SPY vs THMZ
State Street SPDR S&P 500 ETF Trust vs Lazard Equity Megatrends ETF
Which is better, SPY or THMZ?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. THMZ is less concentrated, with 32.1% of the fund in its ten largest positions against 38.2%.
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 | THMZ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.50% |
| AUM | $811.2B | - |
| Dividend Yield | 0.98% | 0.23% |
| Holdings | 1,515 | 122 |
| YTD Return | +12.70%Best | +5.45% |
| 1Y Return | +15.53%Best | +7.89% |
| 3Y Return (annualized) | +22.86% | - |
| 5Y Return (annualized) | +13.47% | - |
| Volatility (annualized) | 11.9%Best | 13.8% |
| Max Drawdown | -8.9%Best | -16.0% |
| $10,000 over 1.5 years | $15,470Best | $13,977 |
| Top 10 Weight | 38.2% | 32.1%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 Oct 1, 2026 (1.5 years).
SPY vs THMZ 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 THMZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Lazard Equity Megatrends ETF (THMZ) is an ETF from Lazard Asset Management. Over the past year SPY returned +15.53% while THMZ returned +7.89%. Year to date, SPY is up 12.70% versus a gain of 5.45% for THMZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THMZ has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 11.9% 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 -16.0% for THMZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.98% against 0.23% for THMZ.
Holdings Overlap
42.9% of SPY's money is in holdings THMZ also owns. 54.5% of THMZ's money is in holdings SPY also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 504 positions we hold weights for in SPY and 61 in THMZ, against full books of 1,515 and 122.
What only one of them owns
Our book lists 4 positions for THMZ that do not appear in our book for SPY (5.1% of the fund), and 466 for SPY that do not appear in THMZ (56.3%).
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 THMZ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.78% | 2.98% | 4.80% |
| AAPLApple, Inc | 7.45% | 2.16% | 5.29% |
| MSFTMicrosoft Corp | 5.71% | 3.64% | 2.07% |
| AMZNAmazon.Com Inc | 3.78% | 3.72% | 0.06% |
| GOOGLAlphabet Inc,class A | 3.12% | 3.31% | 0.19% |
| METAMeta Platforms Inc | 2.22% | 2.59% | 0.37% |
| AVGOBroadcom Inc | 2.48% | 2.11% | 0.37% |
| AMATApplied Materials, Inc. | 0.51% | 3.46% | 2.95% |
| LLYEli Lilly & Co. | 1.37% | 1.61% | 0.24% |
| AMDAdvanced Micro Devices Inc | 1.22% | 1.66% | 0.44% |
54.5% of THMZ 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 THMZ?
SPY has an expense ratio of 0.09% while THMZ charges 0.50%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, SPY or THMZ?
Over the past year SPY returned +15.53% vs +7.89% for THMZ, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +33.76% vs +25.01% for THMZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or THMZ?
THMZ has been the more volatile fund at 13.8% annualized versus 11.9% for SPY. Worst drawdown: SPY -8.9% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and THMZ?
54.5% of THMZ's money is in holdings SPY also owns. 54.5% of THMZ's is in holdings SPY also owns. They hold 31 positions in common, counted across the 504 positions we hold weights for in SPY and 61 in THMZ.
Which pays a higher dividend, SPY or THMZ?
SPY yields 0.98% while THMZ yields 0.23%, so SPY currently pays the higher dividend yield.
Is THMZ better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. THMZ is less concentrated, with 32.1% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.