SPY vs THYM
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price High Income Municipal ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | THYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.32% | |
| AUM | $821.1B | $28M | |
| Dividend Yield | 1.01% | 2.99% | |
| Holdings | 505 | 227 | |
| YTD Return | +13.21% | +1.66% | |
| 1Y Return | +19.87% | - | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +12.74% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -2.9% | |
| Fund Family | State Street Investment Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Nov 19, 2025 |
SPY vs THYM Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T. Rowe Price High Income Municipal ETF (THYM) is a ETF from T.Rowe Price. Year to date, SPY is up 13.21% versus a gain of 1.66% for THYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -2.9% for THYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while THYM charges 0.32%. On a $10,000 position that is $9 vs $32 annually, a gap of $23 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.99% for THYM.
Holdings Overlap
SPY and THYM share 0 holdings out of 568 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 THYM?
SPY has an expense ratio of 0.09% while THYM charges 0.32%. SPY is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
What is the holdings overlap between SPY and THYM?
SPY and THYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, SPY or THYM?
SPY yields 1.01% while THYM yields 2.99%, so THYM currently pays the higher dividend yield.
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