SPY vs TDVI
State Street SPDR S&P 500 ETF Trust vs FT Vest Technology Dividend Target Income ETF
Which is better, SPY or TDVI?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.9%.
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 | TDVI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.75% |
| AUM | $804.7B | $567M |
| Dividend Yield | 0.98% | 7.43% |
| Holdings | 505 | 97 |
| YTD Return | +11.52% | +14.35%Best |
| 1Y Return | +17.48%Best | +13.23% |
| 3Y Return (annualized) | +20.62%Best | +15.64% |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 12.9%Best | 22.8% |
| Max Drawdown | -18.8%Best | -25.9% |
| $10,000 over 3.1 years | $17,689Best | $15,754 |
| Top 10 Weight | 38.0%Best | 50.9% |
| Fund Family | State Street Investment Management | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Aug 9, 2023 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 10, 2023 to Sep 10, 2026 (3.1 years).
SPY vs TDVI 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 3.1 years both funds cover.
SPY vs TDVI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and FT Vest Technology Dividend Target Income ETF (TDVI) is an ETF from First Trust Portfolios (US). Over the past year SPY returned +17.48% while TDVI returned +13.23%. Year to date, SPY is up 11.52% versus a gain of 14.35% for TDVI.
Over three years, SPY compounded at +20.62% per year against +15.64% for TDVI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TDVI has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 12.9% 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 -25.9% for TDVI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TDVI charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 7.43% for TDVI.
Holdings Overlap
14.6% of SPY's money is in holdings TDVI also owns. 77.5% of TDVI's money is in holdings SPY also owns.
Most of TDVI is already inside SPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 504 positions we hold weights for in SPY and 93 in TDVI, against full books of 505 and 97.
What only one of them owns
Our book lists 37 positions for TDVI that do not appear in our book for SPY (5.5% of the fund), and 460 for SPY that do not appear in TDVI (84.9%).
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.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TDVI | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.50% | 9.34% | 3.84% |
| AVGOBroadcom Inc | 2.97% | 8.08% | 5.11% |
| IBMInternational Business Machines Corp. | 0.33% | 6.83% | 6.50% |
| TXNTexas Instruments, Inc | 0.39% | 6.62% | 6.23% |
| ORCLOracle Corp. | 0.37% | 5.30% | 4.93% |
| AMATApplied Materials, Inc. | 0.65% | 2.64% | 1.99% |
| ADIAnalog Devices, Inc. | 0.28% | 2.75% | 2.47% |
| QCOMQualcomm Inc. | 0.26% | 2.71% | 2.45% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 2.18% | 1.46% |
| MSIMotorola Solutions Inc. | 0.11% | 2.34% | 2.23% |
77.5% of TDVI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TDVI?
SPY has an expense ratio of 0.09% while TDVI charges 0.75%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, SPY or TDVI?
Over the past year SPY returned +17.48% vs +13.23% for TDVI, 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 TDVI?
TDVI has been the more volatile fund at 22.8% annualized versus 12.9% for SPY. Worst drawdown: SPY -18.8% vs TDVI -25.9%.
Should I hold both SPY and TDVI?
SPY and TDVI have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and TDVI?
77.5% of TDVI's money is in holdings SPY also owns. 77.5% of TDVI's is in holdings SPY also owns. They hold 34 positions in common, counted across the 504 positions we hold weights for in SPY and 93 in TDVI.
Which pays a higher dividend, SPY or TDVI?
SPY yields 0.98% while TDVI yields 7.43%, so TDVI currently pays the higher dividend yield.
Is TDVI better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.