SPY vs TJUL
State Street SPDR S&P 500 ETF Trust vs Innovator Equity Defined Protection ETF - 2 Yr to July 2027
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TJUL | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.79% | |
| AUM | $821.1B | $116M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 5 | |
| YTD Return | +12.22% | +2.93% | |
| 1Y Return | +20.83% | +5.21% | |
| 3Y Return (annualized) | +21.70% | +7.33% | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | 3.4% | |
| Max Drawdown | -56.5% | -4.6% | |
| Fund Family | State Street Investment Management | Innovator ETFs Trust | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Jul 18, 2023 |
SPY vs TJUL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Innovator Equity Defined Protection ETF - 2 Yr to July 2027 (TJUL) is a ETF from Innovator ETFs Trust. Over the past year SPY returned +20.83% while TJUL returned +5.21%. Year to date, SPY is up 12.22% versus a gain of 2.93% for TJUL.
Over three years, SPY compounded at +21.70% per year against +7.33% for TJUL. Across the full 3-year window we track, SPY has the edge at +8.79% annualized vs +6.77%. 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 3.4% 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 -56.5% for SPY and -4.6% for TJUL. 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 0.89. 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 1.01% against 0.00% for TJUL.
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. On a $10,000 investment, that is $70 per year of difference.
Which performed better, SPY or TJUL?
Over the past year SPY returned +20.83% vs +5.21% for TJUL, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.79% vs +6.77% for TJUL. Past performance does not guarantee future results.
Which is riskier, SPY or TJUL?
SPY has been the more volatile fund at 15.3% annualized versus 3.4% for TJUL. Worst drawdown: SPY -56.5% vs TJUL -4.6%.
Should I hold both SPY and TJUL?
SPY and TJUL have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or TJUL?
SPY yields 1.01% while TJUL yields 0.00%, so SPY currently pays the higher dividend yield.
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