OAKM vs SSPY
Oakmark US Large Cap ETF vs Stratified LargeCap Index ETF
Which is better, OAKM or SSPY?
Each has led over a different period.
SSPY has a lower expense ratio. OAKM led over the full window, SSPY over 1Y. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 35.0%.
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 | OAKM | SSPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.45%Best |
| AUM | $1.1B | $129M |
| Dividend Yield | 0.65% | 1.25% |
| Holdings | 41 | 1,013 |
| YTD Return | +6.05% | +12.63%Best |
| 1Y Return | +14.80% | +15.52%Best |
| 3Y Return (annualized) | - | +15.71% |
| 5Y Return (annualized) | - | +8.93% |
| Volatility (annualized) | 12.2% | 9.9%Best |
| Max Drawdown | -15.2%Best | -16.1% |
| $10,000 over 1.9 years | $12,344Best | $12,145 |
| Top 10 Weight | 35.0% | 8.9%Best |
| Fund Family | Oakmark Funds | Syntax Stratified |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 3, 2024 | Jan 2, 2019 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 3, 2024 to Oct 14, 2026 (1.9 years).
OAKM vs SSPY 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 1.9 years both funds cover.
OAKM vs SSPY Performance
Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds and Stratified LargeCap Index ETF (SSPY) is an ETF from Syntax Stratified. Over the past year OAKM returned +14.80% while SSPY returned +15.52%. Year to date, OAKM is up 6.05% versus a gain of 12.63% for SSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OAKM has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 9.9% for SSPY. 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 -15.2% for OAKM and -16.1% for SSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OAKM charges 0.59% per year while SSPY charges 0.45%. On a $10,000 position that is $59 vs $45 annually, a gap of $14 per year that compounds over a long holding period. On income, OAKM currently yields 0.65% against 1.25% for SSPY.
Holdings Overlap
90.3% of OAKM's money is in holdings SSPY also owns. 9.0% of SSPY's money is in holdings OAKM also owns.
Most of OAKM is already inside SSPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 39 positions we hold weights for in OAKM and 504 in SSPY, against full books of 41 and 1,013.
What only one of them owns
Our book lists 463 positions for SSPY that do not appear in our book for OAKM (89.4% of the fund), and 3 for OAKM that do not appear in SSPY (5.8%).
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 OAKM | Weight in SSPY | Difference |
|---|---|---|---|
| COFCapital One Financial Corp. | 3.26% | 1.15% | 2.11% |
| CRMSalesforce Inc Crm Us Equity | 4.23% | 0.12% | 4.11% |
| MRKMerck & Company Inc | 3.49% | 0.31% | 3.18% |
| CCitigroup Inc. | 3.67% | 0.13% | 3.54% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 3.53% | 0.27% | 3.26% |
| TRGPTarga Resources Corp Preferred | 3.22% | 0.57% | 2.65% |
| ABNBAirbnb Inc | 3.65% | 0.11% | 3.54% |
| ELVElevance Health Inc | 3.20% | 0.42% | 2.78% |
| DALDl Co., Ltd. | 3.30% | 0.25% | 3.05% |
| STTState Street Corp. | 3.30% | 0.13% | 3.17% |
90.3% of OAKM is already inside SSPY.
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, OAKM or SSPY?
OAKM has an expense ratio of 0.59% while SSPY charges 0.45%. SSPY is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, OAKM or SSPY?
Over the past year OAKM returned +14.80% vs +15.52% for SSPY, so SSPY leads on 1-year performance. Over the longest common window we track (2 years), OAKM annualized +11.72% vs +10.77% for SSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OAKM or SSPY?
OAKM has been the more volatile fund at 12.2% annualized versus 9.9% for SSPY. Worst drawdown: OAKM -15.2% vs SSPY -16.1%.
Should I hold both OAKM and SSPY?
OAKM and SSPY have a monthly-return correlation of 0.69, 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 OAKM and SSPY?
90.3% of OAKM's money is in holdings SSPY also owns. 9.0% of SSPY's is in holdings OAKM also owns. They hold 34 positions in common, counted across the 39 positions we hold weights for in OAKM and 504 in SSPY.
Which pays a higher dividend, OAKM or SSPY?
OAKM yields 0.65% while SSPY yields 1.25%, so SSPY currently pays the higher dividend yield.
Is SSPY better than OAKM?
SSPY has a lower expense ratio. OAKM led over the full window, SSPY over 1Y. SSPY is less concentrated, with 8.9% of the fund in its ten largest positions against 35.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.