SPY vs TSLW
State Street SPDR S&P 500 ETF Trust vs Roundhill TSLA WeeklyPay ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TSLW | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.99% | |
| AUM | $821.1B | $72M | |
| Dividend Yield | 1.01% | 121.28% | |
| Holdings | 505 | 5 | |
| YTD Return | +12.22% | -38.80% | |
| 1Y Return | +20.83% | -14.29% | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | 59.0% | |
| Max Drawdown | -56.5% | -54.3% | |
| Fund Family | State Street Investment Management | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Feb 19, 2025 |
SPY vs TSLW Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Roundhill TSLA WeeklyPay ETF (TSLW) is a ETF from Roundhill Investments. Over the past year SPY returned +20.83% while TSLW returned -14.29%. Year to date, SPY is up 12.22% versus a loss of 38.80% for TSLW.
Risk: Volatility and Drawdowns
TSLW has been the more volatile fund, with annualized monthly volatility of 59.0% 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 -54.3% for TSLW. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLW charges 0.99%. On a $10,000 position that is $9 vs $99 annually, a gap of $90 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 121.28% for TSLW.
Holdings Overlap
SPY and TSLW share 1 holdings out of 505 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TSLW | Difference |
|---|---|---|---|
| TSLA | 1.38% | 19.90% | 18.52% |
Frequently Asked Questions
Which is cheaper, SPY or TSLW?
SPY has an expense ratio of 0.09% while TSLW charges 0.99%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, SPY or TSLW?
Over the past year SPY returned +20.83% vs -14.29% for TSLW, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.79% vs -8.00% for TSLW. Past performance does not guarantee future results.
Which is riskier, SPY or TSLW?
TSLW has been the more volatile fund at 59.0% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLW -54.3%.
Should I hold both SPY and TSLW?
SPY and TSLW have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLW?
SPY and TSLW share 1 common holdings with a 1.4% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or TSLW?
SPY yields 1.01% while TSLW yields 121.28%, so TSLW currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.