SPTM vs SPY
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPTM has a lower expense ratio. SPTM offers more diversification with 1,515 holdings.
Side-by-Side Comparison
| Metric | SPTM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $14.1B | $821.1B | |
| Dividend Yield | 1.06% | 1.01% | |
| Holdings | 1,515 | 505 | |
| YTD Return | +13.77% | +13.47% | |
| 1Y Return | +20.57% | +20.57% | |
| 3Y Return (annualized) | +21.25% | +21.83% | |
| 5Y Return (annualized) | +12.48% | +12.88% | |
| Volatility (annualized) | 14.9% | 15.3% | |
| Max Drawdown | -35.1% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 4, 2000 | Jan 22, 1993 |
SPTM vs SPY Performance
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPTM returned +20.57% while SPY returned +20.57%. Year to date, SPTM is up 13.77% versus a gain of 13.47% for SPY.
Over three years, SPTM compounded at +21.25% per year against +21.83% for SPY; over five years the annualized figures are +12.48% and +12.88% respectively. Across the full 13-year window we track, SPTM has the edge at +12.40% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.9% for SPTM. 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 -35.1% for SPTM and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPTM charges 0.03% per year while SPY charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, SPTM currently yields 1.06% against 1.01% for SPY.
Holdings Overlap
SPTM and SPY share 499 holdings out of 1512 unique holdings combined, representing a 90.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPTM or SPY?
SPTM has an expense ratio of 0.03% while SPY charges 0.09%. SPTM is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SPTM or SPY?
Over the past year SPTM returned +20.57% vs +20.57% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (13 years), SPTM annualized +12.40% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, SPTM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.9% for SPTM. Worst drawdown: SPTM -35.1% vs SPY -56.5%.
Should I hold both SPTM and SPY?
SPTM and SPY have a monthly-return correlation of 1.00, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPTM and SPY?
SPTM and SPY share 499 common holdings with a 90.3% weight overlap. Combined, they hold 1512 unique securities.
Which pays a higher dividend, SPTM or SPY?
SPTM yields 1.06% while SPY yields 1.01%, so SPTM currently pays the higher dividend yield.
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