SPY vs TMSF
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Multi-Sector Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TMSF | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.37% | |
| AUM | $821.1B | $59M | |
| Dividend Yield | 1.01% | 3.77% | |
| Holdings | 505 | 401 | |
| YTD Return | +12.71% | +3.24% | |
| 1Y Return | +20.53% | - | |
| 3Y Return (annualized) | +21.60% | - | |
| 5Y Return (annualized) | +12.79% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -2.3% | |
| Fund Family | State Street Investment Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Nov 19, 2025 |
SPY vs TMSF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T. Rowe Price Multi-Sector Income ETF (TMSF) is a ETF from T.Rowe Price. Year to date, SPY is up 12.71% versus a gain of 3.24% for TMSF.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -2.3% for TMSF. 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 TMSF charges 0.37%. On a $10,000 position that is $9 vs $37 annually, a gap of $28 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 3.77% for TMSF.
Holdings Overlap
SPY and TMSF share 1 holdings out of 632 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMSF | Difference |
|---|---|---|---|
| TMUS | 0.12% | 0.12% | 0.00% |
Frequently Asked Questions
Which is cheaper, SPY or TMSF?
SPY has an expense ratio of 0.09% while TMSF charges 0.37%. SPY is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
What is the holdings overlap between SPY and TMSF?
SPY and TMSF share 1 common holdings with a 0.1% weight overlap. Combined, they hold 632 unique securities.
Which pays a higher dividend, SPY or TMSF?
SPY yields 1.01% while TMSF yields 3.77%, so TMSF currently pays the higher dividend yield.
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