FLXR vs SPY
FLXR vs SPY
TCW Flexible Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. FLXR offers more diversification with 550 holdings.
Side-by-Side Comparison
| Metric | FLXR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | 5.81% | 1.01% | |
| Holdings | 1,519 | 505 | |
| YTD Return | +0.99% | +11.49% | |
| 1Y Return | +3.56% | +21.37% | |
| 3Y Return (annualized) | - | +20.76% | |
| 5Y Return (annualized) | - | +12.94% | |
| Volatility (annualized) | 3.0% | 15.3% | |
| Max Drawdown | -1.9% | -56.5% | |
| Fund Family | TCW ETFs | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2024 | Jan 22, 1993 |
FLXR vs SPY Performance
TCW Flexible Income ETF (FLXR) is a ETF from TCW ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FLXR returned +3.56% while SPY returned +21.37%. Year to date, FLXR is up 0.99% versus a gain of 11.49% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.0% for FLXR. 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 -1.9% for FLXR 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLXR charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, FLXR currently yields 5.81% against 1.01% for SPY.
Holdings Overlap
FLXR and SPY share 1 holdings out of 1052 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLXR | Weight in SPY | Difference |
|---|---|---|---|
| CNP | 0.18% | 0.04% | 0.14% |
Frequently Asked Questions
Which is cheaper, FLXR or SPY?
FLXR has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, FLXR or SPY?
Over the past year FLXR returned +3.56% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FLXR annualized +6.68% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, FLXR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.0% for FLXR. Worst drawdown: FLXR -1.9% vs SPY -56.5%.
Should I hold both FLXR and SPY?
FLXR and SPY have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLXR and SPY?
FLXR and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1052 unique securities.
Which pays a higher dividend, FLXR or SPY?
FLXR yields 5.81% while SPY yields 1.01%, so FLXR currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.