SPY vs TNGY
State Street SPDR S&P 500 ETF Trust vs Tortoise Energy Fund ETF
Quick Verdict
SPY has a lower expense ratio. TNGY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TNGY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.85% | |
| AUM | $821.1B | $569M | |
| Dividend Yield | 1.01% | 4.46% | |
| Holdings | 505 | 29 | |
| YTD Return | +12.68% | +27.07% | |
| 1Y Return | +21.82% | +30.95% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 14.6% | |
| Max Drawdown | -56.5% | -9.8% | |
| Fund Family | State Street Investment Management | Tortoise Capital | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jun 16, 2025 |
SPY vs TNGY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Tortoise Energy Fund ETF (TNGY) is a ETF from Tortoise Capital. Over the past year SPY returned +21.82% while TNGY returned +30.95%. Year to date, SPY is up 12.68% versus a gain of 27.07% for TNGY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.6% for TNGY. 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 -9.8% for TNGY. 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TNGY charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.46% for TNGY.
Holdings Overlap
SPY and TNGY share 15 holdings out of 515 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TNGY?
SPY has an expense ratio of 0.09% while TNGY charges 0.85%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, SPY or TNGY?
Over the past year SPY returned +21.82% vs +30.95% for TNGY, so TNGY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.81% vs +23.68% for TNGY. Past performance does not guarantee future results.
Which is riskier, SPY or TNGY?
SPY has been the more volatile fund at 15.3% annualized versus 14.6% for TNGY. Worst drawdown: SPY -56.5% vs TNGY -9.8%.
Should I hold both SPY and TNGY?
SPY and TNGY have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TNGY?
SPY and TNGY share 15 common holdings with a 2.7% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, SPY or TNGY?
SPY yields 1.01% while TNGY yields 4.46%, so TNGY currently pays the higher dividend yield.
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