ITDC vs SPY

Quick Verdict

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

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricITDCSPYWinner
Expense Ratio0.10%0.09%
AUM$108M$789.1B
Dividend Yield1.87%1.01%
Holdings15505
YTD Return+7.45%+11.49%
1Y Return+15.22%+21.37%
3Y Return (annualized)-+20.76%
5Y Return (annualized)-+12.94%
Volatility (annualized)8.9%15.3%
Max Drawdown-10.4%-56.5%
Fund FamilyiShares by BlackRock (US)State Street Investment Management
CategoryAllocation/BalancedEquity
InceptionOct 17, 2023Jan 22, 1993

ITDC vs SPY Performance

iShares LifePath Target Date 2035 ETF (ITDC) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ITDC returned +15.22% while SPY returned +21.37%. Year to date, ITDC is up 7.45% 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 8.9% for ITDC. 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 -10.4% for ITDC 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

ITDC charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, ITDC currently yields 1.87% against 1.01% for SPY.

Holdings Overlap

0.0%overlap

ITDC and SPY share 0 holdings out of 517 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, ITDC or SPY?

ITDC has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.

Which performed better, ITDC or SPY?

Over the past year ITDC returned +15.22% vs +21.37% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), ITDC annualized +17.56% vs +8.78% for SPY. Past performance does not guarantee future results.

Which is riskier, ITDC or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 8.9% for ITDC. Worst drawdown: ITDC -10.4% vs SPY -56.5%.

Should I hold both ITDC and SPY?

ITDC and SPY have a monthly-return correlation of 0.90, 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 ITDC and SPY?

ITDC and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 517 unique securities.

Which pays a higher dividend, ITDC or SPY?

ITDC yields 1.87% while SPY yields 1.01%, so ITDC currently pays the higher dividend yield.

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