SPY vs THMZ
State Street SPDR S&P 500 ETF Trust vs Lazard Equity Megatrends 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 | THMZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.50% | |
| AUM | $789.1B | - | |
| Dividend Yield | 1.01% | 0.23% | |
| Holdings | 505 | 66 | |
| YTD Return | +14.47% | +7.59% | |
| 1Y Return | +21.96% | +13.46% | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 14.6% | |
| Max Drawdown | -56.5% | -16.0% | |
| Fund Family | State Street Investment Management | Lazard Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Apr 4, 2025 |
SPY vs THMZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Lazard Equity Megatrends ETF (THMZ) is a ETF from Lazard Asset Management. Over the past year SPY returned +21.96% while THMZ returned +13.46%. Year to date, SPY is up 14.47% versus a gain of 7.59% for THMZ.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.6% for THMZ. 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 -16.0% for THMZ. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while THMZ 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 1.01% against 0.23% for THMZ.
Holdings Overlap
SPY and THMZ share 32 holdings out of 531 unique holdings combined, representing a 27.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or THMZ?
SPY has an expense ratio of 0.09% while THMZ charges 0.50%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, SPY or THMZ?
Over the past year SPY returned +21.96% vs +13.46% for THMZ, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.87% vs +29.74% for THMZ. Past performance does not guarantee future results.
Which is riskier, SPY or THMZ?
SPY has been the more volatile fund at 15.3% annualized versus 14.6% for THMZ. Worst drawdown: SPY -56.5% vs THMZ -16.0%.
Should I hold both SPY and THMZ?
SPY and THMZ have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPY and THMZ?
SPY and THMZ share 32 common holdings with a 27.8% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, SPY or THMZ?
SPY yields 1.01% while THMZ yields 0.23%, so SPY currently pays the higher dividend yield.
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