RULE vs SPY
RULE vs SPY
Adaptive Core ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. RULE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RULE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.84% | 0.09% | |
| AUM | $15M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 36 | 505 | |
| YTD Return | +30.34% | +13.28% | |
| 1Y Return | +34.62% | +23.94% | |
| 3Y Return (annualized) | +15.83% | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 17.9% | 15.3% | |
| Max Drawdown | -30.5% | -56.5% | |
| Fund Family | Mohr Funds | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Nov 2, 2021 | Jan 22, 1993 |
RULE vs SPY Performance
Adaptive Core ETF (RULE) is a ETF from Mohr Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RULE returned +34.62% while SPY returned +23.94%. Year to date, RULE is up 30.34% versus a gain of 13.28% for SPY.
Over three years, RULE compounded at +15.83% per year against +21.07% for SPY. Across the full 5-year window we track, SPY has the edge at +8.84% annualized vs +4.52%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RULE has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.3% for SPY. 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 -30.5% for RULE 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RULE charges 1.84% per year while SPY charges 0.09%. On a $10,000 position that is $184 vs $9 annually, a gap of $175 per year that compounds over a long holding period. On income, RULE currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
RULE and SPY share 27 holdings out of 511 unique holdings combined, representing a 15.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RULE | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 2.41% | 7.31% | 4.90% |
| MU | 6.58% | 1.71% | 4.87% |
| GOOGL | 3.17% | 3.32% | 0.15% |
| GLW | Pro | Pro | Pro |
| STX | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| NEM | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| CMI | Pro | Pro | Pro |
| PH | Pro | Pro | Pro |
See all 10 holdings RULE 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, RULE or SPY?
RULE has an expense ratio of 1.84% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $175 per year of difference.
Which performed better, RULE or SPY?
Over the past year RULE returned +34.62% vs +23.94% for SPY, so RULE leads on 1-year performance. Over the longest common window we track (5 years), RULE annualized +4.52% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, RULE or SPY?
RULE has been the more volatile fund at 17.9% annualized versus 15.3% for SPY. Worst drawdown: RULE -30.5% vs SPY -56.5%.
Should I hold both RULE and SPY?
RULE and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RULE and SPY?
RULE and SPY share 27 common holdings with a 15.6% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, RULE or SPY?
RULE yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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