SPY vs TLCE
State Street SPDR S&P 500 ETF Trust vs Thrivent Large Cap Stock ETF
Which is better, SPY or TLCE?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 39.0%.
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 | TLCE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.30% |
| AUM | $797.9B | $36M |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 504 | 160 |
| YTD Return | +11.28%Best | -2.95% |
| 1Y Return | +13.46% | - |
| 3Y Return (annualized) | +20.37% | - |
| 5Y Return (annualized) | +11.54% | - |
| Top 10 Weight | 37.1%Best | 39.0% |
| Fund Family | State Street Investment Management | Thrivent Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Oct 21, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs TLCE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TLCE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Thrivent Large Cap Stock ETF (TLCE) is an ETF from Thrivent Funds. Year to date, SPY is up 11.28% versus a loss of 2.95% for TLCE.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TLCE charges 0.30%. On a $10,000 position that is $9 vs $30 annually, a gap of $21 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for TLCE.
Holdings Overlap
67.7% of SPY's money is in holdings TLCE also owns. 83.8% of TLCE's money is in holdings SPY also owns.
Most of TLCE is already inside SPY. Owning both mostly buys the same companies twice.
102 positions in common, counted across the 502 positions we hold weights for in SPY and 160 in TLCE, against full books of 504 and 160.
What only one of them owns
Our book lists 55 positions for TLCE that do not appear in our book for SPY (13.9% of the fund), and 398 for SPY that do not appear in TLCE (32.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TLCE | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.60% | 7.61% | 0.01% |
| NVDANvidia Corp. | 7.52% | 7.49% | 0.03% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.79% | 6.21% | 0.42% |
| AMZNAmazon.Com Inc | 3.71% | 4.45% | 0.74% |
| GOOGLAlphabet Inc | 2.52% | 3.10% | 0.58% |
| AVGOBroadcom Inc | 2.36% | 2.21% | 0.15% |
| METAMeta Platform Inc | 2.06% | 2.30% | 0.24% |
| GOOGAlphabet Inc | 2.03% | 2.12% | 0.09% |
| LLYEli Lilly & Co. | 1.74% | 1.89% | 0.15% |
| BRK.ABerkshire Hathaway Inc | 1.59% | 1.67% | 0.08% |
83.8% of TLCE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TLCE?
SPY has an expense ratio of 0.09% while TLCE charges 0.30%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
What is the holdings overlap between SPY and TLCE?
83.8% of TLCE's money is in holdings SPY also owns. 83.8% of TLCE's is in holdings SPY also owns. They hold 102 positions in common, counted across the 502 positions we hold weights for in SPY and 160 in TLCE.
Which pays a higher dividend, SPY or TLCE?
SPY yields 1.00% while TLCE yields 0.00%, so SPY currently pays the higher dividend yield.
Is TLCE better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.