SPY vs YOKE
State Street SPDR S&P 500 ETF Trust vs Yoke Core ETF
Which is better, SPY or YOKE?
Large Cap Blend against Allocation/Balanced.
SPY has a lower expense ratio. SPY led over 1Y and the full window. YOKE is less concentrated, with 34.8% of the fund in its ten largest positions against 38.0%.
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 | YOKE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.31% |
| AUM | $804.7B | $232M |
| Dividend Yield | 0.98% | 0.74% |
| Holdings | 505 | 53 |
| YTD Return | +12.47% | +13.95%Best |
| 1Y Return | +17.51%Best | +14.35% |
| 3Y Return (annualized) | +21.18% | - |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 13.1% | 12.8%Best |
| Max Drawdown | -16.6% | -14.3%Best |
| $10,000 over 1.5 years | $12,919Best | $12,607 |
| Top 10 Weight | 38.0% | 34.8%Best |
| Fund Family | State Street Investment Management | Yoke ETF |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Allocation/Balanced |
| Inception | Jan 22, 1993 | Feb 21, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Feb 24, 2025 to Sep 11, 2026 (1.5 years).
SPY vs YOKE 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 1.5 years both funds cover.
SPY vs YOKE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Yoke Core ETF (YOKE) is an ETF from Yoke ETF. Over the past year SPY returned +17.51% while YOKE returned +14.35%. Year to date, SPY is up 12.47% versus a gain of 13.95% for YOKE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.8% for YOKE. 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 -16.6% for SPY and -14.3% for YOKE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while YOKE charges 0.31%. On a $10,000 position that is $9 vs $31 annually, a gap of $22 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.74% for YOKE.
Holdings Overlap
41.1% of SPY's money is in holdings YOKE also owns. 87.8% of YOKE's money is in holdings SPY also owns.
Most of YOKE is already inside SPY. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 504 positions we hold weights for in SPY and 52 in YOKE, against full books of 505 and 53.
What only one of them owns
Our book lists 2 positions for YOKE that do not appear in our book for SPY (0.5% of the fund), and 448 for SPY that do not appear in YOKE (58.4%).
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 YOKE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.71% | 4.13% | 3.58% |
| AAPLApple, Inc | 6.83% | 2.48% | 4.35% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.50% | 2.49% | 3.01% |
| GOOGLAlphabet A Usd 0.001 | 3.33% | 4.45% | 1.12% |
| AMZNAmazon.Com Inc | 4.08% | 2.27% | 1.81% |
| METAMeta Platforms, Inc. | 1.94% | 2.29% | 0.35% |
| EMEEmcor Group Inc | 0.05% | 4.16% | 4.11% |
| JNJJohnson & Johnson | 0.92% | 3.12% | 2.20% |
| XOMExxon Mobil Corp. | 0.96% | 2.51% | 1.55% |
| TJXTjx Cos., Inc. | 0.26% | 3.14% | 2.88% |
87.8% of YOKE 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 YOKE?
SPY has an expense ratio of 0.09% while YOKE charges 0.31%. SPY is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, SPY or YOKE?
Over the past year SPY returned +17.51% vs +14.35% for YOKE, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +18.62% vs +16.70% for YOKE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or YOKE?
SPY has been the more volatile fund at 13.1% annualized versus 12.8% for YOKE. Worst drawdown: SPY -16.6% vs YOKE -14.3%.
Should I hold both SPY and YOKE?
SPY and YOKE have a monthly-return correlation of 0.82, 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 YOKE?
87.8% of YOKE's money is in holdings SPY also owns. 87.8% of YOKE's is in holdings SPY also owns. They hold 46 positions in common, counted across the 504 positions we hold weights for in SPY and 52 in YOKE.
Which pays a higher dividend, SPY or YOKE?
SPY yields 0.98% while YOKE yields 0.74%, so SPY currently pays the higher dividend yield.
Is YOKE better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. YOKE is less concentrated, with 34.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.