LCDS vs SPY
JPMorgan Fundamental Data Science Large Core ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LCDS or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. LCDS led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.99. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 44.3%.
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 | LCDS | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $17M | $823.2B |
| Dividend Yield | 0.86% | 0.99% |
| Holdings | 230 | 1,515 |
| YTD Return | +13.43% | +13.53%Best |
| 1Y Return | +18.13%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 11.9%Best | 12.1% |
| Max Drawdown | -18.4%Best | -18.8% |
| $10,000 over 2.2 years | $14,806 | $14,932Best |
| Top 10 Weight | 44.3% | 38.2%Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 7, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 8, 2024 to Oct 14, 2026 (2.2 years).
LCDS 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 covers the 2.2 years both funds cover.
LCDS vs SPY Performance
JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LCDS returned +18.13% while SPY returned +17.47%. Year to date, LCDS is up 13.43% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 11.9% for LCDS. 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 -18.4% for LCDS and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
LCDS charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, LCDS currently yields 0.86% against 0.99% for SPY.
Holdings Overlap
95.6% of LCDS's money is in holdings SPY also owns. 59.7% of SPY's money is in holdings LCDS also owns.
Most of LCDS is already inside SPY. Owning both mostly buys the same companies twice.
100 positions in common, counted across the 113 positions we hold weights for in LCDS and 504 in SPY, against full books of 230 and 1,515.
What only one of them owns
Our book lists 395 positions for SPY that do not appear in our book for LCDS (39.4% of the fund), and 10 for LCDS that do not appear in SPY (3.7%).
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 LCDS | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.22% | 7.78% | 1.44% |
| AAPLApple Inc | 7.46% | 7.45% | 0.01% |
| MSFTMicrosoft Corp_None_0 | 6.60% | 5.71% | 0.89% |
| GOOGLAlphabet Inc-cl A | 4.95% | 3.12% | 1.83% |
| AMZNAmazon.Com Inc | 4.19% | 3.78% | 0.41% |
| METAMeta Platforms, Inc. | 3.02% | 2.22% | 0.80% |
| AVGOBroadcom Inc | 2.34% | 2.48% | 0.14% |
| MUMicron Technology, Inc. | 2.67% | 1.59% | 1.08% |
| AMDAdvanced Micro Devices Inc. | 1.71% | 1.22% | 0.49% |
| XOMExxon Mobil Corp | 1.88% | 1.04% | 0.84% |
95.6% of LCDS 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, LCDS or SPY?
LCDS has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, LCDS or SPY?
Over the past year LCDS returned +18.13% vs +17.47% for SPY, so LCDS leads on 1-year performance. Over the longest common window we track (2 years), LCDS annualized +19.53% vs +19.99% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LCDS or SPY?
SPY has been the more volatile fund at 12.1% annualized versus 11.9% for LCDS. Worst drawdown: LCDS -18.4% vs SPY -18.8%.
Should I hold both LCDS and SPY?
LCDS and SPY have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LCDS and SPY?
95.6% of LCDS's money is in holdings SPY also owns. 59.7% of SPY's is in holdings LCDS also owns. They hold 100 positions in common, counted across the 113 positions we hold weights for in LCDS and 504 in SPY.
Which pays a higher dividend, LCDS or SPY?
LCDS yields 0.86% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than LCDS?
SPY has a lower expense ratio. LCDS led over 1Y, SPY over the full window. The two have moved almost in lockstep, correlation 0.99. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 44.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.