JUDO vs SPY
Janus Henderson US Equity Enhanced Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JUDO or SPY?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JUDO | SPY |
|---|---|---|
| Expense Ratio | 0.55% | 0.09%Best |
| AUM | $8M | $823.2B |
| Dividend Yield | 2.87% | 0.99% |
| Holdings | 128 | 1,515 |
| YTD Return | +12.87% | +13.53%Best |
| 1Y Return | - | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Top 10 Weight | 41.7% | 38.2%Best |
| Fund Family | Janus Henderson Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 24, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
JUDO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JUDO vs SPY Performance
Janus Henderson US Equity Enhanced Income ETF (JUDO) is an ETF from Janus Henderson Investors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, JUDO is up 12.87% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
JUDO charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, JUDO currently yields 2.87% against 0.99% for SPY.
Holdings Overlap
97.7% of JUDO's money is in holdings SPY also owns. 53.2% of SPY's money is in holdings JUDO also owns.
Most of JUDO is already inside SPY. Owning both mostly buys the same companies twice.
67 positions in common, counted across the 70 positions we hold weights for in JUDO and 504 in SPY, against full books of 128 and 1,515.
What only one of them owns
Our book lists 429 positions for SPY that do not appear in our book for JUDO (45.9% of the fund), and 3 for JUDO that do not appear in SPY (2.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JUDO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.20% | 7.78% | 0.42% |
| MSFTMicrosoft Corp | 6.86% | 5.71% | 1.15% |
| AAPLApple, Inc | 4.70% | 7.45% | 2.75% |
| GOOGAlphabet Inc. C | 6.29% | 2.49% | 3.80% |
| AMZNAmazon.Com Inc | 4.27% | 3.78% | 0.49% |
| AVGOBroadcom Inc | 3.13% | 2.48% | 0.65% |
| MUMicron Technology, Inc. | 2.23% | 1.59% | 0.64% |
| JPMJpmorgan Chase | 2.28% | 1.43% | 0.85% |
| LLYEli Lilly & Co. | 2.06% | 1.37% | 0.69% |
| METAMeta Platforms Inc | 0.95% | 2.22% | 1.27% |
97.7% of JUDO is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JUDO or SPY?
JUDO has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
What is the holdings overlap between JUDO and SPY?
97.7% of JUDO's money is in holdings SPY also owns. 53.2% of SPY's is in holdings JUDO also owns. They hold 67 positions in common, counted across the 70 positions we hold weights for in JUDO and 504 in SPY.
Which pays a higher dividend, JUDO or SPY?
JUDO yields 2.87% while SPY yields 0.99%, so JUDO currently pays the higher dividend yield.
Is SPY better than JUDO?
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.