LBO vs SPYM
WHITEWOLF Publicly Listed Private Equity ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, LBO or SPYM?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 69.2%.
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 | LBO | SPYM |
|---|---|---|
| Expense Ratio | 6.53% | 0.02%Best |
| AUM | $6M | $185.2B |
| Dividend Yield | 6.27% | 1.01% |
| Holdings | 40 | 509 |
| YTD Return | -19.02% | +13.90%Best |
| 1Y Return | -17.20% | +17.37%Best |
| 3Y Return (annualized) | - | +22.56% |
| 5Y Return (annualized) | - | +13.18% |
| Volatility (annualized) | 19.7% | 11.6%Best |
| Max Drawdown | -32.9% | -18.7%Best |
| $10,000 over 2.9 years | $9,347 | $17,657Best |
| Top 10 Weight | 69.2% | 39.0%Best |
| Fund Family | White Wolf Capital Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 30, 2023 | Nov 8, 2005 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 30, 2023 to Oct 15, 2026 (2.9 years).
LBO vs SPYM 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 covers the 2.9 years both funds cover.
LBO vs SPYM Performance
WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year LBO returned -17.20% while SPYM returned +17.37%. Year to date, LBO is down 19.02% versus a gain of 13.90% for SPYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 11.6% for SPYM. 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 -32.9% for LBO and -18.7% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LBO charges 6.53% per year while SPYM charges 0.02%. On a $10,000 position that is $653 vs $2 annually, a gap of $651 per year that compounds over a long holding period. On income, LBO currently yields 6.27% against 1.01% for SPYM.
Holdings Overlap
37.8% of LBO's money is in holdings SPYM also owns. 0.6% of SPYM's money is in holdings LBO also owns.
The two portfolios partly overlap.
6 positions in common, counted across the 38 positions we hold weights for in LBO and 505 in SPYM, against full books of 40 and 509.
What only one of them owns
Our book lists 493 positions for SPYM that do not appear in our book for LBO (98.7% of the fund), and 30 for LBO that do not appear in SPYM (55.1%).
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
37.8% of LBO is already inside SPYM.
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, LBO or SPYM?
LBO has an expense ratio of 6.53% while SPYM charges 0.02%. SPYM is the cheaper option, by $651 a year on a $10,000 investment.
Which performed better, LBO or SPYM?
Over the past year LBO returned -17.20% vs +17.37% for SPYM, so SPYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LBO or SPYM?
LBO has been the more volatile fund at 19.7% annualized versus 11.6% for SPYM. Worst drawdown: LBO -32.9% vs SPYM -18.7%.
Should I hold both LBO and SPYM?
LBO and SPYM have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LBO and SPYM?
37.8% of LBO's money is in holdings SPYM also owns. 0.6% of SPYM's is in holdings LBO also owns. They hold 6 positions in common, counted across the 38 positions we hold weights for in LBO and 505 in SPYM.
Which pays a higher dividend, LBO or SPYM?
LBO yields 6.27% while SPYM yields 1.01%, so LBO currently pays the higher dividend yield.
Is SPYM better than LBO?
SPYM has a lower expense ratio. SPYM led over 1Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.