SPY vs TCPB
State Street SPDR S&P 500 ETF Trust vs Thrivent Core Plus Bond 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 | TCPB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.39% | |
| AUM | $789.1B | $470M | |
| Dividend Yield | 1.01% | 5.16% | |
| Holdings | 505 | 462 | |
| YTD Return | +14.47% | +0.41% | |
| 1Y Return | +21.96% | +3.08% | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 3.3% | |
| Max Drawdown | -56.5% | -2.7% | |
| Fund Family | State Street Investment Management | Thrivent Funds | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 19, 2025 |
SPY vs TCPB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Thrivent Core Plus Bond ETF (TCPB) is a ETF from Thrivent Funds. Over the past year SPY returned +21.96% while TCPB returned +3.08%. Year to date, SPY is up 14.47% versus a gain of 0.41% for TCPB.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.3% for TCPB. 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 -2.7% for TCPB. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TCPB charges 0.39%. On a $10,000 position that is $9 vs $39 annually, a gap of $30 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.16% for TCPB.
Holdings Overlap
SPY and TCPB share 1 holdings out of 747 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TCPB | Difference |
|---|---|---|---|
| AON | 0.12% | 0.17% | 0.05% |
Frequently Asked Questions
Which is cheaper, SPY or TCPB?
SPY has an expense ratio of 0.09% while TCPB charges 0.39%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, SPY or TCPB?
Over the past year SPY returned +21.96% vs +3.08% for TCPB, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.87% vs +4.52% for TCPB. Past performance does not guarantee future results.
Which is riskier, SPY or TCPB?
SPY has been the more volatile fund at 15.3% annualized versus 3.3% for TCPB. Worst drawdown: SPY -56.5% vs TCPB -2.7%.
Should I hold both SPY and TCPB?
SPY and TCPB have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TCPB?
SPY and TCPB share 1 common holdings with a 0.1% weight overlap. Combined, they hold 747 unique securities.
Which pays a higher dividend, SPY or TCPB?
SPY yields 1.01% while TCPB yields 5.16%, so TCPB 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.