SPY vs TEKY
State Street SPDR S&P 500 ETF Trust vs Lazard Next Gen Technologies ETF
Which is better, SPY or TEKY?
TEKY has been ahead.
SPY has a lower expense ratio. TEKY led over 1Y and the full window. TEKY is less concentrated, with 37.1% of the fund in its ten largest positions against 37.8%.
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 | TEKY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.50% |
| AUM | $804.7B | - |
| Dividend Yield | 0.98% | 0.17% |
| Holdings | 505 | 51 |
| YTD Return | +12.99% | +22.16%Best |
| 1Y Return | +16.73% | +20.15%Best |
| 3Y Return (annualized) | +22.52% | - |
| 5Y Return (annualized) | +13.07% | - |
| Volatility (annualized) | 12.1%Best | 27.5% |
| Max Drawdown | -8.9%Best | -21.4% |
| $10,000 over 1.5 years | $15,612 | $18,729Best |
| Top 10 Weight | 37.8% | 37.1%Best |
| Fund Family | State Street Investment Management | Lazard Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Apr 4, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 7, 2025 to Sep 23, 2026 (1.5 years).
SPY vs TEKY 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 1.5 years both funds cover.
SPY vs TEKY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Lazard Next Gen Technologies ETF (TEKY) is an ETF from Lazard Asset Management. Over the past year SPY returned +16.73% while TEKY returned +20.15%. Year to date, SPY is up 12.99% versus a gain of 22.16% for TEKY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEKY has been the more volatile fund, with annualized monthly volatility of 27.5% compared with 12.1% 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 -8.9% for SPY and -21.4% for TEKY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TEKY charges 0.50%. On a $10,000 position that is $9 vs $50 annually, a gap of $41 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.17% for TEKY.
Holdings Overlap
28.8% of SPY's money is in holdings TEKY also owns. 54.1% of TEKY's money is in holdings SPY also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 504 positions we hold weights for in SPY and 46 in TEKY, against full books of 505 and 51.
What only one of them owns
Our book lists 6 positions for TEKY that do not appear in our book for SPY (10.3% of the fund), and 477 for SPY that do not appear in TEKY (70.6%).
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 TEKY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 5.72% | 2.29% |
| GOOGLAlphabet Inc,class A | 2.99% | 5.24% | 2.25% |
| AMZNAmazon.Com Inc | 3.79% | 4.25% | 0.46% |
| MSFTMicrosoft Corp | 5.66% | 1.87% | 3.79% |
| AVGOBroadcom Inc | 2.66% | 3.48% | 0.82% |
| AMDAdvanced Micro Devices Inc | 1.14% | 3.14% | 2.00% |
| PLTRPalantir Technologies Inc | 0.63% | 2.95% | 2.32% |
| CRWDCrowdstrike Holdings Inc | 0.33% | 3.23% | 2.90% |
| PANWPalo Alto Networks, Inc | 0.45% | 2.65% | 2.20% |
| DDOGDatadog Inc | 0.11% | 2.77% | 2.66% |
54.1% of TEKY 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 TEKY?
SPY has an expense ratio of 0.09% while TEKY charges 0.50%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, SPY or TEKY?
Over the past year SPY returned +16.73% vs +20.15% for TEKY, so TEKY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +34.58% vs +51.94% for TEKY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TEKY?
TEKY has been the more volatile fund at 27.5% annualized versus 12.1% for SPY. Worst drawdown: SPY -8.9% vs TEKY -21.4%.
Should I hold both SPY and TEKY?
SPY and TEKY have a monthly-return correlation of 0.85, 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 TEKY?
54.1% of TEKY's money is in holdings SPY also owns. 54.1% of TEKY's is in holdings SPY also owns. They hold 20 positions in common, counted across the 504 positions we hold weights for in SPY and 46 in TEKY.
Which pays a higher dividend, SPY or TEKY?
SPY yields 0.98% while TEKY yields 0.17%, so SPY currently pays the higher dividend yield.
Is TEKY better than SPY?
SPY has a lower expense ratio. TEKY led over 1Y and the full window. TEKY is less concentrated, with 37.1% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.