NDOW vs SPY
Anydrus Advantage ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NDOW or SPY?
Allocation/Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. NDOW is less concentrated, with 37.0% of the fund in its ten largest positions against 38.2%.
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 | NDOW | SPY |
|---|---|---|
| Expense Ratio | 2.11% | 0.09%Best |
| AUM | $69M | $823.2B |
| Dividend Yield | 1.20% | 0.99% |
| Holdings | 169 | 1,515 |
| YTD Return | +3.27% | +13.53%Best |
| 1Y Return | +7.31% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 7.6%Best | 11.6% |
| Max Drawdown | -8.8%Best | -18.8% |
| $10,000 over 2.4 years | $11,697 | $15,096Best |
| Top 10 Weight | 37.0%Best | 38.2% |
| Fund Family | Anydrus Capital | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | May 14, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 14, 2024 to Oct 14, 2026 (2.4 years).
NDOW 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 2.4 years both funds cover.
NDOW vs SPY Performance
Anydrus Advantage ETF (NDOW) is an ETF from Anydrus Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NDOW returned +7.31% while SPY returned +17.47%. Year to date, NDOW is up 3.27% 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 11.6% compared with 7.6% for NDOW. 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 -8.8% for NDOW 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NDOW charges 2.11% per year while SPY charges 0.09%. On a $10,000 position that is $211 vs $9 annually, a gap of $202 per year that compounds over a long holding period. On income, NDOW currently yields 1.20% against 0.99% for SPY.
Holdings Overlap
41.0% of NDOW's money is in holdings SPY also owns. 41.0% of SPY's money is in holdings NDOW also owns.
The two portfolios partly overlap.
42 positions in common, counted across the 80 positions we hold weights for in NDOW and 504 in SPY, against full books of 169 and 1,515.
What only one of them owns
Our book lists 454 positions for SPY that do not appear in our book for NDOW (58.1% of the fund), and 21 for NDOW that do not appear in SPY (40.9%).
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 NDOW | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.84% | 7.78% | 3.94% |
| AAPLApple, Inc | 3.03% | 7.45% | 4.42% |
| MSFTMicrosoft Corp | 2.53% | 5.71% | 3.18% |
| AMZNAmazon.Com Inc | 1.94% | 3.78% | 1.84% |
| GOOGAlphabet Inc. C | 2.42% | 2.49% | 0.07% |
| AVGOBroadcom Inc | 1.63% | 2.48% | 0.85% |
| MUMicron Technology, Inc. | 2.01% | 1.59% | 0.42% |
| JPMJpmorgan Chase | 0.84% | 1.43% | 0.59% |
| ABBVAbbvie Inc. | 1.18% | 0.70% | 0.48% |
| JNJJohnson & Johnson - Common | 0.75% | 0.98% | 0.23% |
41.0% of NDOW 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, NDOW or SPY?
NDOW has an expense ratio of 2.11% while SPY charges 0.09%. SPY is the cheaper option, by $202 a year on a $10,000 investment.
Which performed better, NDOW or SPY?
Over the past year NDOW returned +7.31% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NDOW annualized +6.75% vs +18.72% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NDOW or SPY?
SPY has been the more volatile fund at 11.6% annualized versus 7.6% for NDOW. Worst drawdown: NDOW -8.8% vs SPY -18.8%.
Should I hold both NDOW and SPY?
NDOW and SPY have a monthly-return correlation of 0.75, 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 NDOW and SPY?
41.0% of NDOW's money is in holdings SPY also owns. 41.0% of SPY's is in holdings NDOW also owns. They hold 42 positions in common, counted across the 80 positions we hold weights for in NDOW and 504 in SPY.
Which pays a higher dividend, NDOW or SPY?
NDOW yields 1.20% while SPY yields 0.99%, so NDOW currently pays the higher dividend yield.
Is SPY better than NDOW?
SPY has a lower expense ratio. SPY led over 1Y and the full window. NDOW is less concentrated, with 37.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.