SPY vs THTA
State Street SPDR S&P 500 ETF Trust vs SoFi Enhanced Yield 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 | THTA | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.61% | |
| AUM | $789.1B | $54M | |
| Dividend Yield | 1.01% | 11.12% | |
| Holdings | 505 | 10 | |
| YTD Return | +13.39% | +9.65% | |
| 1Y Return | +22.52% | +16.12% | |
| 3Y Return (annualized) | +21.36% | - | |
| 5Y Return (annualized) | +13.19% | - | |
| Volatility (annualized) | 15.3% | 13.4% | |
| Max Drawdown | -56.5% | -31.4% | |
| Fund Family | State Street Investment Management | SoFi | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Nov 15, 2023 |
SPY vs THTA Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and SoFi Enhanced Yield ETF (THTA) is a ETF from SoFi. Over the past year SPY returned +22.52% while THTA returned +16.12%. Year to date, SPY is up 13.39% versus a gain of 9.65% for THTA.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.4% for THTA. 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 -31.4% for THTA. 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while THTA charges 0.61%. On a $10,000 position that is $9 vs $61 annually, a gap of $52 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 11.12% for THTA.
Holdings Overlap
SPY and THTA share 0 holdings out of 508 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 THTA?
SPY has an expense ratio of 0.09% while THTA charges 0.61%. SPY is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, SPY or THTA?
Over the past year SPY returned +22.52% vs +16.12% for THTA, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.84% vs +2.02% for THTA. Past performance does not guarantee future results.
Which is riskier, SPY or THTA?
SPY has been the more volatile fund at 15.3% annualized versus 13.4% for THTA. Worst drawdown: SPY -56.5% vs THTA -31.4%.
Should I hold both SPY and THTA?
SPY and THTA have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and THTA?
SPY and THTA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, SPY or THTA?
SPY yields 1.01% while THTA yields 11.12%, so THTA currently pays the higher dividend yield.
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