SPY vs TIPX
State Street SPDR S&P 500 ETF Trust vs State Street SPDR Bloomberg 1-10 Year TIPS 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 | TIPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.15% | |
| AUM | $789.1B | $2.0B | |
| Dividend Yield | 1.01% | 4.56% | |
| Holdings | 505 | 34 | |
| YTD Return | +13.79% | +0.58% | |
| 1Y Return | +23.66% | +1.71% | |
| 3Y Return (annualized) | +21.40% | +4.35% | |
| 5Y Return (annualized) | +13.37% | +1.71% | |
| Volatility (annualized) | 15.3% | 3.9% | |
| Max Drawdown | -56.5% | -10.1% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | May 29, 2013 |
SPY vs TIPX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and State Street SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is a ETF from State Street Investment Management. Over the past year SPY returned +23.66% while TIPX returned +1.71%. Year to date, SPY is up 13.79% versus a gain of 0.58% for TIPX.
Over three years, SPY compounded at +21.40% per year against +4.35% for TIPX; over five years the annualized figures are +13.37% and +1.71% respectively. Across the full 13-year window we track, SPY has the edge at +8.85% annualized vs +1.27%. 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 3.9% for TIPX. 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 -10.1% for TIPX. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TIPX charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.56% for TIPX.
Holdings Overlap
SPY and TIPX share 0 holdings out of 532 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 TIPX?
SPY has an expense ratio of 0.09% while TIPX charges 0.15%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SPY or TIPX?
Over the past year SPY returned +23.66% vs +1.71% for TIPX, so SPY leads on 1-year performance. Over the longest common window we track (13 years), SPY annualized +8.85% vs +1.27% for TIPX. Past performance does not guarantee future results.
Which is riskier, SPY or TIPX?
SPY has been the more volatile fund at 15.3% annualized versus 3.9% for TIPX. Worst drawdown: SPY -56.5% vs TIPX -10.1%.
Should I hold both SPY and TIPX?
SPY and TIPX have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TIPX?
SPY and TIPX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, SPY or TIPX?
SPY yields 1.01% while TIPX yields 4.56%, so TIPX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.