SPY vs TCHI
State Street SPDR S&P 500 ETF Trust vs iShares MSCI China Multisector Tech ETF
Which is better, SPY or TCHI?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. TCHI is less concentrated, with 36.5% 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 | SPY | TCHI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.59% |
| AUM | $804.7B | $44M |
| Dividend Yield | 0.98% | 2.30% |
| Holdings | 505 | 196 |
| YTD Return | +12.66%Best | -9.76% |
| 1Y Return | +16.31%Best | -16.61% |
| 3Y Return (annualized) | +22.83%Best | +11.10% |
| 5Y Return (annualized) | +13.49% | - |
| Volatility (annualized) | 15.6%Best | 32.0% |
| Max Drawdown | -22.1%Best | -44.0% |
| $10,000 over 4.7 years | $18,066Best | $9,548 |
| Top 10 Weight | 37.8% | 36.5%Best |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Jan 25, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Feb 1, 2022 to Sep 28, 2026 (4.7 years).
SPY vs TCHI 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 4.7 years both funds cover.
SPY vs TCHI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and iShares MSCI China Multisector Tech ETF (TCHI) is an ETF from iShares by BlackRock (US). Over the past year SPY returned +16.31% while TCHI returned -16.61%. Year to date, SPY is up 12.66% versus a loss of 9.76% for TCHI.
Over three years, SPY compounded at +22.83% per year against +11.10% for TCHI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCHI has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 15.6% 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 -22.1% for SPY and -44.0% for TCHI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TCHI charges 0.59%. On a $10,000 position that is $9 vs $59 annually, a gap of $50 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.30% for TCHI.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 196 in TCHI, totalling 99.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 196 in TCHI, against full books of 505 and 196.
What only one of them owns
Our book lists 2 positions for TCHI that do not appear in our book for SPY (0.8% of the fund), and 497 for SPY that do not appear in TCHI (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of SPY and TCHI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TCHI?
SPY has an expense ratio of 0.09% while TCHI charges 0.59%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, SPY or TCHI?
Over the past year SPY returned +16.31% vs -16.61% for TCHI, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TCHI?
TCHI has been the more volatile fund at 32.0% annualized versus 15.6% for SPY. Worst drawdown: SPY -22.1% vs TCHI -44.0%.
Should I hold both SPY and TCHI?
SPY and TCHI have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TCHI?
SPY yields 0.98% while TCHI yields 2.30%, so TCHI currently pays the higher dividend yield.
Is TCHI better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. TCHI is less concentrated, with 36.5% 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.