SPY vs TLDR
State Street SPDR S&P 500 ETF Trust vs The Laddered T-Bill ETF
Which is better, SPY or TLDR?
Large Cap Blend against Ultrashort Term Bond.
SPY has a lower expense ratio.
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 | TLDR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.20% |
| AUM | $804.7B | $54M |
| Dividend Yield | 0.98% | 2.03% |
| Holdings | 505 | 5 |
| YTD Return | +11.52%Best | +0.02% |
| 1Y Return | +17.48% | - |
| 3Y Return (annualized) | +20.62% | - |
| 5Y Return (annualized) | +12.73% | - |
| Fund Family | State Street Investment Management | REX Shares |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Ultrashort Term Bond |
| Inception | Jan 22, 1993 | Jan 21, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TLDR 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 TLDR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and The Laddered T-Bill ETF (TLDR) is an ETF from REX Shares. Year to date, SPY is up 11.52% versus a gain of 0.02% for TLDR.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TLDR charges 0.20%. On a $10,000 position that is $9 vs $20 annually, a gap of $11 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.03% for TLDR.
You are not choosing between two funds in isolation.
Whichever of SPY and TLDR 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 TLDR?
SPY has an expense ratio of 0.09% while TLDR charges 0.20%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which pays a higher dividend, SPY or TLDR?
SPY yields 0.98% while TLDR yields 2.03%, so TLDR currently pays the higher dividend yield.
Is TLDR better than SPY?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.