PRN vs SPY
Invesco Dorsey Wright Industrials Momentum ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PRN or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. PRN led over 3Y, 5Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.0%.
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 | PRN | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $340M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 96 | 1,515 |
| YTD Return | +8.44% | +13.53%Best |
| 1Y Return | +9.06% | +17.47%Best |
| 3Y Return (annualized) | +24.80%Best | +22.36% |
| 5Y Return (annualized) | +14.17%Best | +13.21% |
| Volatility (annualized) | 21.4% | 15.3%Best |
| Max Drawdown | -59.9% | -56.5%Best |
| $10,000 over 5 years | $19,398Best | $18,596 |
| Top 10 Weight | 41.0% | 38.2%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 12, 2006 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2006 to Oct 14, 2026 (20 years).
PRN 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 20 years both funds cover.
PRN vs SPY Performance
Invesco Dorsey Wright Industrials Momentum ETF (PRN) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PRN returned +9.06% while SPY returned +17.47%. Year to date, PRN is up 8.44% versus a gain of 13.53% for SPY.
Over three years, PRN compounded at +24.80% per year against +22.36% for SPY; over five years the annualized figures are +14.17% and +13.21% respectively. Across the full 20-year window we track, PRN has the edge at +11.35% annualized vs +9.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PRN has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 15.3% 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 -59.9% for PRN and -56.5% 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PRN charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, PRN currently yields 0.00% against 0.99% for SPY.
Holdings Overlap
31.8% of PRN's money is in holdings SPY also owns. 1.7% of SPY's money is in holdings PRN also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 35 positions we hold weights for in PRN and 504 in SPY, against full books of 96 and 1,515.
What only one of them owns
Our book lists 488 positions for SPY that do not appear in our book for PRN (97.3% of the fund), and 26 for PRN that do not appear in SPY (66.0%).
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 PRN | Weight in SPY | Difference |
|---|---|---|---|
| GWWWw Grainger Inc. | 5.09% | 0.08% | 5.01% |
| CTASCintas Corp. | 4.73% | 0.10% | 4.63% |
| GEGeneral Electric Co. | 4.20% | 0.50% | 3.70% |
| RTXRaytheon Technologies Corp | 3.63% | 0.40% | 3.23% |
| PHParker-Hannifin Corp. | 3.76% | 0.18% | 3.58% |
| JCIJohnson Controls Internation S | 3.71% | 0.13% | 3.58% |
| WABWestinghouse Air Brake Technologies Corp. | 3.73% | 0.07% | 3.66% |
| DEDeere & Co. | 2.92% | 0.26% | 2.66% |
31.8% of PRN 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, PRN or SPY?
PRN has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, PRN or SPY?
Over the past year PRN returned +9.06% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), PRN annualized +11.35% vs +9.46% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PRN or SPY?
PRN has been the more volatile fund at 21.4% annualized versus 15.3% for SPY. Worst drawdown: PRN -59.9% vs SPY -56.5%.
Should I hold both PRN and SPY?
PRN and SPY have a monthly-return correlation of 0.86, 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 PRN and SPY?
31.8% of PRN's money is in holdings SPY also owns. 1.7% of SPY's is in holdings PRN also owns. They hold 8 positions in common, counted across the 35 positions we hold weights for in PRN and 504 in SPY.
Which pays a higher dividend, PRN or SPY?
PRN yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than PRN?
SPY has a lower expense ratio. PRN led over 3Y, 5Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 41.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.