SPY vs TECB
State Street SPDR S&P 500 ETF Trust vs iShares US Tech Breakthrough Multisector ETF
Which is better, SPY or TECB?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY led over 5Y, TECB over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.8%.
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 | TECB |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.30% |
| AUM | $804.7B | $497M |
| Dividend Yield | 0.98% | 0.28% |
| Holdings | 505 | 177 |
| YTD Return | +12.22% | +27.96%Best |
| 1Y Return | +16.97% | +29.30%Best |
| 3Y Return (annualized) | +21.16% | +27.30%Best |
| 5Y Return (annualized) | +13.00%Best | +12.90% |
| Volatility (annualized) | 17.0%Best | 21.8% |
| Max Drawdown | -34.1%Best | -41.6% |
| $10,000 over 5 years | $18,424Best | $18,343 |
| Top 10 Weight | 37.8%Best | 40.8% |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Jan 8, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Jan 10, 2020 to Sep 17, 2026 (6.7 years).
SPY vs TECB 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 6.7 years both funds cover.
SPY vs TECB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and iShares US Tech Breakthrough Multisector ETF (TECB) is an ETF from iShares by BlackRock (US). Over the past year SPY returned +16.97% while TECB returned +29.30%. Year to date, SPY is up 12.22% versus a gain of 27.96% for TECB.
Over three years, SPY compounded at +21.16% per year against +27.30% for TECB; over five years the annualized figures are +13.00% and +12.90% respectively. Across the full 7-year window we track, TECB has the edge at +18.49% annualized vs +14.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TECB has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 17.0% 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 -34.1% for SPY and -41.6% for TECB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TECB charges 0.30%. On a $10,000 position that is $9 vs $30 annually, a gap of $21 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.28% for TECB.
Holdings Overlap
40.7% of SPY's money is in holdings TECB also owns. 90.1% of TECB's money is in holdings SPY also owns.
Most of TECB is already inside SPY. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 504 positions we hold weights for in SPY and 171 in TECB, against full books of 505 and 177.
What only one of them owns
Measured across the 504 and 171 positions we hold weights for.
SPY holds 442 positions TECB does not, 58.7% of the fund.
Largest: AVGO 2.66%, GOOG 2.39%, MU 1.60%, TSLA 1.52%, JPM 1.45%
Top Shared Holdings
| Stock | Weight in SPY | Weight in TECB | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 3.94% | 4.07% |
| AAPLApple, Inc | 7.26% | 3.78% | 3.48% |
| MSFTMicrosoft Corp | 5.66% | 4.46% | 1.20% |
| AMZNAmazon.Com Inc | 3.79% | 3.87% | 0.08% |
| GOOGLAlphabet Inc,class A | 2.99% | 3.37% | 0.38% |
| METAMeta Platforms Inc | 1.93% | 3.53% | 1.60% |
| PANWPalo Alto Networks, Inc | 0.45% | 4.84% | 4.39% |
| MRKMerck & Company Inc | 0.56% | 4.48% | 3.92% |
| VVisa Inc Class A | 0.94% | 4.07% | 3.13% |
| AMDAdvanced Micro Devices Inc | 1.14% | 3.70% | 2.56% |
90.1% of TECB 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 TECB?
SPY has an expense ratio of 0.09% while TECB charges 0.30%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, SPY or TECB?
Over the past year SPY returned +16.97% vs +29.30% for TECB, so TECB leads on 1-year performance. Over the longest common window we track (7 years), SPY annualized +14.84% vs +18.49% for TECB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TECB?
TECB has been the more volatile fund at 21.8% annualized versus 17.0% for SPY. Worst drawdown: SPY -34.1% vs TECB -41.6%.
Should I hold both SPY and TECB?
SPY and TECB have a monthly-return correlation of 0.88, 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 TECB?
90.1% of TECB's money is in holdings SPY also owns. 90.1% of TECB's is in holdings SPY also owns. They hold 55 positions in common, counted across the 504 positions we hold weights for in SPY and 171 in TECB.
Which pays a higher dividend, SPY or TECB?
SPY yields 0.98% while TECB yields 0.28%, so SPY currently pays the higher dividend yield.
Is TECB better than SPY?
SPY has a lower expense ratio. SPY led over 5Y, TECB over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.