SPY vs TGRT
SPY vs TGRT
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Growth 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 | TGRT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.38% | |
| AUM | $789.1B | $1.5B | |
| Dividend Yield | 1.01% | 0.07% | |
| Holdings | 505 | 347 | |
| YTD Return | +11.49% | +3.83% | |
| 1Y Return | +21.37% | +10.69% | |
| 3Y Return (annualized) | +20.76% | +21.30% | |
| 5Y Return (annualized) | +12.94% | - | |
| Volatility (annualized) | 15.3% | 16.3% | |
| Max Drawdown | -56.5% | -22.0% | |
| Fund Family | State Street Investment Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jun 14, 2023 |
SPY vs TGRT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T. Rowe Price Growth ETF (TGRT) is a ETF from T.Rowe Price. Over the past year SPY returned +21.37% while TGRT returned +10.69%. Year to date, SPY is up 11.49% versus a gain of 3.83% for TGRT.
Over three years, SPY compounded at +20.76% per year against +21.30% for TGRT. Across the full 3-year window we track, TGRT has the edge at +20.86% annualized vs +8.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TGRT has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -56.5% for SPY and -22.0% for TGRT. 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 TGRT charges 0.38%. On a $10,000 position that is $9 vs $38 annually, a gap of $29 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.07% for TGRT.
Holdings Overlap
SPY and TGRT 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 TGRT | Difference |
|---|---|---|---|
| VST | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, SPY or TGRT?
SPY has an expense ratio of 0.09% while TGRT charges 0.38%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, SPY or TGRT?
Over the past year SPY returned +21.37% vs +10.69% for TGRT, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.78% vs +20.86% for TGRT. Past performance does not guarantee future results.
Which is riskier, SPY or TGRT?
TGRT has been the more volatile fund at 16.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TGRT -22.0%.
Should I hold both SPY and TGRT?
SPY and TGRT 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 TGRT?
SPY and TGRT share 1 common holdings with a 0.0% weight overlap. Combined, they hold 664 unique securities.
Which pays a higher dividend, SPY or TGRT?
SPY yields 1.01% while TGRT yields 0.07%, so SPY currently pays the higher dividend yield.
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