MODL vs SPY
MODL vs SPY
VictoryShares WestEnd US Sector 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 | MODL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.09% | |
| AUM | $1.0B | $789.1B | |
| Dividend Yield | 0.71% | 1.01% | |
| Holdings | 371 | 505 | |
| YTD Return | +11.63% | +13.79% | |
| 1Y Return | +21.53% | +23.66% | |
| 3Y Return (annualized) | +20.25% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 12.4% | 15.3% | |
| Max Drawdown | -17.6% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 11, 2022 | Jan 22, 1993 |
MODL vs SPY Performance
VictoryShares WestEnd US Sector ETF (MODL) is a ETF from Victory Capital Management Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MODL returned +21.53% while SPY returned +23.66%. Year to date, MODL is up 11.63% versus a gain of 13.79% for SPY.
Over three years, MODL compounded at +20.25% per year against +21.40% for SPY. Across the full 4-year window we track, MODL has the edge at +22.88% annualized vs +8.85%. 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 12.4% for MODL. 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 -17.6% for MODL 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MODL charges 0.46% per year while SPY charges 0.09%. On a $10,000 position that is $46 vs $9 annually, a gap of $37 per year that compounds over a long holding period. On income, MODL currently yields 0.71% against 1.01% for SPY.
Holdings Overlap
MODL and SPY share 315 holdings out of 556 unique holdings combined, representing a 73.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in MODL | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 6.66% | 7.31% | 0.65% |
| AAPL | 5.57% | 7.09% | 1.52% |
| GOOGL | 5.33% | 3.32% | 2.01% |
| MSFT | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings MODL shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, MODL or SPY?
MODL has an expense ratio of 0.46% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, MODL or SPY?
Over the past year MODL returned +21.53% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), MODL annualized +22.88% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MODL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.4% for MODL. Worst drawdown: MODL -17.6% vs SPY -56.5%.
Should I hold both MODL and SPY?
MODL and SPY have a monthly-return correlation of 0.98, 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 MODL and SPY?
MODL and SPY share 315 common holdings with a 73.5% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, MODL or SPY?
MODL yields 0.71% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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