SPY vs TGLB
SPY vs TGLB
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Global Equity 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 | TGLB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.46% | |
| AUM | $789.1B | - | |
| Dividend Yield | 1.01% | - | |
| Holdings | 505 | 347 | |
| YTD Return | +13.50% | +16.37% | |
| 1Y Return | +23.56% | +19.27% | |
| 3Y Return (annualized) | +21.17% | - | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | 12.4% | |
| Max Drawdown | -56.5% | -9.8% | |
| Fund Family | State Street Investment Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jun 25, 2025 |
SPY vs TGLB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T. Rowe Price Global Equity ETF (TGLB) is a ETF from T.Rowe Price. Over the past year SPY returned +23.56% while TGLB returned +19.27%. Year to date, SPY is up 13.50% versus a gain of 16.37% for TGLB.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.4% for TGLB. 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 -9.8% for TGLB. 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while TGLB charges 0.46%. On a $10,000 position that is $9 vs $46 annually, a gap of $37 per year that compounds over a long holding period.
Holdings Overlap
SPY and TGLB share 1 holdings out of 664 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TGLB | Difference |
|---|---|---|---|
| VST | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, SPY or TGLB?
SPY has an expense ratio of 0.09% while TGLB charges 0.46%. SPY is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, SPY or TGLB?
Over the past year SPY returned +23.56% vs +19.27% for TGLB, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs +18.44% for TGLB. Past performance does not guarantee future results.
Which is riskier, SPY or TGLB?
SPY has been the more volatile fund at 15.3% annualized versus 12.4% for TGLB. Worst drawdown: SPY -56.5% vs TGLB -9.8%.
Should I hold both SPY and TGLB?
SPY and TGLB have a monthly-return correlation of 0.94, 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 SPY and TGLB?
SPY and TGLB share 1 common holdings with a 0.0% weight overlap. Combined, they hold 664 unique securities.
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