SPDG vs SPY
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPDG or SPY?
Large Cap Value against Large Cap Blend.
SPDG has a lower expense ratio. SPDG led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 42.0%.
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 | SPDG | SPY |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.09% |
| AUM | $13M | $804.7B |
| Dividend Yield | 2.68% | 0.98% |
| Holdings | 277 | 505 |
| YTD Return | +13.21%Best | +10.96% |
| 1Y Return | +18.11%Best | +15.52% |
| 3Y Return (annualized) | +18.00% | +20.73%Best |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 11.9%Best | 12.5% |
| Max Drawdown | -15.7%Best | -18.8% |
| $10,000 over 3 years | $16,359 | $17,510Best |
| Top 10 Weight | 42.0% | 37.8%Best |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 11, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 12, 2023 to Sep 16, 2026 (3 years).
SPDG 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 years both funds cover.
SPDG vs SPY Performance
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is an ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPDG returned +18.11% while SPY returned +15.52%. Year to date, SPDG is up 13.21% versus a gain of 10.96% for SPY.
Over three years, SPDG compounded at +18.00% per year against +20.73% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 11.9% for SPDG. 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 -15.7% for SPDG 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPDG charges 0.05% per year while SPY charges 0.09%. On a $10,000 position that is $5 vs $9 annually, a gap of $4 per year that compounds over a long holding period. On income, SPDG currently yields 2.68% against 0.98% for SPY.
Holdings Overlap
92.9% of SPDG's money is in holdings SPY also owns. 18.9% of SPY's money is in holdings SPDG also owns.
Most of SPDG is already inside SPY. Owning both mostly buys the same companies twice.
141 positions in common, counted across the 274 positions we hold weights for in SPDG and 504 in SPY, against full books of 277 and 505.
What only one of them owns
Our book lists 357 positions for SPY that do not appear in our book for SPDG (80.6% of the fund), and 131 for SPDG that do not appear in SPY (6.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPDG | Weight in SPY | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 7.94% | 0.66% | 7.28% |
| VZVerizon Communic | 6.29% | 0.32% | 5.97% |
| IBMInternational Business Machines Corp. | 5.22% | 0.33% | 4.89% |
| TXNTexas Instrument Inc | 4.18% | 0.35% | 3.83% |
| HDHome Depot Inc/The | 3.52% | 0.48% | 3.04% |
| QCOMQualcomm Inc. | 3.29% | 0.27% | 3.02% |
| GLWCorning Inc. | 3.36% | 0.17% | 3.19% |
| ADIAnalog Devices, Inc. | 3.15% | 0.26% | 2.89% |
| CMCSAComcast Corp-class A Cmcsa | 3.12% | 0.14% | 2.98% |
| JNJJohnson & Johnson - Common | 1.88% | 0.99% | 0.89% |
92.9% of SPDG is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPDG or SPY?
SPDG has an expense ratio of 0.05% while SPY charges 0.09%. SPDG is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SPDG or SPY?
Over the past year SPDG returned +18.11% vs +15.52% for SPY, so SPDG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPDG or SPY?
SPY has been the more volatile fund at 12.5% annualized versus 11.9% for SPDG. Worst drawdown: SPDG -15.7% vs SPY -18.8%.
Should I hold both SPDG and SPY?
SPDG and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPDG and SPY?
92.9% of SPDG's money is in holdings SPY also owns. 18.9% of SPY's is in holdings SPDG also owns. They hold 141 positions in common, counted across the 274 positions we hold weights for in SPDG and 504 in SPY.
Which pays a higher dividend, SPDG or SPY?
SPDG yields 2.68% while SPY yields 0.98%, so SPDG currently pays the higher dividend yield.
Is SPY better than SPDG?
SPDG has a lower expense ratio. SPDG led over 1Y, SPY over 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.