SPTE vs SPY
SP Funds S&P Global Technology ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPTE or SPY?
SPTE has been ahead.
SPY has a lower expense ratio. SPTE led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 65.4%.
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 | SPTE | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $233M | $814.4B |
| Dividend Yield | 0.75% | 1.01% |
| Holdings | 106 | 505 |
| YTD Return | +33.71%Best | +13.78% |
| 1Y Return | +52.27%Best | +21.44% |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 22.0% | 11.8%Best |
| Max Drawdown | -25.6% | -18.8%Best |
| $10,000 over 2.8 years | $24,337Best | $17,571 |
| Top 10 Weight | 65.4% | 38.0%Best |
| Fund Family | SP Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 30, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 1, 2023 to Sep 3, 2026 (2.8 years).
SPTE 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 2.8 years both funds cover.
SPTE vs SPY Performance
SP Funds S&P Global Technology ETF (SPTE) is an ETF from SP Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPTE returned +52.27% while SPY returned +21.44%. Year to date, SPTE is up 33.71% versus a gain of 13.78% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPTE has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 11.8% 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 -25.6% for SPTE 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPTE charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, SPTE currently yields 0.75% against 1.01% for SPY.
Holdings Overlap
56.2% of SPTE's money is in holdings SPY also owns. 34.5% of SPY's money is in holdings SPTE also owns.
The two portfolios partly overlap.
59 positions in common, counted across the 103 positions we hold weights for in SPTE and 504 in SPY, against full books of 106 and 505.
What only one of them owns
Our book lists 437 positions for SPY that do not appear in our book for SPTE (64.9% of the fund), and 12 for SPTE that do not appear in SPY (3.8%).
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 SPTE | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 12.25% | 7.71% | 4.54% |
| AAPLApple, Inc | 11.21% | 6.83% | 4.38% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 8.78% | 5.50% | 3.28% |
| AVGOBroadcom Inc | 4.57% | 2.97% | 1.60% |
| MUMicron Technology, Inc. | 2.71% | 1.51% | 1.20% |
| AMDAdvanced Micro Devices Inc | 2.03% | 1.27% | 0.76% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.13% | 0.72% | 0.41% |
| AMATApplied Materials, Inc. | 1.04% | 0.65% | 0.39% |
| LRCXLam Research Corp | 1.05% | 0.60% | 0.45% |
| PANWPalo Alto Networks, Inc | 0.78% | 0.45% | 0.33% |
56.2% of SPTE 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, SPTE or SPY?
SPTE has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, SPTE or SPY?
Over the past year SPTE returned +52.27% vs +21.44% for SPY, so SPTE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPTE or SPY?
SPTE has been the more volatile fund at 22.0% annualized versus 11.8% for SPY. Worst drawdown: SPTE -25.6% vs SPY -18.8%.
Should I hold both SPTE and SPY?
SPTE and SPY have a monthly-return correlation of 0.85, 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 SPTE and SPY?
56.2% of SPTE's money is in holdings SPY also owns. 34.5% of SPY's is in holdings SPTE also owns. They hold 59 positions in common, counted across the 103 positions we hold weights for in SPTE and 504 in SPY.
Which pays a higher dividend, SPTE or SPY?
SPTE yields 0.75% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than SPTE?
SPY has a lower expense ratio. SPTE led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 65.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.