SPRX vs SPY
Spear Alpha ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPRX or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 67.1%.
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 | SPRX | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $214M | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 28 | 505 |
| YTD Return | +13.99%Best | +12.71% |
| 1Y Return | +29.81%Best | +19.36% |
| 3Y Return (annualized) | +34.84%Best | +21.09% |
| 5Y Return (annualized) | +16.96%Best | +12.69% |
| Volatility (annualized) | 38.8% | 15.8%Best |
| Max Drawdown | -51.2% | -24.5%Best |
| $10,000 over 5 years | $21,887Best | $18,173 |
| Top 10 Weight | 67.1% | 38.0%Best |
| Fund Family | Spear | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Aug 3, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Aug 4, 2021 to Sep 8, 2026 (5.1 years).
SPRX 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 5.1 years both funds cover.
SPRX vs SPY Performance
Spear Alpha ETF (SPRX) is an ETF from Spear and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPRX returned +29.81% while SPY returned +19.36%. Year to date, SPRX is up 13.99% versus a gain of 12.71% for SPY.
Over three years, SPRX compounded at +34.84% per year against +21.09% for SPY; over five years the annualized figures are +16.96% and +12.69% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 38.8% compared with 15.8% for SPY. 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 -51.2% for SPRX and -24.5% 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPRX charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, SPRX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
40.1% of SPRX's money is in holdings SPY also owns. 5.9% of SPY's money is in holdings SPRX also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 31 positions we hold weights for in SPRX and 503 in SPY, against full books of 28 and 505.
What only one of them owns
Our book lists 480 positions for SPY that do not appear in our book for SPRX (93.5% of the fund), and 15 for SPRX that do not appear in SPY (52.5%).
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 SPRX | Weight in SPY | Difference |
|---|---|---|---|
| LRCXLam Resh Corp | 7.88% | 0.60% | 7.28% |
| COHRCoherent Corp. | 7.91% | 0.10% | 7.81% |
| LITELumentum Holdings Inc | 6.32% | 0.10% | 6.22% |
| KLACKla Corp. | 5.37% | 0.38% | 4.99% |
| TERTeradyne Inc | 3.69% | 0.09% | 3.60% |
| MRVLMarvell Technology Group Ltd. | 3.21% | 0.29% | 2.92% |
| SNDKSandisk Corp | 2.48% | 0.32% | 2.16% |
| METAMeta Platform Inc | 0.11% | 1.94% | 1.83% |
| AMDAdvanced Micro Devices Inc | 0.59% | 1.27% | 0.68% |
| ANETArista Networks Inc. | 1.24% | 0.30% | 0.94% |
40.1% of SPRX 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, SPRX or SPY?
SPRX has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, SPRX or SPY?
Over the past year SPRX returned +29.81% vs +19.36% for SPY, so SPRX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPRX or SPY?
SPRX has been the more volatile fund at 38.8% annualized versus 15.8% for SPY. Worst drawdown: SPRX -51.2% vs SPY -24.5%.
Should I hold both SPRX and SPY?
SPRX and SPY have a monthly-return correlation of 0.67, 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 SPRX and SPY?
40.1% of SPRX's money is in holdings SPY also owns. 5.9% of SPY's is in holdings SPRX also owns. They hold 13 positions in common, counted across the 31 positions we hold weights for in SPRX and 503 in SPY.
Which pays a higher dividend, SPRX or SPY?
SPRX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than SPRX?
SPY has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 67.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.