SPY vs TXUG
State Street SPDR S&P 500 ETF Trust vs Thornburg International Growth ETF
Which is better, SPY or TXUG?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | TXUG |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.70% |
| AUM | $804.7B | $4M |
| Dividend Yield | 0.98% | 0.45% |
| Holdings | 505 | 42 |
| YTD Return | +13.81%Best | +11.55% |
| 1Y Return | +16.94%Best | +6.89% |
| 3Y Return (annualized) | +22.84% | - |
| 5Y Return (annualized) | +13.50% | - |
| Volatility (annualized) | 12.9%Best | 14.1% |
| Max Drawdown | -18.8% | -18.6%Best |
| $10,000 over 1.7 years | $12,976Best | $11,139 |
| Fund Family | State Street Investment Management | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Jan 23, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 23, 2025 to Sep 22, 2026 (1.7 years).
SPY vs TXUG 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 1.7 years both funds cover.
SPY vs TXUG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Thornburg International Growth ETF (TXUG) is an ETF from Thornburg Investment Management. Over the past year SPY returned +16.94% while TXUG returned +6.89%. Year to date, SPY is up 13.81% versus a gain of 11.55% for TXUG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TXUG has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -18.6% for TXUG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TXUG charges 0.70%. On a $10,000 position that is $9 vs $70 annually, a gap of $61 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.45% for TXUG.
Holdings Overlap
At least 6.3% of SPY's money is in holdings TXUG also owns.
Stated as a floor: for TXUG, our book for it covers 93.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and TXUG share little of their money.
6 positions in common, counted across the 504 positions we hold weights for in SPY and 40 in TXUG, against full books of 505 and 42.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TXUG | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.79% | 1.45% | 2.34% |
| AMDAdvanced Micro Devices Inc | 1.14% | 3.76% | 2.62% |
| MAMastercard Inc | 0.71% | 2.87% | 2.16% |
| ANETArista Networks Inc Common Stock | 0.30% | 2.54% | 2.24% |
| WDCWestern Digital Corp Company Guar 11/28 3 | 0.24% | 1.38% | 1.14% |
| CDNSCadence Design Systems Inc. | 0.13% | 1.05% | 0.92% |
You are not choosing between two funds in isolation.
Whichever of SPY and TXUG 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 TXUG?
SPY has an expense ratio of 0.09% while TXUG charges 0.70%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, SPY or TXUG?
Over the past year SPY returned +16.94% vs +6.89% for TXUG, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +16.56% vs +6.55% for TXUG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TXUG?
TXUG has been the more volatile fund at 14.1% annualized versus 12.9% for SPY. Worst drawdown: SPY -18.8% vs TXUG -18.6%.
Should I hold both SPY and TXUG?
SPY and TXUG have a monthly-return correlation of 0.74, 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 TXUG?
At least 6.3% of SPY's money is in holdings TXUG also owns. Our book for TXUG is partial, so the real figure is this or higher. They hold 6 positions in common, counted across the 504 positions we hold weights for in SPY and 40 in TXUG.
Which pays a higher dividend, SPY or TXUG?
SPY yields 0.98% while TXUG yields 0.45%, so SPY currently pays the higher dividend yield.
Is TXUG better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.