SPY vs TMLP
State Street SPDR S&P 500 ETF Trust vs Tortoise MLP ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TMLP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.50% | |
| AUM | $821.1B | $45M | |
| Dividend Yield | 1.01% | 3.65% | |
| Holdings | 505 | 3 | |
| YTD Return | +13.47% | +25.43% | |
| 1Y Return | +20.57% | - | |
| 3Y Return (annualized) | +21.83% | - | |
| 5Y Return (annualized) | +12.88% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -8.6% | |
| Fund Family | State Street Investment Management | Tortoise Capital | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Dec 23, 2025 |
SPY vs TMLP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Tortoise MLP ETF (TMLP) is a ETF from Tortoise Capital. Year to date, SPY is up 13.47% versus a gain of 25.43% for TMLP.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.6% for TMLP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while TMLP 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 1.01% against 3.65% for TMLP.
Holdings Overlap
SPY and TMLP share 0 holdings out of 506 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 TMLP?
SPY has an expense ratio of 0.09% while TMLP charges 0.50%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
What is the holdings overlap between SPY and TMLP?
SPY and TMLP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPY or TMLP?
SPY yields 1.01% while TMLP yields 3.65%, so TMLP currently pays the higher dividend yield.
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