CAML vs SPY
CAML vs SPY
Congress Large Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CAML | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $368M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 39 | 505 | |
| YTD Return | +4.28% | +11.49% | |
| 1Y Return | +6.80% | +21.37% | |
| 3Y Return (annualized) | +17.18% | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 14.9% | 15.3% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | Congress Asset Management Company | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Aug 22, 2023 | Jan 22, 1993 |
CAML vs SPY Performance
Congress Large Cap Growth ETF (CAML) is a ETF from Congress Asset Management Company and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CAML returned +6.80% while SPY returned +21.37%. Year to date, CAML is up 4.28% versus a gain of 11.49% for SPY.
Over three years, CAML compounded at +17.18% per year against +20.76% for SPY. Across the full 3-year window we track, CAML has the edge at +17.18% annualized vs +8.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.9% for CAML. 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 -21.1% for CAML and -56.5% for SPY. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CAML charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, CAML currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CAML and SPY share 32 holdings out of 509 unique holdings combined, representing a 35.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CAML | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 6.61% | 7.31% | 0.70% |
| AAPL | 5.53% | 7.09% | 1.56% |
| MSFT | 5.09% | 4.43% | 0.66% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| ANET | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GEV | Pro | Pro | Pro |
| ETN | Pro | Pro | Pro |
See all 10 holdings CAML shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CAML or SPY?
CAML has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, CAML or SPY?
Over the past year CAML returned +6.80% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), CAML annualized +17.18% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, CAML or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.9% for CAML. Worst drawdown: CAML -21.1% vs SPY -56.5%.
Should I hold both CAML and SPY?
CAML and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CAML and SPY?
CAML and SPY share 32 common holdings with a 35.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, CAML or SPY?
CAML yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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