SPY vs TMFE
State Street SPDR S&P 500 ETF Trust vs Motley Fool Capital Efficiency 100 Index ETF
Which is better, SPY or TMFE?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY led over 1Y, TMFE over the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 47.0%.
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 | TMFE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.50% |
| AUM | $804.7B | $77M |
| Dividend Yield | 0.98% | 0.18% |
| Holdings | 505 | 103 |
| Volatility (annualized) | 17.6%Best | 20.5% |
| Max Drawdown | -24.5%Best | -31.1% |
| $10,000 over 2.9 years | $13,194 | $13,941Best |
| Top 10 Weight | 37.8%Best | 47.0% |
| Fund Family | State Street Investment Management | Motley Fool Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Dec 30, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 655 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SPY has data through Sep 15, 2026 and TMFE through Nov 29, 2024.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 31, 2021 to Nov 29, 2024 (2.9 years).
Risk: Volatility and Drawdowns
TMFE has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 17.6% for SPY. 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 -24.5% for SPY and -31.1% for TMFE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while TMFE charges 0.50%. On a $10,000 position that is $9 vs $50 annually, a gap of $41 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.18% for TMFE.
Holdings Overlap
32.1% of SPY's money is in holdings TMFE also owns. 93.7% of TMFE's money is in holdings SPY also owns.
Most of TMFE is already inside SPY. Owning both mostly buys the same companies twice.
60 positions in common, counted across the 504 positions we hold weights for in SPY and 100 in TMFE, against full books of 505 and 103.
What only one of them owns
Measured across the 504 and 100 positions we hold weights for.
SPY holds 437 positions TMFE does not, 67.2% of the fund.
Largest: MSFT 5.66%, GOOGL 2.99%, AVGO 2.66%, MU 1.60%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMFE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 4.89% | 3.12% |
| AAPLApple, Inc | 7.26% | 4.84% | 2.42% |
| AMZNAmazon.Com Inc | 3.79% | 4.97% | 1.18% |
| GOOGAlphabet Inc | 2.39% | 4.32% | 1.93% |
| METAMeta Platforms Inc | 1.93% | 4.60% | 2.67% |
| MAMastercard Inc | 0.71% | 5.58% | 4.87% |
| VVisa Inc Class A | 0.94% | 5.18% | 4.24% |
| COSTCostco Wholesale Corp. | 0.63% | 4.53% | 3.90% |
| WMTWalmart, Inc. | 0.71% | 4.05% | 3.34% |
| NFLXNetflix, Inc. | 0.52% | 4.09% | 3.57% |
93.7% of TMFE 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 TMFE?
SPY has an expense ratio of 0.09% while TMFE charges 0.50%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which is riskier, SPY or TMFE?
TMFE has been the more volatile fund at 20.5% annualized versus 17.6% for SPY. Worst drawdown: SPY -24.5% vs TMFE -31.1%.
Should I hold both SPY and TMFE?
SPY and TMFE have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and TMFE?
93.7% of TMFE's money is in holdings SPY also owns. 93.7% of TMFE's is in holdings SPY also owns. They hold 60 positions in common, counted across the 504 positions we hold weights for in SPY and 100 in TMFE.
Which pays a higher dividend, SPY or TMFE?
SPY yields 0.98% while TMFE yields 0.18%, so SPY currently pays the higher dividend yield.
Is TMFE better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, TMFE over the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 47.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.