DIME vs SPY

DIME vs SPY

Which is better, DIME or SPY?

Multi Alternative against Large Cap Blend.

DIME has a lower expense ratio. SPY led over the full window. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 86.6%.

Lower Fees: DIMEHigher Returns (full window): SPYLess Concentrated: SPY

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

MetricDIMESPY
Expense Ratio0.00%Best0.09%
AUM$3M$797.9B
Dividend Yield0.00%1.00%
Holdings14504
Volatility (annualized)67.6%13.1%Best
Max Drawdown-72.6%-8.9%Best
$10,000 over 1 years$4,066$11,559Best
Top 10 Weight86.6%37.1%Best
Fund FamilyValkyrie FundsState Street Investment Management
CategoryAlternativeEquity
StyleMulti AlternativeLarge Cap Blend
InceptionOct 6, 2025Jan 22, 1993

Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).

The two price series end 24 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DIME has data through Oct 20, 2026 and SPY through Nov 13, 2026.

Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 7, 2025 to Oct 20, 2026 (1 years).

Risk: Volatility and Drawdowns

DIME has been the more volatile fund, with annualized monthly volatility of 67.6% compared with 13.1% 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 -72.6% for DIME and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.24. They move largely independently of each other.

Fees and Cost Over Time

DIME charges 0.00% per year while SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, DIME currently yields 0.00% against 1.00% for SPY.

Holdings Overlap

We hold position weights for 13 holdings in DIME and 502 in SPY, totalling 99.9% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.

0 positions in common, counted across the 13 positions we hold weights for in DIME and 502 in SPY, against full books of 14 and 504.

What only one of them owns

Our book lists 500 positions for SPY that do not appear in our book for DIME (99.7% of the fund), and 1 for DIME that do not appear in SPY (0.8%).

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.

You are not choosing between two funds in isolation.

Whichever of DIME and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

DIMESPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, DIME or SPY?

DIME has an expense ratio of 0.00% while SPY charges 0.09%. DIME is the cheaper option, by $9 a year on a $10,000 investment.

Which is riskier, DIME or SPY?

DIME has been the more volatile fund at 67.6% annualized versus 13.1% for SPY. Worst drawdown: DIME -72.6% vs SPY -8.9%.

Should I hold both DIME and SPY?

DIME and SPY have a monthly-return correlation of 0.24, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, DIME or SPY?

DIME yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.

Is SPY better than DIME?

DIME has a lower expense ratio. SPY led over the full window. SPY is less concentrated, with 37.1% of the fund in its ten largest positions against 86.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.