SPY vs TMDV
State Street SPDR S&P 500 ETF Trust vs ProShares Russell US Dividend Growers ETF
Which is better, SPY or TMDV?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. TMDV is less concentrated, with 18.0% of the fund in its ten largest positions against 38.2%.
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 | TMDV |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.35% |
| AUM | $811.2B | $4M |
| Dividend Yield | 0.98% | 2.46% |
| Holdings | 1,515 | 66 |
| YTD Return | +12.70%Best | +5.23% |
| 1Y Return | +15.53%Best | +4.49% |
| 3Y Return (annualized) | +22.86%Best | +6.90% |
| 5Y Return (annualized) | +13.47%Best | +3.47% |
| Volatility (annualized) | 16.7% | 16.3%Best |
| Max Drawdown | -34.1% | -33.4%Best |
| $10,000 over 5 years | $18,811Best | $11,860 |
| Top 10 Weight | 38.2% | 18.0%Best |
| Fund Family | State Street Investment Management | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Nov 5, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Oct 1, 2026 (6.9 years).
SPY vs TMDV 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 6.9 years both funds cover.
SPY vs TMDV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and ProShares Russell US Dividend Growers ETF (TMDV) is an ETF from ProShares. Over the past year SPY returned +15.53% while TMDV returned +4.49%. Year to date, SPY is up 12.70% versus a gain of 5.23% for TMDV.
Over three years, SPY compounded at +22.86% per year against +6.90% for TMDV; over five years the annualized figures are +13.47% and +3.47% respectively. Across the full 7-year window we track, SPY has the edge at +15.34% annualized vs +5.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 16.3% for TMDV. 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 -34.1% for SPY and -33.4% for TMDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TMDV charges 0.35%. On a $10,000 position that is $9 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.46% for TMDV.
Holdings Overlap
6.5% of SPY's money is in holdings TMDV also owns. 62.5% of TMDV's money is in holdings SPY also owns.
The two portfolios partly overlap.
40 positions in common, counted across the 504 positions we hold weights for in SPY and 65 in TMDV, against full books of 1,515 and 66.
What only one of them owns
Measured across the 504 and 65 positions we hold weights for.
SPY holds 457 positions TMDV does not, 92.8% of the fund.
Largest: NVDA 7.78%, AAPL 7.45%, MSFT 5.71%, AMZN 3.78%, GOOGL 3.12%
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMDV | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 0.98% | 1.70% | 0.72% |
| CVXChevron Corp | 0.60% | 1.74% | 1.14% |
| KOCoca Cola Co. | 0.52% | 1.64% | 1.12% |
| WMTWalmart, Inc. | 0.73% | 1.38% | 0.65% |
| ADPAutomatic Data Processing, Inc. | 0.17% | 1.86% | 1.69% |
| PGProcter & Gamble Company | 0.52% | 1.50% | 0.98% |
| ABTAbbott Laboratories | 0.27% | 1.75% | 1.48% |
| GPCGenuine Parts Company | 0.03% | 1.98% | 1.95% |
| BDXBecton Dickinson And Co. | 0.08% | 1.89% | 1.81% |
| MDTMedtronic Plc Ordinary Shares | 0.18% | 1.78% | 1.60% |
62.5% of TMDV 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 TMDV?
SPY has an expense ratio of 0.09% while TMDV charges 0.35%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, SPY or TMDV?
Over the past year SPY returned +15.53% vs +4.49% for TMDV, so SPY leads on 1-year performance. Over the longest common window we track (7 years), SPY annualized +15.34% vs +5.35% for TMDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TMDV?
SPY has been the more volatile fund at 16.7% annualized versus 16.3% for TMDV. Worst drawdown: SPY -34.1% vs TMDV -33.4%.
Should I hold both SPY and TMDV?
SPY and TMDV have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and TMDV?
62.5% of TMDV's money is in holdings SPY also owns. 62.5% of TMDV's is in holdings SPY also owns. They hold 40 positions in common, counted across the 504 positions we hold weights for in SPY and 65 in TMDV.
Which pays a higher dividend, SPY or TMDV?
SPY yields 0.98% while TMDV yields 2.46%, so TMDV currently pays the higher dividend yield.
Is TMDV better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. TMDV is less concentrated, with 18.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.