SPCT vs SPY
Liberty One Spectrum 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 505 holdings.
Side-by-Side Comparison
| Metric | SPCT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $69M | $814.4B | |
| Dividend Yield | 0.77% | 1.01% | |
| Holdings | 52 | 505 | |
| YTD Return | +8.72% | +12.10% | |
| 1Y Return | +10.58% | +20.30% | |
| 3Y Return (annualized) | - | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | 11.3% | 15.3% | |
| Max Drawdown | -7.2% | -56.5% | |
| Fund Family | Liberty One Investment Management, LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2025 | Jan 22, 1993 |
SPCT vs SPY Performance
Liberty One Spectrum ETF (SPCT) is a ETF from Liberty One Investment Management, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPCT returned +10.58% while SPY returned +20.30%. Year to date, SPCT is up 8.72% versus a gain of 12.10% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.3% for SPCT. 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 -7.2% for SPCT 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPCT charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, SPCT currently yields 0.77% against 1.01% for SPY.
Holdings Overlap
SPCT and SPY share 45 holdings out of 510 unique holdings combined, representing a 27.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPCT or SPY?
SPCT has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, SPCT or SPY?
Over the past year SPCT returned +10.58% vs +20.30% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SPCT or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.3% for SPCT. Worst drawdown: SPCT -7.2% vs SPY -56.5%.
Should I hold both SPCT and SPY?
SPCT and SPY have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPCT and SPY?
SPCT and SPY share 45 common holdings with a 27.4% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, SPCT or SPY?
SPCT yields 0.77% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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