SPY vs TSRS

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricSPYTSRSWinner
Expense Ratio0.09%0.65%
AUM$789.1B$3M
Dividend Yield1.01%1.59%
Holdings50528
YTD Return+13.68%+10.86%
1Y Return+21.53%-
3Y Return (annualized)+21.44%-
5Y Return (annualized)+13.18%-
Volatility (annualized)15.3%-
Max Drawdown-56.5%-8.3%
Fund FamilyState Street Investment ManagementTruth Social Funds
CategoryEquityEquity
InceptionJan 22, 1993Dec 30, 2025

SPY vs TSRS Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Truth Social American Red State REITs ETF (TSRS) is a ETF from Truth Social Funds. Year to date, SPY is up 13.68% versus a gain of 10.86% for TSRS.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.3% for TSRS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

SPY charges 0.09% per year while TSRS charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.59% for TSRS.

Holdings Overlap

0.2%overlap

SPY and TSRS share 5 holdings out of 524 unique holdings combined, representing a 0.2% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SPYWeight in TSRSDifference
VICI0.04%7.34%7.30%
O0.09%6.81%6.72%
MAA0.03%4.19%4.16%
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Frequently Asked Questions

Which is cheaper, SPY or TSRS?

SPY has an expense ratio of 0.09% while TSRS charges 0.65%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.

What is the holdings overlap between SPY and TSRS?

SPY and TSRS share 5 common holdings with a 0.2% weight overlap. Combined, they hold 524 unique securities.

Which pays a higher dividend, SPY or TSRS?

SPY yields 1.01% while TSRS yields 1.59%, so TSRS currently pays the higher dividend yield.

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