SPY vs TRTY
State Street SPDR S&P 500 ETF Trust vs Cambria Trinity ETF
Which is better, SPY or TRTY?
Large Cap Blend against Tactical Allocation.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.5%.
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 | TRTY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.46% |
| AUM | $814.4B | $281M |
| Dividend Yield | 1.01% | 2.88% |
| Holdings | 505 | 31 |
| YTD Return | +13.34%Best | +12.36% |
| 1Y Return | +19.97%Best | +18.82% |
| 3Y Return (annualized) | +21.20%Best | +11.55% |
| 5Y Return (annualized) | +12.81%Best | +6.71% |
| Volatility (annualized) | 16.8% | 9.5%Best |
| Max Drawdown | -34.1% | -22.3%Best |
| $10,000 over 5 years | $18,270Best | $13,836 |
| Top 10 Weight | 38.0%Best | 64.5% |
| Fund Family | State Street Investment Management | Cambria Investment Management |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Tactical Allocation |
| Inception | Jan 22, 1993 | Sep 10, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Sep 12, 2018 to Sep 4, 2026 (8 years).
SPY vs TRTY 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 years both funds cover.
SPY vs TRTY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Cambria Trinity ETF (TRTY) is an ETF from Cambria Investment Management. Over the past year SPY returned +19.97% while TRTY returned +18.82%. Year to date, SPY is up 13.34% versus a gain of 12.36% for TRTY.
Over three years, SPY compounded at +21.20% per year against +11.55% for TRTY; over five years the annualized figures are +12.81% and +6.71% respectively. Across the full 8-year window we track, SPY has the edge at +14.12% annualized vs +6.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 9.5% for TRTY. 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 -22.3% for TRTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TRTY charges 0.46%. On a $10,000 position that is $9 vs $46 annually, a gap of $37 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.88% for TRTY.
Holdings Overlap
We hold position weights for 503 holdings in SPY and 30 in TRTY, totalling 100.0% and 100.0% 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 503 positions we hold weights for in SPY and 30 in TRTY, against full books of 505 and 31.
What only one of them owns
Our book lists 29 positions for TRTY that do not appear in our book for SPY (91.5% of the fund), and 493 for SPY that do not appear in TRTY (99.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPY and TRTY 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 TRTY?
SPY has an expense ratio of 0.09% while TRTY charges 0.46%. SPY is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, SPY or TRTY?
Over the past year SPY returned +19.97% vs +18.82% for TRTY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +14.12% vs +6.34% for TRTY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TRTY?
SPY has been the more volatile fund at 16.8% annualized versus 9.5% for TRTY. Worst drawdown: SPY -34.1% vs TRTY -22.3%.
Should I hold both SPY and TRTY?
SPY and TRTY have a monthly-return correlation of 0.76, 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 TRTY?
SPY yields 1.01% while TRTY yields 2.88%, so TRTY currently pays the higher dividend yield.
Is TRTY better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 64.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.