SPY vs SROI
State Street SPDR S&P 500 ETF Trust vs Calamos Antetokounmpo Global Sustainable Equities ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | SROI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.95% | |
| AUM | $821.1B | $19M | |
| Dividend Yield | 1.01% | 0.55% | |
| Holdings | 505 | 126 | |
| YTD Return | +12.22% | +11.81% | |
| 1Y Return | +20.83% | +17.73% | |
| 3Y Return (annualized) | +21.70% | +15.21% | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | 12.3% | |
| Max Drawdown | -56.5% | -15.9% | |
| Fund Family | State Street Investment Management | Calamos Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Feb 3, 2023 |
SPY vs SROI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Calamos Antetokounmpo Global Sustainable Equities ETF (SROI) is a ETF from Calamos Investments. Over the past year SPY returned +20.83% while SROI returned +17.73%. Year to date, SPY is up 12.22% versus a gain of 11.81% for SROI.
Over three years, SPY compounded at +21.70% per year against +15.21% for SROI. Across the full 4-year window we track, SROI has the edge at +13.29% annualized vs +8.79%. 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 12.3% for SROI. 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 -56.5% for SPY and -15.9% for SROI. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while SROI charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.55% for SROI.
Holdings Overlap
SPY and SROI share 56 holdings out of 567 unique holdings combined, representing a 31.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or SROI?
SPY has an expense ratio of 0.09% while SROI charges 0.95%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SPY or SROI?
Over the past year SPY returned +20.83% vs +17.73% for SROI, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.79% vs +13.29% for SROI. Past performance does not guarantee future results.
Which is riskier, SPY or SROI?
SPY has been the more volatile fund at 15.3% annualized versus 12.3% for SROI. Worst drawdown: SPY -56.5% vs SROI -15.9%.
Should I hold both SPY and SROI?
SPY and SROI have a monthly-return correlation of 0.91, 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 SPY and SROI?
SPY and SROI share 56 common holdings with a 31.9% weight overlap. Combined, they hold 567 unique securities.
Which pays a higher dividend, SPY or SROI?
SPY yields 1.01% while SROI yields 0.55%, so SPY currently pays the higher dividend yield.
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