SPY vs TDI
State Street SPDR S&P 500 ETF Trust vs Touchstone Dynamic International ETF
Quick Verdict
SPY has a lower expense ratio. TDI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TDI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.65% | |
| AUM | $789.1B | $394M | |
| Dividend Yield | 1.01% | 1.68% | |
| Holdings | 505 | 120 | |
| YTD Return | +14.47% | +20.46% | |
| 1Y Return | +21.96% | +34.24% | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 12.6% | |
| Max Drawdown | -56.5% | -15.0% | |
| Fund Family | State Street Investment Management | Touchstone Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Dec 8, 2023 |
SPY vs TDI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Touchstone Dynamic International ETF (TDI) is a ETF from Touchstone Investments. Over the past year SPY returned +21.96% while TDI returned +34.24%. Year to date, SPY is up 14.47% versus a gain of 20.46% for TDI.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.6% for TDI. 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 -15.0% for TDI. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TDI charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.68% for TDI.
Holdings Overlap
SPY and TDI share 1 holdings out of 610 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 TDI | Difference |
|---|---|---|---|
| DTEG.N:BE | 0.05% | 1.21% | 1.16% |
Frequently Asked Questions
Which is cheaper, SPY or TDI?
SPY has an expense ratio of 0.09% while TDI charges 0.65%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, SPY or TDI?
Over the past year SPY returned +21.96% vs +34.24% for TDI, so TDI leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.87% vs +28.07% for TDI. Past performance does not guarantee future results.
Which is riskier, SPY or TDI?
SPY has been the more volatile fund at 15.3% annualized versus 12.6% for TDI. Worst drawdown: SPY -56.5% vs TDI -15.0%.
Should I hold both SPY and TDI?
SPY and TDI have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TDI?
SPY and TDI share 1 common holdings with a 0.1% weight overlap. Combined, they hold 610 unique securities.
Which pays a higher dividend, SPY or TDI?
SPY yields 1.01% while TDI yields 1.68%, so TDI currently pays the higher dividend yield.
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