SPY vs TCHI
State Street SPDR S&P 500 ETF Trust vs iShares MSCI China Multisector Tech 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 | TCHI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.59% | |
| AUM | $821.1B | $46M | |
| Dividend Yield | 1.01% | 2.36% | |
| Holdings | 505 | 196 | |
| YTD Return | +14.24% | -0.61% | |
| 1Y Return | +21.71% | +11.90% | |
| 3Y Return (annualized) | +22.10% | +13.85% | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 32.2% | |
| Max Drawdown | -56.5% | -44.0% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jan 25, 2022 |
SPY vs TCHI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and iShares MSCI China Multisector Tech ETF (TCHI) is a ETF from iShares by BlackRock (US). Over the past year SPY returned +21.71% while TCHI returned +11.90%. Year to date, SPY is up 14.24% versus a loss of 0.61% for TCHI.
Over three years, SPY compounded at +22.10% per year against +13.85% for TCHI. Across the full 5-year window we track, SPY has the edge at +8.86% annualized vs +1.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCHI has been the more volatile fund, with annualized monthly volatility of 32.2% compared with 15.3% 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 -56.5% for SPY and -44.0% for TCHI. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.01% against 2.36% for TCHI.
Holdings Overlap
SPY and TCHI share 0 holdings out of 694 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 TCHI?
SPY has an expense ratio of 0.09% while TCHI charges 0.59%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, SPY or TCHI?
Over the past year SPY returned +21.71% vs +11.90% for TCHI, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.86% vs +1.12% for TCHI. Past performance does not guarantee future results.
Which is riskier, SPY or TCHI?
TCHI has been the more volatile fund at 32.2% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TCHI -44.0%.
Should I hold both SPY and TCHI?
SPY and TCHI have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TCHI?
SPY and TCHI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 694 unique securities.
Which pays a higher dividend, SPY or TCHI?
SPY yields 1.01% while TCHI yields 2.36%, so TCHI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.