SPY vs TAOZ
State Street SPDR S&P 500 ETF Trust vs Thornburg American Opportunities Fund 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 | TAOZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.79% | |
| AUM | $821.1B | $9M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 43 | |
| YTD Return | +12.71% | +14.74% | |
| 1Y Return | +20.53% | - | |
| 3Y Return (annualized) | +21.60% | - | |
| 5Y Return (annualized) | +12.79% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -3.9% | |
| Fund Family | State Street Investment Management | Thornburg Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Apr 1, 2026 |
SPY vs TAOZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Thornburg American Opportunities Fund ETF (TAOZ) is a ETF from Thornburg Investment Management. Year to date, SPY is up 12.71% versus a gain of 14.74% for TAOZ.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -3.9% for TAOZ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while TAOZ charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TAOZ.
Holdings Overlap
SPY and TAOZ share 22 holdings out of 525 unique holdings combined, representing a 9.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TAOZ?
SPY has an expense ratio of 0.09% while TAOZ charges 0.79%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
What is the holdings overlap between SPY and TAOZ?
SPY and TAOZ share 22 common holdings with a 9.1% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, SPY or TAOZ?
SPY yields 1.01% while TAOZ yields 0.00%, so SPY currently pays the higher dividend yield.
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