SPY vs TOPW
State Street SPDR S&P 500 ETF Trust vs Roundhill Top WeeklyPay ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TOPW | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.32% | |
| AUM | $814.4B | $145M | |
| Dividend Yield | 1.01% | 51.50% | |
| Holdings | 505 | 13 | |
| YTD Return | +13.78% | -0.85% | |
| 1Y Return | +21.44% | -0.85% | |
| 3Y Return (annualized) | +21.38% | - | |
| 5Y Return (annualized) | +12.80% | - | |
| Volatility (annualized) | 15.2% | - | |
| Max Drawdown | -56.5% | -45.2% | |
| Fund Family | State Street Investment Management | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Sep 4, 2025 |
SPY vs TOPW Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Roundhill Top WeeklyPay ETF (TOPW) is a ETF from Roundhill Investments. Over the past year SPY returned +21.44% while TOPW returned -0.85%. Year to date, SPY is up 13.78% versus a loss of 0.85% for TOPW.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -45.2% for TOPW. 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 TOPW charges 0.32%. On a $10,000 position that is $9 vs $32 annually, a gap of $23 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 51.50% for TOPW.
Holdings Overlap
SPY and TOPW share 0 holdings out of 516 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 TOPW?
SPY has an expense ratio of 0.09% while TOPW charges 0.32%. SPY is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, SPY or TOPW?
Over the past year SPY returned +21.44% vs -0.85% for TOPW, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.83% vs +363.74% for TOPW. Past performance does not guarantee future results.
What is the holdings overlap between SPY and TOPW?
SPY and TOPW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, SPY or TOPW?
SPY yields 1.01% while TOPW yields 51.50%, so TOPW currently pays the higher dividend yield.
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