SPY vs TRUD

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricSPYTRUDWinner
Expense Ratio0.09%0.16%
AUM$789.1B$38M
Dividend Yield1.01%0.34%
Holdings50552
YTD Return+14.47%+2.57%
1Y Return+21.96%+8.07%
3Y Return (annualized)+21.70%-
5Y Return (annualized)+13.30%-
Volatility (annualized)15.3%16.7%
Max Drawdown-56.5%-16.0%
Fund FamilyState Street Investment ManagementVanEck
CategoryEquityEquity
InceptionJan 22, 1993Aug 20, 2025

SPY vs TRUD Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and VanEck Consumer Discretionary TruSector ETF (TRUD) is a ETF from VanEck. Over the past year SPY returned +21.96% while TRUD returned +8.07%. Year to date, SPY is up 14.47% versus a gain of 2.57% for TRUD.

Risk: Volatility and Drawdowns

TRUD has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -16.0% for TRUD. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

SPY charges 0.09% per year while TRUD charges 0.16%. On a $10,000 position that is $9 vs $16 annually, a gap of $7 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.34% for TRUD.

Holdings Overlap

9.1%overlap

SPY and TRUD share 47 holdings out of 504 unique holdings combined, representing a 9.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SPYWeight in TRUDDifference
AMZN3.69%26.40%22.71%
TSLA1.82%6.44%4.62%
HD0.54%2.31%1.77%
MCDProProPro
TJXProProPro
LOWProProPro
SBUXProProPro
MARProProPro
BKNGProProPro
HLTProProPro
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Frequently Asked Questions

Which is cheaper, SPY or TRUD?

SPY has an expense ratio of 0.09% while TRUD charges 0.16%. SPY is the cheaper option. On a $10,000 investment, that is $7 per year of difference.

Which performed better, SPY or TRUD?

Over the past year SPY returned +21.96% vs +8.07% for TRUD, so SPY leads on 1-year performance. Past performance does not guarantee future results.

Which is riskier, SPY or TRUD?

TRUD has been the more volatile fund at 16.7% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TRUD -16.0%.

Should I hold both SPY and TRUD?

SPY and TRUD have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between SPY and TRUD?

SPY and TRUD share 47 common holdings with a 9.1% weight overlap. Combined, they hold 504 unique securities.

Which pays a higher dividend, SPY or TRUD?

SPY yields 1.01% while TRUD yields 0.34%, so SPY currently pays the higher dividend yield.

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