MODL vs SPYM
VictoryShares WestEnd US Sector ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, MODL or SPYM?
Nearly the same fund. SPYM costs less.
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. MODL is less concentrated, with 34.5% of the fund in its ten largest positions against 39.0%.
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 | MODL | SPYM |
|---|---|---|
| Expense Ratio | 0.46% | 0.02%Best |
| AUM | $1.1B | $185.2B |
| Dividend Yield | 0.70% | 1.01% |
| Holdings | 724 | 509 |
| YTD Return | +11.79% | +13.57%Best |
| 1Y Return | +15.41% | +17.53%Best |
| 3Y Return (annualized) | +21.46% | +22.46%Best |
| 5Y Return (annualized) | - | +13.29% |
| Volatility (annualized) | 12.3%Best | 12.8% |
| Max Drawdown | -17.6%Best | -18.7% |
| $10,000 over 4 years | $21,972 | $22,770Best |
| Top 10 Weight | 34.5%Best | 39.0% |
| Fund Family | Victory Capital Management Inc. | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 11, 2022 | Nov 8, 2005 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 12, 2022 to Oct 14, 2026 (4 years).
MODL 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 4 years both funds cover.
MODL vs SPYM Performance
VictoryShares WestEnd US Sector ETF (MODL) is an ETF from Victory Capital Management Inc. and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year MODL returned +15.41% while SPYM returned +17.53%. Year to date, MODL is up 11.79% versus a gain of 13.57% for SPYM.
Over three years, MODL compounded at +21.46% per year against +22.46% for SPYM. Across the full 4-year window we track, SPYM has the edge at +22.84% annualized vs +21.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.3% for MODL. 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 -17.6% for MODL 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MODL charges 0.46% per year while SPYM charges 0.02%. On a $10,000 position that is $46 vs $2 annually, a gap of $44 per year that compounds over a long holding period. On income, MODL currently yields 0.70% against 1.01% for SPYM.
Holdings Overlap
93.9% of MODL's money is in holdings SPYM also owns. 81.5% of SPYM's money is in holdings MODL also owns.
Most of MODL is already inside SPYM. Owning both mostly buys the same companies twice.
297 positions in common, counted across the 361 positions we hold weights for in MODL and 505 in SPYM, against full books of 724 and 509.
What only one of them owns
Our book lists 203 positions for SPYM that do not appear in our book for MODL (17.9% of the fund), and 53 for MODL that do not appear in SPYM (4.3%).
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 MODL | Weight in SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.45% | 8.49% | 2.04% |
| AAPLApple, Inc | 6.16% | 7.30% | 1.14% |
| MSFTMicrosoft Corp | 4.58% | 5.76% | 1.18% |
| GOOGLAlphabet Inc | 3.12% | 3.02% | 0.10% |
| AMZNAmazon.Com Inc | 2.07% | 3.70% | 1.63% |
| GOOGAlphabet Inc. C | 2.69% | 2.42% | 0.27% |
| AVGOBroadcom Inc | 2.17% | 2.53% | 0.36% |
| METAMeta Platforms Inc | 2.22% | 2.41% | 0.19% |
| JPMJpmorgan Chase | 2.30% | 1.32% | 0.98% |
| ABBVAbbvie Inc. | 2.69% | 0.70% | 1.99% |
93.9% of MODL 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, MODL or SPYM?
MODL has an expense ratio of 0.46% while SPYM charges 0.02%. SPYM is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, MODL or SPYM?
Over the past year MODL returned +15.41% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (4 years), MODL annualized +21.75% vs +22.84% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MODL or SPYM?
SPYM has been the more volatile fund at 12.8% annualized versus 12.3% for MODL. Worst drawdown: MODL -17.6% vs SPYM -18.7%.
Should I hold both MODL and SPYM?
MODL and SPYM have a monthly-return correlation of 0.98, 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 MODL and SPYM?
93.9% of MODL's money is in holdings SPYM also owns. 81.5% of SPYM's is in holdings MODL also owns. They hold 297 positions in common, counted across the 361 positions we hold weights for in MODL and 505 in SPYM.
Which pays a higher dividend, MODL or SPYM?
MODL yields 0.70% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than MODL?
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. MODL is less concentrated, with 34.5% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.