SPY vs TDI
State Street SPDR S&P 500 ETF Trust vs Touchstone Dynamic International ETF
Which is better, SPY or TDI?
TDI has been ahead.
SPY has a lower expense ratio. TDI led over 1Y and the full window. TDI is less concentrated, with 24.6% of the fund in its ten largest positions against 38.0%.
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 | TDI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.65% |
| AUM | $804.7B | $451M |
| Dividend Yield | 0.98% | 1.59% |
| Holdings | 505 | 124 |
| YTD Return | +11.52% | +18.98%Best |
| 1Y Return | +17.48% | +29.21%Best |
| 3Y Return (annualized) | +20.62% | - |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 11.9%Best | 12.5% |
| Max Drawdown | -18.8% | -15.0%Best |
| $10,000 over 2.7 years | $16,809 | $18,913Best |
| Top 10 Weight | 38.0% | 24.6%Best |
| Fund Family | State Street Investment Management | Touchstone Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Dec 8, 2023 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 11, 2023 to Sep 10, 2026 (2.7 years).
SPY vs TDI 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 2.7 years both funds cover.
SPY vs TDI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Touchstone Dynamic International ETF (TDI) is an ETF from Touchstone Investments. Over the past year SPY returned +17.48% while TDI returned +29.21%. Year to date, SPY is up 11.52% versus a gain of 18.98% for TDI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TDI has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 11.9% 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 -18.8% for SPY and -15.0% for TDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
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 0.98% against 1.59% for TDI.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 109 in TDI, totalling 100.0% and 99.6% 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 109 in TDI, against full books of 505 and 124.
What only one of them owns
Our book lists 3 positions for TDI that do not appear in our book for SPY (4.4% of the fund), and 494 for SPY that do not appear in TDI (99.5%).
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 TDI 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 TDI?
SPY has an expense ratio of 0.09% while TDI charges 0.65%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, SPY or TDI?
Over the past year SPY returned +17.48% vs +29.21% for TDI, so TDI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TDI?
TDI has been the more volatile fund at 12.5% annualized versus 11.9% for SPY. Worst drawdown: SPY -18.8% vs TDI -15.0%.
Should I hold both SPY and TDI?
SPY and TDI have a monthly-return correlation of 0.60, 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 TDI?
SPY yields 0.98% while TDI yields 1.59%, so TDI currently pays the higher dividend yield.
Is TDI better than SPY?
SPY has a lower expense ratio. TDI led over 1Y and the full window. TDI is less concentrated, with 24.6% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.