SPY vs TINY
State Street SPDR S&P 500 ETF Trust vs Proshares Nanotechnology ETF
Quick Verdict
SPY has a lower expense ratio. TINY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TINY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.58% | |
| AUM | $821.1B | $15M | |
| Dividend Yield | 1.01% | 0.19% | |
| Holdings | 505 | 31 | |
| YTD Return | +14.24% | +48.25% | |
| 1Y Return | +21.71% | +80.36% | |
| 3Y Return (annualized) | +22.10% | +30.36% | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 33.6% | |
| Max Drawdown | -56.5% | -43.8% | |
| Fund Family | State Street Investment Management | ProShares | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Oct 26, 2021 |
SPY vs TINY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Proshares Nanotechnology ETF (TINY) is a ETF from ProShares. Over the past year SPY returned +21.71% while TINY returned +80.36%. Year to date, SPY is up 14.24% versus a gain of 48.25% for TINY.
Over three years, SPY compounded at +22.10% per year against +30.36% for TINY. Across the full 5-year window we track, TINY has the edge at +16.63% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TINY has been the more volatile fund, with annualized monthly volatility of 33.6% compared with 15.3% 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 -56.5% for SPY and -43.8% for TINY. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TINY charges 0.58%. On a $10,000 position that is $9 vs $58 annually, a gap of $49 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.19% for TINY.
Holdings Overlap
SPY and TINY share 4 holdings out of 530 unique holdings combined, representing a 5.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TINY?
SPY has an expense ratio of 0.09% while TINY charges 0.58%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, SPY or TINY?
Over the past year SPY returned +21.71% vs +80.36% for TINY, so TINY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.86% vs +16.63% for TINY. Past performance does not guarantee future results.
Which is riskier, SPY or TINY?
TINY has been the more volatile fund at 33.6% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TINY -43.8%.
Should I hold both SPY and TINY?
SPY and TINY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TINY?
SPY and TINY share 4 common holdings with a 5.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, SPY or TINY?
SPY yields 1.01% while TINY yields 0.19%, so SPY currently pays the higher dividend yield.
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