INFO vs SPY

Quick Verdict

SPY has a lower expense ratio. INFO delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: INFOMore Diversified: SPY

Side-by-Side Comparison

MetricINFOSPYWinner
Expense Ratio0.35%0.09%
AUM$830M$789.1B
Dividend Yield0.32%1.01%
Holdings131505
YTD Return+13.69%+11.49%
1Y Return+25.33%+21.37%
3Y Return (annualized)-+20.76%
5Y Return (annualized)-+12.94%
Volatility (annualized)13.3%15.3%
Max Drawdown-19.6%-56.5%
Fund FamilyHarbor FundsState Street Investment Management
CategoryEquityEquity
InceptionOct 8, 2024Jan 22, 1993

INFO vs SPY Performance

Harbor PanAgora Dynamic Large Cap Core ETF (INFO) is a ETF from Harbor Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year INFO returned +25.33% while SPY returned +21.37%. Year to date, INFO is up 13.69% 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 13.3% for INFO. 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 -19.6% for INFO 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

INFO 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, INFO currently yields 0.32% against 1.01% for SPY.

Holdings Overlap

55.4%overlap

INFO and SPY share 117 holdings out of 532 unique holdings combined, representing a 55.4% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in INFOWeight in SPYDifference
NVDA8.33%7.31%1.02%
AAPL8.31%7.09%1.22%
GOOGL5.76%3.32%2.44%
MSFTProProPro
AMZNProProPro
AVGOProProPro
METAProProPro
MUProProPro
LLYProProPro
TSLAProProPro
See all 10 holdings INFO shares with SPY
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, INFO or SPY?

INFO 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, INFO or SPY?

Over the past year INFO returned +25.33% vs +21.37% for SPY, so INFO leads on 1-year performance. Over the longest common window we track (2 years), INFO annualized +20.09% vs +8.78% for SPY. Past performance does not guarantee future results.

Which is riskier, INFO or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 13.3% for INFO. Worst drawdown: INFO -19.6% vs SPY -56.5%.

Should I hold both INFO and SPY?

INFO and SPY have a monthly-return correlation of 0.99, 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 INFO and SPY?

INFO and SPY share 117 common holdings with a 55.4% weight overlap. Combined, they hold 532 unique securities.

Which pays a higher dividend, INFO or SPY?

INFO yields 0.32% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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