SPCX vs SPY
The SPAC and New Issue 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 | SPCX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 2.32% | 0.09% | |
| AUM | $7M | $789.1B | |
| Dividend Yield | 16.50% | 1.01% | |
| Holdings | 42 | 505 | |
| YTD Return | -9.20% | +13.68% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -46.4% | -56.5% | |
| Fund Family | AXS Investments | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 15, 2020 | Jan 22, 1993 |
SPCX vs SPY Performance
The SPAC and New Issue ETF (SPCX) is a ETF from AXS Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, SPCX is down 9.20% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -46.4% for SPCX 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
SPCX charges 2.32% per year while SPY charges 0.09%. On a $10,000 position that is $232 vs $9 annually, a gap of $223 per year that compounds over a long holding period. On income, SPCX currently yields 16.50% against 1.01% for SPY.
Holdings Overlap
SPCX and SPY share 0 holdings out of 539 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, SPCX or SPY?
SPCX has an expense ratio of 2.32% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $223 per year of difference.
What is the holdings overlap between SPCX and SPY?
SPCX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, SPCX or SPY?
SPCX yields 16.50% while SPY yields 1.01%, so SPCX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.