LEND vs SPY
SEI High Yield Bond & Alternative Credit ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LEND or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
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 | LEND | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $982M | $823.2B |
| Dividend Yield | 2.09% | 0.99% |
| Holdings | 820 | 1,515 |
| YTD Return | -2.37% | +13.53%Best |
| 1Y Return | - | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Fund Family | SEI EXCHANGE TRADED FUNDS | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 18, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
LEND 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.
LEND vs SPY Performance
SEI High Yield Bond & Alternative Credit ETF (LEND) is an ETF from SEI EXCHANGE TRADED FUNDS and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, LEND is down 2.37% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
LEND charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, LEND currently yields 2.09% against 0.99% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings LEND also owns.
Stated as a floor: for LEND, our book for it covers 58.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 820 positions we hold weights for in LEND and 504 in SPY, against full books of 820 and 1,515.
You are not choosing between two funds in isolation.
Whichever of LEND and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LEND or SPY?
LEND has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which pays a higher dividend, LEND or SPY?
LEND yields 2.09% while SPY yields 0.99%, so LEND currently pays the higher dividend yield.
Is SPY better than LEND?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.