JOJO vs SPY
JOJO vs SPY
ATAC Credit Rotation 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 | JOJO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.24% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 4.65% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -0.63% | +13.79% | |
| 1Y Return | +2.08% | +23.66% | |
| 3Y Return (annualized) | +5.56% | +21.40% | |
| 5Y Return (annualized) | -1.12% | +13.37% | |
| Volatility (annualized) | 11.0% | 15.3% | |
| Max Drawdown | -28.3% | -56.5% | |
| Fund Family | ATAC Tactical Fund Family | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 15, 2021 | Jan 22, 1993 |
JOJO vs SPY Performance
ATAC Credit Rotation ETF (JOJO) is a ETF from ATAC Tactical Fund Family and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JOJO returned +2.08% while SPY returned +23.66%. Year to date, JOJO is down 0.63% versus a gain of 13.79% for SPY.
Over three years, JOJO compounded at +5.56% per year against +21.40% for SPY; over five years the annualized figures are -1.12% and +13.37% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs -1.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.0% for JOJO. 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 -28.3% for JOJO 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JOJO charges 1.24% per year while SPY charges 0.09%. On a $10,000 position that is $124 vs $9 annually, a gap of $115 per year that compounds over a long holding period. On income, JOJO currently yields 4.65% against 1.01% for SPY.
Holdings Overlap
JOJO and SPY share 0 holdings out of 506 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, JOJO or SPY?
JOJO has an expense ratio of 1.24% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, JOJO or SPY?
Over the past year JOJO returned +2.08% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JOJO annualized -1.21% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JOJO or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.0% for JOJO. Worst drawdown: JOJO -28.3% vs SPY -56.5%.
Should I hold both JOJO and SPY?
JOJO and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JOJO and SPY?
JOJO and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, JOJO or SPY?
JOJO yields 4.65% while SPY yields 1.01%, so JOJO currently pays the higher dividend yield.
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