SPY vs TYLG
State Street SPDR S&P 500 ETF Trust vs Global X Information Technology Covered Call & Growth ETF
Which is better, SPY or TYLG?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio. TYLG led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 81.6%.
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 | TYLG |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.60% |
| AUM | $804.7B | $15M |
| Dividend Yield | 0.98% | 8.68% |
| Holdings | 505 | 77 |
| YTD Return | +11.97% | +22.76%Best |
| 1Y Return | +16.40% | +30.99%Best |
| 3Y Return (annualized) | +21.10% | +23.96%Best |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 13.0%Best | 15.8% |
| Max Drawdown | -18.8%Best | -24.5% |
| $10,000 over 3.8 years | $19,949 | $23,391Best |
| Top 10 Weight | 37.8%Best | 81.6% |
| Fund Family | State Street Investment Management | Global X by mirae Asset |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Nov 21, 2022 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 22, 2022 to Sep 14, 2026 (3.8 years).
SPY vs TYLG 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 3.8 years both funds cover.
SPY vs TYLG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Global X Information Technology Covered Call & Growth ETF (TYLG) is an ETF from Global X by mirae Asset. Over the past year SPY returned +16.40% while TYLG returned +30.99%. Year to date, SPY is up 11.97% versus a gain of 22.76% for TYLG.
Over three years, SPY compounded at +21.10% per year against +23.96% for TYLG. Across the full 4-year window we track, TYLG has the edge at +25.06% annualized vs +19.93%.
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 13.0% 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 -24.5% for TYLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.98% against 8.68% for TYLG.
Holdings Overlap
37.5% of SPY's money is in holdings TYLG also owns. 46.5% of TYLG's money is in holdings SPY also owns.
The two portfolios partly overlap.
72 positions in common, counted across the 504 positions we hold weights for in SPY and 74 in TYLG, against full books of 505 and 77.
What only one of them owns
Measured across the 504 and 74 positions we hold weights for.
SPY holds 425 positions TYLG does not, 61.8% of the fund.
Largest: AMZN 3.79%, GOOGL 2.99%, GOOG 2.39%, META 1.93%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in SPY | Weight in TYLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 6.74% | 1.27% |
| AAPLApple, Inc | 7.26% | 6.11% | 1.15% |
| MSFTMicrosoft Corp | 5.66% | 4.77% | 0.89% |
| AVGOBroadcom Inc | 2.66% | 2.24% | 0.42% |
| MUMicron Technology, Inc. | 1.60% | 1.85% | 0.25% |
| AMDAdvanced Micro Devices Inc | 1.14% | 1.83% | 0.69% |
| INTCIntel Corporation | 0.67% | 1.37% | 0.70% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.35% | 0.69% |
| PLTRPalantir Technologies Inc | 0.63% | 1.29% | 0.66% |
| LRCXLam Research Corp | 0.55% | 1.13% | 0.58% |
46.5% of TYLG 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.
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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, by $51 a year on a $10,000 investment.
Which performed better, SPY or TYLG?
Over the past year SPY returned +16.40% vs +30.99% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +19.93% vs +25.06% for TYLG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TYLG?
TYLG has been the more volatile fund at 15.8% annualized versus 13.0% for SPY. Worst drawdown: SPY -18.8% vs TYLG -24.5%.
Should I hold both SPY and TYLG?
SPY and TYLG have a monthly-return correlation of 0.84, 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 TYLG?
46.5% of TYLG's money is in holdings SPY also owns. 46.5% of TYLG's is in holdings SPY also owns. They hold 72 positions in common, counted across the 504 positions we hold weights for in SPY and 74 in TYLG.
Which pays a higher dividend, SPY or TYLG?
SPY yields 0.98% while TYLG yields 8.68%, so TYLG currently pays the higher dividend yield.
Is TYLG better than SPY?
SPY has a lower expense ratio. TYLG led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 81.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.