SPY vs TYLG
State Street SPDR S&P 500 ETF Trust vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
SPY has a lower expense ratio. TYLG delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.60% | |
| AUM | $821.1B | $15M | |
| Dividend Yield | 1.01% | 8.89% | |
| Holdings | 505 | 78 | |
| YTD Return | +12.71% | +19.70% | |
| 1Y Return | +20.53% | +32.42% | |
| 3Y Return (annualized) | +21.60% | +22.80% | |
| 5Y Return (annualized) | +12.79% | - | |
| Volatility (annualized) | 15.3% | 15.8% | |
| Max Drawdown | -56.5% | -24.5% | |
| Fund Family | State Street Investment Management | Global X by mirae Asset | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Nov 21, 2022 |
SPY vs TYLG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year SPY returned +20.53% while TYLG returned +32.42%. Year to date, SPY is up 12.71% versus a gain of 19.70% for TYLG.
Over three years, SPY compounded at +21.60% per year against +22.80% for TYLG. Across the full 4-year window we track, TYLG has the edge at +24.63% annualized vs +8.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.5% for TYLG. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TYLG charges 0.60%. On a $10,000 position that is $9 vs $60 annually, a gap of $51 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 8.89% for TYLG.
Holdings Overlap
SPY and TYLG share 72 holdings out of 506 unique holdings combined, representing a 33.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TYLG?
SPY has an expense ratio of 0.09% while TYLG charges 0.60%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, SPY or TYLG?
Over the past year SPY returned +20.53% vs +32.42% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.80% vs +24.63% for TYLG. Past performance does not guarantee future results.
Which is riskier, SPY or TYLG?
TYLG has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TYLG -24.5%.
Should I hold both SPY and TYLG?
SPY and TYLG have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TYLG?
SPY and TYLG share 72 common holdings with a 33.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPY or TYLG?
SPY yields 1.01% while TYLG yields 8.89%, so TYLG currently pays the higher dividend yield.
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