SPY vs TIPD
SPY vs TIPD
State Street SPDR S&P 500 ETF Trust vs Northern Trust 2055 Inflation-Linked Distributing Ladder 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 | TIPD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.10% | |
| AUM | $789.1B | - | |
| Dividend Yield | 1.01% | - | |
| Holdings | 505 | 27 | |
| YTD Return | +13.79% | -0.56% | |
| 1Y Return | +23.66% | +1.30% | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | 5.5% | |
| Max Drawdown | -56.5% | -4.0% | |
| Fund Family | State Street Investment Management | Northern Trust Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Mar 1, 2025 |
SPY vs TIPD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) is a ETF from Northern Trust Asset Management. Over the past year SPY returned +23.66% while TIPD returned +1.30%. Year to date, SPY is up 13.79% versus a loss of 0.56% for TIPD.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.5% for TIPD. 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 -4.0% for TIPD. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TIPD charges 0.10%. On a $10,000 position that is $9 vs $10 annually, a gap of $1 per year that compounds over a long holding period.
Holdings Overlap
SPY and TIPD share 0 holdings out of 527 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 TIPD?
SPY has an expense ratio of 0.09% while TIPD charges 0.10%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPY or TIPD?
Over the past year SPY returned +23.66% vs +1.30% for TIPD, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SPY or TIPD?
SPY has been the more volatile fund at 15.3% annualized versus 5.5% for TIPD. Worst drawdown: SPY -56.5% vs TIPD -4.0%.
Should I hold both SPY and TIPD?
SPY and TIPD have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TIPD?
SPY and TIPD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
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