SPY vs TROT
State Street SPDR S&P 500 ETF Trust vs Invesco MSCI Treasury Duration Rotation ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TROT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.15% | |
| AUM | $789.1B | $980,091.3 | |
| Dividend Yield | 1.01% | 1.16% | |
| Holdings | 505 | 90 | |
| YTD Return | +14.47% | +0.03% | |
| 1Y Return | +21.96% | - | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -1.3% | |
| Fund Family | State Street Investment Management | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 25, 2026 |
SPY vs TROT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Invesco MSCI Treasury Duration Rotation ETF (TROT) is a ETF from Invesco (US). Year to date, SPY is up 14.47% versus a gain of 0.03% for TROT.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -1.3% for TROT. 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 TROT charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.16% for TROT.
Holdings Overlap
SPY and TROT share 0 holdings out of 578 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 TROT?
SPY has an expense ratio of 0.09% while TROT charges 0.15%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
What is the holdings overlap between SPY and TROT?
SPY and TROT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 578 unique securities.
Which pays a higher dividend, SPY or TROT?
SPY yields 1.01% while TROT yields 1.16%, so TROT currently pays the higher dividend yield.
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