SPY vs TTEQ
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Technology ETF
Which is better, SPY or TTEQ?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. TTEQ led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 48.6%.
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 | TTEQ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.63% |
| AUM | $804.7B | $439M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 85 |
| YTD Return | +11.52% | +26.67%Best |
| 1Y Return | +17.48% | +33.67%Best |
| 3Y Return (annualized) | +20.62% | - |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 12.9%Best | 27.8% |
| Max Drawdown | -18.8%Best | -27.0% |
| $10,000 over 1.9 years | $13,397 | $16,631Best |
| Top 10 Weight | 38.0%Best | 48.6% |
| Fund Family | State Street Investment Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Oct 23, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 24, 2024 to Sep 10, 2026 (1.9 years).
SPY vs TTEQ 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 1.9 years both funds cover.
SPY vs TTEQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and T. Rowe Price Technology ETF (TTEQ) is an ETF from T.Rowe Price. Over the past year SPY returned +17.48% while TTEQ returned +33.67%. Year to date, SPY is up 11.52% versus a gain of 26.67% for TTEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TTEQ has been the more volatile fund, with annualized monthly volatility of 27.8% compared with 12.9% 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 -18.8% for SPY and -27.0% for TTEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TTEQ charges 0.63%. On a $10,000 position that is $9 vs $63 annually, a gap of $54 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for TTEQ.
Holdings Overlap
44.2% of SPY's money is in holdings TTEQ also owns. 55.8% of TTEQ's money is in holdings SPY also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 504 positions we hold weights for in SPY and 70 in TTEQ, against full books of 505 and 85.
What only one of them owns
Our book lists 15 positions for TTEQ that do not appear in our book for SPY (10.0% of the fund), and 463 for SPY that do not appear in TTEQ (55.3%).
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.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TTEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.71% | 10.72% | 3.01% |
| AAPLApple, Inc | 6.83% | 3.14% | 3.69% |
| AVGOBroadcom Inc | 2.97% | 5.93% | 2.96% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.50% | 1.03% | 4.47% |
| AMZNAmazon.Com Inc | 4.08% | 2.35% | 1.73% |
| GOOGLAlphabet A Usd 0.001 | 3.33% | 2.46% | 0.87% |
| INTCIntel Corp. | 0.72% | 4.21% | 3.49% |
| GOOGAlphabet Inc | 2.67% | 2.18% | 0.49% |
| MUMicron Technology, Inc. | 1.51% | 3.26% | 1.75% |
| METAMeta Platforms, Inc. | 1.94% | 1.54% | 0.40% |
55.8% of TTEQ is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TTEQ?
SPY has an expense ratio of 0.09% while TTEQ charges 0.63%. SPY is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, SPY or TTEQ?
Over the past year SPY returned +17.48% vs +33.67% for TTEQ, so TTEQ leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +16.64% vs +30.70% for TTEQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TTEQ?
TTEQ has been the more volatile fund at 27.8% annualized versus 12.9% for SPY. Worst drawdown: SPY -18.8% vs TTEQ -27.0%.
Should I hold both SPY and TTEQ?
SPY and TTEQ have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and TTEQ?
55.8% of TTEQ's money is in holdings SPY also owns. 55.8% of TTEQ's is in holdings SPY also owns. They hold 31 positions in common, counted across the 504 positions we hold weights for in SPY and 70 in TTEQ.
Which pays a higher dividend, SPY or TTEQ?
SPY yields 0.98% while TTEQ yields 0.00%, so SPY currently pays the higher dividend yield.
Is TTEQ better than SPY?
SPY has a lower expense ratio. TTEQ led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 48.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.