SPY vs TPSC
State Street SPDR S&P 500 ETF Trust vs Timothy Plan US Small Cap Core ETF
Quick Verdict
SPY has a lower expense ratio. TPSC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TPSC | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.52% | |
| AUM | $789.1B | $363M | |
| Dividend Yield | 1.01% | 1.04% | |
| Holdings | 505 | 443 | |
| YTD Return | +13.75% | +17.18% | |
| 1Y Return | +22.91% | +24.61% | |
| 3Y Return (annualized) | +21.67% | +14.62% | |
| 5Y Return (annualized) | +13.32% | +8.78% | |
| Volatility (annualized) | 15.3% | 21.5% | |
| Max Drawdown | -56.5% | -41.9% | |
| Fund Family | State Street Investment Management | Timothy Plan | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Dec 2, 2019 |
SPY vs TPSC Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Timothy Plan US Small Cap Core ETF (TPSC) is a ETF from Timothy Plan. Over the past year SPY returned +22.91% while TPSC returned +24.61%. Year to date, SPY is up 13.75% versus a gain of 17.18% for TPSC.
Over three years, SPY compounded at +21.67% per year against +14.62% for TPSC; over five years the annualized figures are +13.32% and +8.78% respectively. Across the full 7-year window we track, TPSC has the edge at +11.66% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPSC has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 15.3% for SPY. 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 -41.9% for TPSC. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TPSC 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 1.01% against 1.04% for TPSC.
Holdings Overlap
SPY and TPSC share 1 holdings out of 940 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 TPSC | Difference |
|---|---|---|---|
| LITE | 0.09% | 0.61% | 0.52% |
Frequently Asked Questions
Which is cheaper, SPY or TPSC?
SPY has an expense ratio of 0.09% while TPSC charges 0.52%. SPY is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, SPY or TPSC?
Over the past year SPY returned +22.91% vs +24.61% for TPSC, so TPSC leads on 1-year performance. Over the longest common window we track (7 years), SPY annualized +8.85% vs +11.66% for TPSC. Past performance does not guarantee future results.
Which is riskier, SPY or TPSC?
TPSC has been the more volatile fund at 21.5% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TPSC -41.9%.
Should I hold both SPY and TPSC?
SPY and TPSC have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TPSC?
SPY and TPSC share 1 common holdings with a 0.1% weight overlap. Combined, they hold 940 unique securities.
Which pays a higher dividend, SPY or TPSC?
SPY yields 1.01% while TPSC yields 1.04%, so TPSC currently pays the higher dividend yield.
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