SPY vs TILL

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricSPYTILLWinner
Expense Ratio0.09%0.89%
AUM$789.1B$37M
Dividend Yield1.01%4.77%
Holdings5056
YTD Return+14.47%+13.56%
1Y Return+21.96%+9.36%
3Y Return (annualized)+21.70%-3.89%
5Y Return (annualized)+13.30%-
Volatility (annualized)15.3%11.0%
Max Drawdown-56.5%-33.8%
Fund FamilyState Street Investment ManagementTeucrium
CategoryEquityCommodity
InceptionJan 22, 1993May 16, 2022

SPY vs TILL Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Teucrium Agricultural Strategy No K-1 ETF (TILL) is a ETF from Teucrium. Over the past year SPY returned +21.96% while TILL returned +9.36%. Year to date, SPY is up 14.47% versus a gain of 13.56% for TILL.

Over three years, SPY compounded at +21.70% per year against -3.89% for TILL. Across the full 4-year window we track, SPY has the edge at +8.87% annualized vs -6.36%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.0% for TILL. 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 -33.8% for TILL. 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

SPY charges 0.09% per year while TILL charges 0.89%. On a $10,000 position that is $9 vs $89 annually, a gap of $80 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.77% for TILL.

Frequently Asked Questions

Which is cheaper, SPY or TILL?

SPY has an expense ratio of 0.09% while TILL charges 0.89%. SPY is the cheaper option. On a $10,000 investment, that is $80 per year of difference.

Which performed better, SPY or TILL?

Over the past year SPY returned +21.96% vs +9.36% for TILL, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.87% vs -6.36% for TILL. Past performance does not guarantee future results.

Which is riskier, SPY or TILL?

SPY has been the more volatile fund at 15.3% annualized versus 11.0% for TILL. Worst drawdown: SPY -56.5% vs TILL -33.8%.

Should I hold both SPY and TILL?

SPY and TILL have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, SPY or TILL?

SPY yields 1.01% while TILL yields 4.77%, so TILL currently pays the higher dividend yield.

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