SPY vs THMR
State Street SPDR S&P 500 ETF Trust vs THOR AdaptiveRisk Dynamic ETF
Which is better, SPY or THMR?
Large Cap Blend against Tactical Allocation.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 73.3%.
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 | THMR |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.10% |
| AUM | $804.7B | $47M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 30 |
| YTD Return | +12.89%Best | +3.99% |
| 1Y Return | +17.01% | - |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.01% | - |
| Top 10 Weight | 37.8%Best | 73.3% |
| Fund Family | State Street Investment Management | Thor Financial Technologies |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Tactical Allocation |
| Inception | Jan 22, 1993 | Apr 9, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs THMR 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs THMR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and THOR AdaptiveRisk Dynamic ETF (THMR) is an ETF from Thor Financial Technologies. Year to date, SPY is up 12.89% versus a gain of 3.99% for THMR.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while THMR charges 1.10%. On a $10,000 position that is $9 vs $110 annually, a gap of $101 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for THMR.
Holdings Overlap
34.7% of SPY's money is in holdings THMR also owns. 31.1% of THMR's money is in holdings SPY also owns.
The two portfolios partly overlap.
15 positions in common, counted across the 504 positions we hold weights for in SPY and 30 in THMR, against full books of 505 and 30.
What only one of them owns
Measured across the 504 and 30 positions we hold weights for.
SPY holds 482 positions THMR does not, 64.6% of the fund.
Largest: GOOGL 2.99%, META 1.93%, MU 1.60%, TSLA 1.52%, JPM 1.45%
Top Shared Holdings
| Stock | Weight in SPY | Weight in THMR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 5.80% | 2.21% |
| AAPLApple, Inc | 7.26% | 2.97% | 4.29% |
| MSFTMicrosoft Corp | 5.66% | 2.77% | 2.89% |
| AVGOBroadcom Inc | 2.66% | 4.29% | 1.63% |
| AMZNAmazon.Com Inc | 3.79% | 2.20% | 1.59% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.04% | 3.69% | 2.65% |
| LLYEli Lilly & Co. | 1.40% | 2.90% | 1.50% |
| GOOGAlphabet Inc | 2.39% | 1.69% | 0.70% |
| PLTRPalantir Technologies Inc | 0.63% | 2.61% | 1.98% |
| ADBEAdobe Systems | 0.18% | 2.13% | 1.95% |
34.7% of SPY is already inside THMR.
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 THMR?
SPY has an expense ratio of 0.09% while THMR charges 1.10%. SPY is the cheaper option, by $101 a year on a $10,000 investment.
What is the holdings overlap between SPY and THMR?
34.7% of SPY's money is in holdings THMR also owns. 31.1% of THMR's is in holdings SPY also owns. They hold 15 positions in common, counted across the 504 positions we hold weights for in SPY and 30 in THMR.
Which pays a higher dividend, SPY or THMR?
SPY yields 0.98% while THMR yields 0.00%, so SPY currently pays the higher dividend yield.
Is THMR better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 73.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.