SPY vs TOV

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricSPYTOVWinner
Expense Ratio0.09%0.18%
AUM$789.1B$261M
Dividend Yield1.01%0.85%
Holdings505497
YTD Return+13.10%+13.17%
1Y Return+22.80%+22.55%
3Y Return (annualized)+20.98%-
5Y Return (annualized)+13.20%-
Volatility (annualized)15.3%13.9%
Max Drawdown-56.5%-16.3%
Fund FamilyState Street Investment ManagementJLens
CategoryEquityEquity
InceptionJan 22, 1993Feb 26, 2025

SPY vs TOV Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and JLens 500 Jewish Advocacy US ETF (TOV) is a ETF from JLens. Over the past year SPY returned +22.80% while TOV returned +22.55%. Year to date, SPY is up 13.10% versus a gain of 13.17% for TOV.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.9% for TOV. 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 -16.3% for TOV. 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 0.99. 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 TOV charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.85% for TOV.

Holdings Overlap

92.4%overlap

SPY and TOV share 415 holdings out of 584 unique holdings combined, representing a 92.4% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in SPYWeight in TOVDifference
NVDA7.31%7.08%0.23%
AAPL7.09%6.88%0.21%
MSFT4.43%4.47%0.04%
GOOGLProProPro
AMZNProProPro
AVGOProProPro
METAProProPro
TSLAProProPro
MUProProPro
GOOGProProPro
See all 10 holdings SPY shares with TOV
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, SPY or TOV?

SPY has an expense ratio of 0.09% while TOV charges 0.18%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.

Which performed better, SPY or TOV?

Over the past year SPY returned +22.80% vs +22.55% for TOV, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.83% vs +22.08% for TOV. Past performance does not guarantee future results.

Which is riskier, SPY or TOV?

SPY has been the more volatile fund at 15.3% annualized versus 13.9% for TOV. Worst drawdown: SPY -56.5% vs TOV -16.3%.

Should I hold both SPY and TOV?

SPY and TOV have a monthly-return correlation of 0.99, 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 TOV?

SPY and TOV share 415 common holdings with a 92.4% weight overlap. Combined, they hold 584 unique securities.

Which pays a higher dividend, SPY or TOV?

SPY yields 1.01% while TOV yields 0.85%, so SPY currently pays the higher dividend yield.

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