SPY vs TTT
State Street SPDR S&P 500 ETF Trust vs ProShares UltraPro Short 20 Year Treasury
Which is better, SPY or TTT?
Large Cap Blend against Trading-Inverse Debt.
SPY has a lower expense ratio. SPY led over 3Y and the full window, TTT over 1Y and 5Y.
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 | TTT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.95% |
| AUM | $804.7B | $17M |
| Dividend Yield | 0.98% | 8.53% |
| Holdings | 505 | 10 |
| YTD Return | +12.09% | +18.78%Best |
| 1Y Return | +16.29% | +24.79%Best |
| 3Y Return (annualized) | +21.20%Best | +3.48% |
| 5Y Return (annualized) | +13.37% | +26.29%Best |
| Volatility (annualized) | 14.1%Best | 38.9% |
| Max Drawdown | -34.1%Best | -94.1% |
| $10,000 over 5 years | $18,728 | $32,125Best |
| Fund Family | State Street Investment Management | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Inverse Debt |
| Inception | Jan 22, 1993 | Mar 27, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 29, 2012 to Sep 18, 2026 (14.5 years).
SPY vs TTT 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 14.5 years both funds cover.
SPY vs TTT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and ProShares UltraPro Short 20 Year Treasury (TTT) is an ETF from ProShares. Over the past year SPY returned +16.29% while TTT returned +24.79%. Year to date, SPY is up 12.09% versus a gain of 18.78% for TTT.
Over three years, SPY compounded at +21.20% per year against +3.48% for TTT; over five years the annualized figures are +13.37% and +26.29% respectively. Across the full 15-year window we track, SPY has the edge at +12.98% annualized vs -9.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TTT has been the more volatile fund, with annualized monthly volatility of 38.9% compared with 14.1% 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 -34.1% for SPY and -94.1% for TTT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.06. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while TTT charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 8.53% for TTT.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 1 in TTT, totalling 99.9% and 71.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in TTT, against full books of 505 and 10.
You are not choosing between two funds in isolation.
Whichever of SPY and TTT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TTT?
SPY has an expense ratio of 0.09% while TTT charges 0.95%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, SPY or TTT?
Over the past year SPY returned +16.29% vs +24.79% for TTT, so TTT leads on 1-year performance. Over the longest common window we track (15 years), SPY annualized +12.98% vs -9.12% for TTT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TTT?
TTT has been the more volatile fund at 38.9% annualized versus 14.1% for SPY. Worst drawdown: SPY -34.1% vs TTT -94.1%.
Should I hold both SPY and TTT?
SPY and TTT have a monthly-return correlation of -0.06, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TTT?
SPY yields 0.98% while TTT yields 8.53%, so TTT currently pays the higher dividend yield.
Is TTT better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, TTT over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.