SPY vs THIR
State Street SPDR S&P 500 ETF Trust vs THOR Index Rotation ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | THIR | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.69% | |
| AUM | $789.1B | $200M | |
| Dividend Yield | 1.01% | 0.33% | |
| Holdings | 505 | 4 | |
| YTD Return | +13.39% | +6.35% | |
| 1Y Return | +22.52% | +15.95% | |
| 3Y Return (annualized) | +21.36% | - | |
| 5Y Return (annualized) | +13.19% | - | |
| Volatility (annualized) | 15.3% | 12.3% | |
| Max Drawdown | -56.5% | -10.1% | |
| Fund Family | State Street Investment Management | Thor Financial Technologies | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Sep 23, 2024 |
SPY vs THIR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and THOR Index Rotation ETF (THIR) is a ETF from Thor Financial Technologies. Over the past year SPY returned +22.52% while THIR returned +15.95%. Year to date, SPY is up 13.39% versus a gain of 6.35% for THIR.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.3% for THIR. 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 -10.1% for THIR. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while THIR charges 0.69%. On a $10,000 position that is $9 vs $69 annually, a gap of $60 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.33% for THIR.
Holdings Overlap
SPY and THIR share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or THIR?
SPY has an expense ratio of 0.09% while THIR charges 0.69%. SPY is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, SPY or THIR?
Over the past year SPY returned +22.52% vs +15.95% for THIR, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.84% vs +18.87% for THIR. Past performance does not guarantee future results.
Which is riskier, SPY or THIR?
SPY has been the more volatile fund at 15.3% annualized versus 12.3% for THIR. Worst drawdown: SPY -56.5% vs THIR -10.1%.
Should I hold both SPY and THIR?
SPY and THIR have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and THIR?
SPY and THIR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or THIR?
SPY yields 1.01% while THIR yields 0.33%, so SPY currently pays the higher dividend yield.
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