ITDE vs SPY
ITDE vs SPY
iShares LifePath Target Date 2045 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 | ITDE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.09% | |
| AUM | $87M | $789.1B | |
| Dividend Yield | 1.68% | 1.01% | |
| Holdings | 14 | 505 | |
| YTD Return | +11.55% | +13.10% | |
| 1Y Return | +21.27% | +22.80% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 10.6% | 15.3% | |
| Max Drawdown | -14.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 17, 2023 | Jan 22, 1993 |
ITDE vs SPY Performance
iShares LifePath Target Date 2045 ETF (ITDE) 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 ITDE returned +21.27% while SPY returned +22.80%. Year to date, ITDE is up 11.55% versus a gain of 13.10% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.6% for ITDE. 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 -14.7% for ITDE 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ITDE charges 0.11% per year while SPY charges 0.09%. On a $10,000 position that is $11 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, ITDE currently yields 1.68% against 1.01% for SPY.
Holdings Overlap
ITDE and SPY share 0 holdings out of 516 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, ITDE or SPY?
ITDE has an expense ratio of 0.11% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, ITDE or SPY?
Over the past year ITDE returned +21.27% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), ITDE annualized +21.84% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, ITDE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.6% for ITDE. Worst drawdown: ITDE -14.7% vs SPY -56.5%.
Should I hold both ITDE and SPY?
ITDE and SPY have a monthly-return correlation of 0.94, 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 ITDE and SPY?
ITDE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, ITDE or SPY?
ITDE yields 1.68% while SPY yields 1.01%, so ITDE currently pays the higher dividend yield.
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