SPY vs TFFI

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricSPYTFFIWinner
Expense Ratio0.09%1.01%
AUM$789.1B$39M
Dividend Yield1.01%0.00%
Holdings50510
YTD Return+11.49%+0.63%
1Y Return+21.37%-
3Y Return (annualized)+20.76%-
5Y Return (annualized)+12.94%-
Volatility (annualized)15.3%-
Max Drawdown-56.5%-4.2%
Fund FamilyState Street Investment ManagementChesapeake Mutual Funds
CategoryEquityFixed Income
InceptionJan 22, 1993Feb 23, 2026

SPY vs TFFI Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Chesapeake Trend-Following Fixed Income ETF (TFFI) is a ETF from Chesapeake Mutual Funds. Year to date, SPY is up 11.49% versus a gain of 0.63% for TFFI.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -56.5% for SPY and -4.2% for TFFI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

SPY charges 0.09% per year while TFFI charges 1.01%. On a $10,000 position that is $9 vs $101 annually, a gap of $92 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TFFI.

Holdings Overlap

0.0%overlap

SPY and TFFI 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 TFFI?

SPY has an expense ratio of 0.09% while TFFI charges 1.01%. SPY is the cheaper option. On a $10,000 investment, that is $92 per year of difference.

What is the holdings overlap between SPY and TFFI?

SPY and TFFI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.

Which pays a higher dividend, SPY or TFFI?

SPY yields 1.01% while TFFI yields 0.00%, so SPY currently pays the higher dividend yield.

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