SPY vs TJUL
State Street SPDR S&P 500 ETF Trust vs Innovator Equity Defined Protection ETF - 2 Yr to July 2027
Which is better, SPY or TJUL?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TJUL |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.79% |
| AUM | $811.2B | $116M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 1,515 | 15 |
| YTD Return | +13.54%Best | +3.64% |
| 1Y Return | +16.25%Best | +4.65% |
| 3Y Return (annualized) | +23.72%Best | +8.08% |
| 5Y Return (annualized) | +13.95% | - |
| Volatility (annualized) | 12.6% | 3.4%Best |
| Max Drawdown | -18.8% | -4.6%Best |
| $10,000 over 3.2 years | $17,603Best | $12,321 |
| Fund Family | State Street Investment Management | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Jul 18, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 18, 2023 to Oct 2, 2026 (3.2 years).
SPY vs TJUL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
SPY vs TJUL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Innovator Equity Defined Protection ETF - 2 Yr to July 2027 (TJUL) is an ETF from Innovator ETFs Trust. Over the past year SPY returned +16.25% while TJUL returned +4.65%. Year to date, SPY is up 13.54% versus a gain of 3.64% for TJUL.
Over three years, SPY compounded at +23.72% per year against +8.08% for TJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 3.4% for TJUL. 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 -18.8% for SPY and -4.6% for TJUL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TJUL charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for TJUL.
You are not choosing between two funds in isolation.
Whichever of SPY and TJUL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TJUL?
SPY has an expense ratio of 0.09% while TJUL charges 0.79%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, SPY or TJUL?
Over the past year SPY returned +16.25% vs +4.65% for TJUL, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TJUL?
SPY has been the more volatile fund at 12.6% annualized versus 3.4% for TJUL. Worst drawdown: SPY -18.8% vs TJUL -4.6%.
Should I hold both SPY and TJUL?
SPY and TJUL have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TJUL?
SPY yields 0.98% while TJUL yields 0.00%, so SPY currently pays the higher dividend yield.
Is TJUL better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.