SPY vs TPHE
State Street SPDR S&P 500 ETF Trust vs Timothy Plan High Dividend Stock Enhanced ETF
Which is better, SPY or TPHE?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TPHE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.52% |
| AUM | $804.7B | $24M |
| Dividend Yield | 0.98% | 2.23% |
| Holdings | 505 | 100 |
| Volatility (annualized) | 16.1% | 14.0%Best |
| Max Drawdown | -24.5% | -21.4%Best |
| $10,000 over 4.2 years | $16,150Best | $11,387 |
| Fund Family | State Street Investment Management | Timothy Plan |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Jul 28, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 342 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SPY has data through Sep 10, 2026 and TPHE through Oct 3, 2025.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Jul 29, 2021 to Oct 3, 2025 (4.2 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.0% for TPHE. 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 -24.5% for SPY and -21.4% for TPHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TPHE charges 0.52%. On a $10,000 position that is $9 vs $52 annually, a gap of $43 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.23% for TPHE.
You are not choosing between two funds in isolation.
Whichever of SPY and TPHE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TPHE?
SPY has an expense ratio of 0.09% while TPHE charges 0.52%. SPY is the cheaper option, by $43 a year on a $10,000 investment.
Which is riskier, SPY or TPHE?
SPY has been the more volatile fund at 16.1% annualized versus 14.0% for TPHE. Worst drawdown: SPY -24.5% vs TPHE -21.4%.
Should I hold both SPY and TPHE?
SPY and TPHE have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TPHE?
SPY yields 0.98% while TPHE yields 2.23%, so TPHE currently pays the higher dividend yield.
Is TPHE better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.