LDRX vs SPY
SGI Enhanced Market Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LDRX or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. LDRX led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 55.2%.
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 | LDRX | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $261M | $823.2B |
| Dividend Yield | 0.97% | 0.99% |
| Holdings | 104 | 1,515 |
| YTD Return | +13.27% | +13.53%Best |
| 1Y Return | +16.78% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 13.6% | 11.6%Best |
| Max Drawdown | -10.6% | -8.9%Best |
| $10,000 over 1.4 years | $13,893Best | $13,750 |
| Top 10 Weight | 55.2% | 38.2%Best |
| Fund Family | Summit Global Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 5, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 5, 2025 to Oct 14, 2026 (1.4 years).
LDRX 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 1.4 years both funds cover.
LDRX vs SPY Performance
SGI Enhanced Market Leaders ETF (LDRX) is an ETF from Summit Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LDRX returned +16.78% while SPY returned +17.47%. Year to date, LDRX is up 13.27% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LDRX has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.6% 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 -10.6% for LDRX and -8.9% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LDRX charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, LDRX currently yields 0.97% against 0.99% for SPY.
Holdings Overlap
98.9% of LDRX's money is in holdings SPY also owns. 70.0% of SPY's money is in holdings LDRX also owns.
Most of LDRX is already inside SPY. Owning both mostly buys the same companies twice.
95 positions in common, counted across the 100 positions we hold weights for in LDRX and 504 in SPY, against full books of 104 and 1,515.
What only one of them owns
Measured across the 100 and 504 positions we hold weights for.
SPY holds 401 positions LDRX does not, 29.0% of the fund.
Largest: GOOG 2.49%, PM 0.46%, CRWD 0.36%, KLAC 0.34%, APH 0.29%
Top Shared Holdings
| Stock | Weight in LDRX | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 11.55% | 7.78% | 3.77% |
| AAPLApple, Inc | 9.87% | 7.45% | 2.42% |
| MSFTMicrosoft Corp | 7.76% | 5.71% | 2.05% |
| GOOGLAlphabet Inc | 7.61% | 3.12% | 4.49% |
| AMZNAmazon.Com Inc | 5.13% | 3.78% | 1.35% |
| AVGOBroadcom Inc | 3.43% | 2.48% | 0.95% |
| METAMeta Platforms Inc | 3.28% | 2.22% | 1.06% |
| MUMicron Technology, Inc. | 2.53% | 1.59% | 0.94% |
| TSLATesla Inc | 2.00% | 1.54% | 0.46% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.86% | 1.44% | 0.42% |
98.9% of LDRX 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, LDRX or SPY?
LDRX has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, LDRX or SPY?
Over the past year LDRX returned +16.78% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), LDRX annualized +26.47% vs +25.54% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LDRX or SPY?
LDRX has been the more volatile fund at 13.6% annualized versus 11.6% for SPY. Worst drawdown: LDRX -10.6% vs SPY -8.9%.
Should I hold both LDRX and SPY?
LDRX and SPY have a monthly-return correlation of 0.97, 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 LDRX and SPY?
98.9% of LDRX's money is in holdings SPY also owns. 70.0% of SPY's is in holdings LDRX also owns. They hold 95 positions in common, counted across the 100 positions we hold weights for in LDRX and 504 in SPY.
Which pays a higher dividend, LDRX or SPY?
LDRX yields 0.97% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than LDRX?
SPY has a lower expense ratio. LDRX led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 55.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.