SPY vs TRPA
State Street SPDR S&P 500 ETF Trust vs Hartford AAA CLO ETF
Which is better, SPY or TRPA?
Large Cap Blend against Short Term Bond.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y 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 | TRPA |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.24% |
| AUM | $804.7B | $111M |
| Dividend Yield | 0.98% | 4.91% |
| Holdings | 505 | 138 |
| YTD Return | +12.47%Best | +0.09% |
| 1Y Return | +17.51%Best | +1.21% |
| 3Y Return (annualized) | +21.18%Best | +5.11% |
| 5Y Return (annualized) | +12.88%Best | +2.81% |
| Volatility (annualized) | 16.6% | 3.4%Best |
| Max Drawdown | -34.1% | -10.8%Best |
| $10,000 over 5 years | $18,327Best | $11,486 |
| Fund Family | State Street Investment Management | Hartford Funds |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term Bond |
| Inception | Jan 22, 1993 | May 30, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 31, 2018 to Sep 11, 2026 (8.3 years).
SPY vs TRPA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.3 years both funds cover.
SPY vs TRPA Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Hartford AAA CLO ETF (TRPA) is an ETF from Hartford Funds. Over the past year SPY returned +17.51% while TRPA returned +1.21%. Year to date, SPY is up 12.47% versus a gain of 0.09% for TRPA.
Over three years, SPY compounded at +21.18% per year against +5.11% for TRPA; over five years the annualized figures are +12.88% and +2.81% respectively. Across the full 8-year window we track, SPY has the edge at +14.36% annualized vs +3.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 3.4% for TRPA. 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 -34.1% for SPY and -10.8% for TRPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TRPA charges 0.24%. On a $10,000 position that is $9 vs $24 annually, a gap of $15 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 4.91% for TRPA.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 9 in TRPA, totalling 100.0% and 8.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 9 in TRPA, against full books of 505 and 138.
You are not choosing between two funds in isolation.
Whichever of SPY and TRPA 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 TRPA?
SPY has an expense ratio of 0.09% while TRPA charges 0.24%. SPY is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, SPY or TRPA?
Over the past year SPY returned +17.51% vs +1.21% for TRPA, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +14.36% vs +3.12% for TRPA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TRPA?
SPY has been the more volatile fund at 16.6% annualized versus 3.4% for TRPA. Worst drawdown: SPY -34.1% vs TRPA -10.8%.
Should I hold both SPY and TRPA?
SPY and TRPA have a monthly-return correlation of 0.61, 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 TRPA?
SPY yields 0.98% while TRPA yields 4.91%, so TRPA currently pays the higher dividend yield.
Is TRPA better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.