SPTM vs SPY
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPTM or SPY?
Nearly the same fund. SPTM costs less.
SPTM has a lower expense ratio. SPTM led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SPTM is less concentrated, with 34.9% of the fund in its ten largest positions against 37.8%.
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 | SPTM | SPY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.09% |
| AUM | $14.1B | $804.7B |
| Dividend Yield | 1.04% | 0.98% |
| Holdings | 1,517 | 505 |
| YTD Return | +12.34%Best | +12.09% |
| 1Y Return | +16.32%Best | +16.29% |
| 3Y Return (annualized) | +20.69% | +21.20%Best |
| 5Y Return (annualized) | +13.02% | +13.37%Best |
| Volatility (annualized) | 14.8% | 14.6%Best |
| Max Drawdown | -35.1% | -34.1%Best |
| $10,000 over 5 years | $18,441 | $18,728Best |
| Top 10 Weight | 34.9%Best | 37.8% |
| Fund Family | State Street Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 4, 2000 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Sep 18, 2026 (12.6 years).
SPTM 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 12.6 years both funds cover.
SPTM vs SPY Performance
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) 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 SPTM returned +16.32% while SPY returned +16.29%. Year to date, SPTM is up 12.34% versus a gain of 12.09% for SPY.
Over three years, SPTM compounded at +20.69% per year against +21.20% for SPY; over five years the annualized figures are +13.02% and +13.37% respectively. Across the full 13-year window we track, SPY has the edge at +12.60% annualized vs +12.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPTM has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.6% 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 -35.1% for SPTM and -34.1% 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 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 1.04% against 0.98% for SPY.
Holdings Overlap
91.5% of SPTM's money is in holdings SPY also owns. 99.0% of SPY's money is in holdings SPTM also owns.
Most of SPY is already inside SPTM. Owning both mostly buys the same companies twice.
500 positions in common, counted across the 1,500 positions we hold weights for in SPTM and 504 in SPY, against full books of 1,517 and 505.
What only one of them owns
Our book lists 4 positions for SPY that do not appear in our book for SPTM (0.9% of the fund), and 531 for SPTM that do not appear in SPY (7.3%).
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 SPTM | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.33% | 8.01% | 0.68% |
| AAPLApple, Inc | 6.54% | 7.26% | 0.72% |
| MSFTMicrosoft Corp | 5.31% | 5.66% | 0.35% |
| AMZNAmazon.Com Inc | 3.63% | 3.79% | 0.16% |
| GOOGLAlphabet Inc,class A | 2.83% | 2.99% | 0.16% |
| AVGOBroadcom Inc | 2.43% | 2.66% | 0.23% |
| GOOGAlphabet Inc | 2.25% | 2.39% | 0.14% |
| METAMeta Platforms Inc | 1.76% | 1.93% | 0.17% |
| MUMicron Technology, Inc. | 1.46% | 1.60% | 0.14% |
| TSLATesla Inc | 1.36% | 1.52% | 0.16% |
99.0% of SPY is already inside SPTM.
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, SPTM or SPY?
SPTM has an expense ratio of 0.03% while SPY charges 0.09%. SPTM is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPTM or SPY?
Over the past year SPTM returned +16.32% vs +16.29% for SPY, so SPTM leads on 1-year performance. Over the longest common window we track (13 years), SPTM annualized +12.23% vs +12.60% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPTM or SPY?
SPTM has been the more volatile fund at 14.8% annualized versus 14.6% for SPY. Worst drawdown: SPTM -35.1% vs SPY -34.1%.
Should I hold both SPTM and SPY?
SPTM and SPY have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPTM and SPY?
99.0% of SPY's money is in holdings SPTM also owns. 99.0% of SPY's is in holdings SPTM also owns. They hold 500 positions in common, counted across the 1,500 positions we hold weights for in SPTM and 504 in SPY.
Which pays a higher dividend, SPTM or SPY?
SPTM yields 1.04% while SPY yields 0.98%, so SPTM currently pays the higher dividend yield.
Is SPY better than SPTM?
SPTM has a lower expense ratio. SPTM led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. SPTM is less concentrated, with 34.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.