SPY vs TMH
State Street SPDR S&P 500 ETF Trust vs Toyota Motor Corporation ADRhedged
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TMH | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.19% | |
| AUM | $789.1B | $1M | |
| Dividend Yield | 1.01% | 17.29% | |
| Holdings | 505 | 2 | |
| YTD Return | +13.68% | -9.18% | |
| 1Y Return | +21.53% | +9.11% | |
| 3Y Return (annualized) | +21.44% | - | |
| 5Y Return (annualized) | +13.18% | - | |
| Volatility (annualized) | 15.3% | 24.6% | |
| Max Drawdown | -56.5% | -27.5% | |
| Fund Family | State Street Investment Management | ADRH | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Mar 13, 2025 |
SPY vs TMH Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Toyota Motor Corporation ADRhedged (TMH) is a ETF from ADRH. Over the past year SPY returned +21.53% while TMH returned +9.11%. Year to date, SPY is up 13.68% versus a loss of 9.18% for TMH.
Risk: Volatility and Drawdowns
TMH has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 15.3% 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 -56.5% for SPY and -27.5% for TMH. 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TMH charges 0.19%. On a $10,000 position that is $9 vs $19 annually, a gap of $10 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 17.29% for TMH.
Holdings Overlap
SPY and TMH share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TMH?
SPY has an expense ratio of 0.09% while TMH charges 0.19%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, SPY or TMH?
Over the past year SPY returned +21.53% vs +9.11% for TMH, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs +11.20% for TMH. Past performance does not guarantee future results.
Which is riskier, SPY or TMH?
TMH has been the more volatile fund at 24.6% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TMH -27.5%.
Should I hold both SPY and TMH?
SPY and TMH have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TMH?
SPY and TMH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or TMH?
SPY yields 1.01% while TMH yields 17.29%, so TMH currently pays the higher dividend yield.
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