SPCT vs SPY
Liberty One Spectrum ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPCT or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPCT is less concentrated, with 26.2% 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 | SPCT | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $69M | $823.2B |
| Dividend Yield | 1.07% | 0.99% |
| Holdings | 102 | 1,515 |
| YTD Return | +8.04% | +13.53%Best |
| 1Y Return | +9.42% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 11.9%Best | 12.6% |
| Max Drawdown | -7.2%Best | -8.9% |
| $10,000 over 1 years | $10,951 | $11,612Best |
| Top 10 Weight | 26.2%Best | 38.2% |
| Fund Family | Liberty One Investment Management, LLC | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 30, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 30, 2025 to Oct 14, 2026 (1 years).
SPCT 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 1 years both funds cover.
SPCT vs SPY Performance
Liberty One Spectrum ETF (SPCT) is an ETF from Liberty One Investment Management, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SPCT returned +9.42% while SPY returned +17.47%. Year to date, SPCT is up 8.04% 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 12.6% compared with 11.9% for SPCT. 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 -7.2% for SPCT and -8.9% 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 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPCT charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, SPCT currently yields 1.07% against 0.99% for SPY.
Holdings Overlap
88.6% of SPCT's money is in holdings SPY also owns. 36.3% of SPY's money is in holdings SPCT also owns.
Most of SPCT is already inside SPY. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 49 positions we hold weights for in SPCT and 504 in SPY, against full books of 102 and 1,515.
What only one of them owns
Our book lists 453 positions for SPY that do not appear in our book for SPCT (62.8% of the fund), and 3 for SPCT that do not appear in SPY (4.5%).
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 SPCT | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.93% | 7.45% | 4.52% |
| MSFTMicrosoft Corp | 2.90% | 5.71% | 2.81% |
| AMZNAmazon.Com Inc | 2.43% | 3.78% | 1.35% |
| AVGOBroadcom Inc | 2.95% | 2.48% | 0.47% |
| GOOGAlphabet Inc. C | 2.42% | 2.49% | 0.07% |
| METAMeta Platforms Inc | 2.39% | 2.22% | 0.17% |
| JPMJpmorgan Chase | 1.90% | 1.43% | 0.47% |
| LLYEli Lilly & Co. | 1.89% | 1.37% | 0.52% |
| HDHome Depot Inc/The | 2.40% | 0.47% | 1.93% |
| JNJJohnson & Johnson - Common | 1.86% | 0.98% | 0.88% |
88.6% of SPCT 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, SPCT or SPY?
SPCT has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, SPCT or SPY?
Over the past year SPCT returned +9.42% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPCT annualized +9.51% vs +16.12% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPCT or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 11.9% for SPCT. Worst drawdown: SPCT -7.2% vs SPY -8.9%.
Should I hold both SPCT and SPY?
SPCT and SPY have a monthly-return correlation of 0.50, 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 SPCT and SPY?
88.6% of SPCT's money is in holdings SPY also owns. 36.3% of SPY's is in holdings SPCT also owns. They hold 43 positions in common, counted across the 49 positions we hold weights for in SPCT and 504 in SPY.
Which pays a higher dividend, SPCT or SPY?
SPCT yields 1.07% while SPY yields 0.99%, so SPCT currently pays the higher dividend yield.
Is SPY better than SPCT?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPCT is less concentrated, with 26.2% 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.