SPY vs TRSY
State Street SPDR S&P 500 ETF Trust vs Xtrackers US 0-1 Year Treasury ETF
Which is better, SPY or TRSY?
Large Cap Blend against Short Term Government Bond.
TRSY 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 | TRSY |
|---|---|---|
| Expense Ratio | 0.09% | 0.06%Best |
| AUM | $811.2B | $101M |
| Dividend Yield | 0.98% | 3.53% |
| Holdings | 1,515 | 178 |
| YTD Return | +12.70%Best | +0.13% |
| 1Y Return | +15.53%Best | +0.77% |
| 3Y Return (annualized) | +22.86% | - |
| 5Y Return (annualized) | +13.47% | - |
| Volatility (annualized) | 12.6% | 0.7%Best |
| Max Drawdown | -18.8% | -0.8%Best |
| $10,000 over 2 years | $13,591Best | $10,517 |
| Fund Family | State Street Investment Management | Xtrackers ETFs |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term Government Bond |
| Inception | Jan 22, 1993 | Oct 9, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 9, 2024 to Oct 1, 2026 (2 years).
SPY vs TRSY 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 2 years both funds cover.
SPY vs TRSY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Xtrackers US 0-1 Year Treasury ETF (TRSY) is an ETF from Xtrackers ETFs. Over the past year SPY returned +15.53% while TRSY returned +0.77%. Year to date, SPY is up 12.70% versus a gain of 0.13% for TRSY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 0.7% for TRSY. 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 -18.8% for SPY and -0.8% for TRSY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.13. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while TRSY charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 3.53% for TRSY.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 47 in TRSY, totalling 99.8% and 34.2% 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 47 in TRSY, against full books of 1,515 and 178.
You are not choosing between two funds in isolation.
Whichever of SPY and TRSY 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 TRSY?
SPY has an expense ratio of 0.09% while TRSY charges 0.06%. TRSY is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SPY or TRSY?
Over the past year SPY returned +15.53% vs +0.77% for TRSY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +16.58% vs +2.55% for TRSY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TRSY?
SPY has been the more volatile fund at 12.6% annualized versus 0.7% for TRSY. Worst drawdown: SPY -18.8% vs TRSY -0.8%.
Should I hold both SPY and TRSY?
SPY and TRSY have a monthly-return correlation of 0.13, 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 TRSY?
SPY yields 0.98% while TRSY yields 3.53%, so TRSY currently pays the higher dividend yield.
Is TRSY better than SPY?
TRSY 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.