SPY vs TDSB
SPY vs TDSB
State Street SPDR S&P 500 ETF Trust vs ETC Cabana Target Beta ETF
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 | SPY | TDSB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.91% | |
| AUM | $789.1B | $49M | |
| Dividend Yield | 1.01% | 2.28% | |
| Holdings | 505 | 11 | |
| YTD Return | +13.28% | +4.18% | |
| 1Y Return | +23.94% | +11.71% | |
| 3Y Return (annualized) | +21.07% | +8.52% | |
| 5Y Return (annualized) | +13.27% | +1.41% | |
| Volatility (annualized) | 15.3% | 7.7% | |
| Max Drawdown | -56.5% | -19.6% | |
| Fund Family | State Street Investment Management | The Cabana Group, LLC | |
| Category | Equity | Allocation/Balanced | |
| Inception | Jan 22, 1993 | Sep 16, 2020 |
SPY vs TDSB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and ETC Cabana Target Beta ETF (TDSB) is a ETF from The Cabana Group, LLC. Over the past year SPY returned +23.94% while TDSB returned +11.71%. Year to date, SPY is up 13.28% versus a gain of 4.18% for TDSB.
Over three years, SPY compounded at +21.07% per year against +8.52% for TDSB; over five years the annualized figures are +13.27% and +1.41% respectively. Across the full 6-year window we track, SPY has the edge at +8.84% annualized vs +2.12%. 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 7.7% for TDSB. 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 -56.5% for SPY and -19.6% for TDSB. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TDSB charges 0.91%. On a $10,000 position that is $9 vs $91 annually, a gap of $82 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.28% for TDSB.
Holdings Overlap
SPY and TDSB share 0 holdings out of 513 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, SPY or TDSB?
SPY has an expense ratio of 0.09% while TDSB charges 0.91%. SPY is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, SPY or TDSB?
Over the past year SPY returned +23.94% vs +11.71% for TDSB, so SPY leads on 1-year performance. Over the longest common window we track (6 years), SPY annualized +8.84% vs +2.12% for TDSB. Past performance does not guarantee future results.
Which is riskier, SPY or TDSB?
SPY has been the more volatile fund at 15.3% annualized versus 7.7% for TDSB. Worst drawdown: SPY -56.5% vs TDSB -19.6%.
Should I hold both SPY and TDSB?
SPY and TDSB have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TDSB?
SPY and TDSB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, SPY or TDSB?
SPY yields 1.01% while TDSB yields 2.28%, so TDSB currently pays the higher dividend yield.
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