPY?
SNAV has an expense ratio of 1.59% while SPY charges 0.09%. SPY is the cheaper option, by $150 a year on a $10,000 investment.
Which performed better, SNAV or SPY?
Over the past year SNAV returned +13.03% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SNAV annualized +13.71% vs +21.10% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SNAV or SPY?
SPY has been the more volatile fund at 12.4% annualized versus 11.6% for SNAV. Worst drawdown: SNAV -16.6% vs SPY -18.8%.
Should I hold both SNAV and SPY?
SNAV and SPY have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SNAV or SPY?
SNAV yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SNAV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 100.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.