SPY vs TACK
State Street SPDR S&P 500 ETF Trust vs Fairlead Tactical Sector ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TACK | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.70% | |
| AUM | $789.1B | $289M | |
| Dividend Yield | 1.01% | 1.31% | |
| Holdings | 505 | 11 | |
| YTD Return | +13.75% | +8.86% | |
| 1Y Return | +22.91% | +15.22% | |
| 3Y Return (annualized) | +21.67% | +12.84% | |
| 5Y Return (annualized) | +13.32% | - | |
| Volatility (annualized) | 15.3% | 10.2% | |
| Max Drawdown | -56.5% | -14.5% | |
| Fund Family | State Street Investment Management | Capitol Series Trust | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Mar 22, 2022 |
SPY vs TACK Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Fairlead Tactical Sector ETF (TACK) is a ETF from Capitol Series Trust. Over the past year SPY returned +22.91% while TACK returned +15.22%. Year to date, SPY is up 13.75% versus a gain of 8.86% for TACK.
Over three years, SPY compounded at +21.67% per year against +12.84% for TACK. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +7.54%. 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 10.2% for TACK. 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 -14.5% for TACK. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TACK charges 0.70%. On a $10,000 position that is $9 vs $70 annually, a gap of $61 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.31% for TACK.
Holdings Overlap
SPY and TACK share 0 holdings out of 511 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TACK?
SPY has an expense ratio of 0.09% while TACK charges 0.70%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, SPY or TACK?
Over the past year SPY returned +22.91% vs +15.22% for TACK, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.85% vs +7.54% for TACK. Past performance does not guarantee future results.
Which is riskier, SPY or TACK?
SPY has been the more volatile fund at 15.3% annualized versus 10.2% for TACK. Worst drawdown: SPY -56.5% vs TACK -14.5%.
Should I hold both SPY and TACK?
SPY and TACK have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TACK?
SPY and TACK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, SPY or TACK?
SPY yields 1.01% while TACK yields 1.31%, so TACK currently pays the higher dividend yield.
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