SPDF vs SPY
Defender Risk Adaptive 500 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPDF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.09% | |
| AUM | $22M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +10.72% | +13.79% | |
| 1Y Return | - | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -4.4% | -56.5% | |
| Fund Family | Tamarisk Capital Management, LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 14, 2026 | Jan 22, 1993 |
SPDF vs SPY Performance
Defender Risk Adaptive 500 ETF (SPDF) is a ETF from Tamarisk Capital Management, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, SPDF is up 10.72% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.4% for SPDF 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
SPDF charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, SPDF currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
SPDF and SPY share 0 holdings out of 505 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, SPDF or SPY?
SPDF has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
What is the holdings overlap between SPDF and SPY?
SPDF and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPDF or SPY?
SPDF yields 0.00% while SPY yields 1.01%, so SPY 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.