MULT vs SPY
MULT vs SPY
Franklin Multisector Income 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 | MULT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $15M | $789.1B | |
| Dividend Yield | 2.61% | 1.01% | |
| Holdings | 278 | 505 | |
| YTD Return | +0.78% | +9.93% | |
| 1Y Return | +2.86% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.7% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 26, 2025 | Jan 22, 1993 |
MULT vs SPY Performance
Franklin Multisector Income ETF (MULT) is a ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MULT returned +2.86% while SPY returned +19.50%. Year to date, MULT is up 0.78% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.7% for MULT and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MULT charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, MULT currently yields 2.61% against 1.01% for SPY.
Holdings Overlap
MULT and SPY share 0 holdings out of 680 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, MULT or SPY?
MULT has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, MULT or SPY?
Over the past year MULT returned +2.86% vs +19.50% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between MULT and SPY?
MULT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, MULT or SPY?
MULT yields 2.61% while SPY yields 1.01%, so MULT currently pays the higher dividend yield.
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