SPY vs TSLP
State Street SPDR S&P 500 ETF Trust vs Kurv Yield Premium Strategy Tesla ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TSLP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.00% | |
| AUM | $789.1B | $16M | |
| Dividend Yield | 1.01% | 28.16% | |
| Holdings | 505 | 10 | |
| YTD Return | +13.39% | -40.35% | |
| 1Y Return | +22.52% | -25.63% | |
| 3Y Return (annualized) | +21.36% | - | |
| 5Y Return (annualized) | +13.19% | - | |
| Volatility (annualized) | 15.3% | 49.8% | |
| Max Drawdown | -56.5% | -67.7% | |
| Fund Family | State Street Investment Management | Kurv | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Oct 27, 2023 |
SPY vs TSLP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Kurv Yield Premium Strategy Tesla ETF (TSLP) is a ETF from Kurv. Over the past year SPY returned +22.52% while TSLP returned -25.63%. Year to date, SPY is up 13.39% versus a loss of 40.35% for TSLP.
Risk: Volatility and Drawdowns
TSLP has been the more volatile fund, with annualized monthly volatility of 49.8% 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 -67.7% for TSLP. 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLP charges 1.00%. On a $10,000 position that is $9 vs $100 annually, a gap of $91 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 28.16% for TSLP.
Holdings Overlap
SPY and TSLP share 0 holdings out of 504 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 TSLP?
SPY has an expense ratio of 0.09% while TSLP charges 1.00%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, SPY or TSLP?
Over the past year SPY returned +22.52% vs -25.63% for TSLP, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.84% vs -18.90% for TSLP. Past performance does not guarantee future results.
Which is riskier, SPY or TSLP?
TSLP has been the more volatile fund at 49.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLP -67.7%.
Should I hold both SPY and TSLP?
SPY and TSLP have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLP?
SPY and TSLP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or TSLP?
SPY yields 1.01% while TSLP yields 28.16%, so TSLP currently pays the higher dividend yield.
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