SPY vs TAOZ
State Street SPDR S&P 500 ETF Trust vs Thornburg American Opportunities Fund ETF
Which is better, SPY or TAOZ?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 39.6%.
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 | SPY | TAOZ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.79% |
| AUM | $823.2B | $10M |
| Dividend Yield | 0.99% | 0.00% |
| Holdings | 1,515 | 44 |
| YTD Return | +13.53%Best | +9.92% |
| 1Y Return | +17.47% | - |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Top 10 Weight | 38.2%Best | 39.6% |
| Fund Family | State Street Investment Management | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Apr 1, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs TAOZ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TAOZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Thornburg American Opportunities Fund ETF (TAOZ) is an ETF from Thornburg Investment Management. Year to date, SPY is up 13.53% versus a gain of 9.92% for TAOZ.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TAOZ charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 0.00% for TAOZ.
Holdings Overlap
17.7% of SPY's money is in holdings TAOZ also owns. 50.9% of TAOZ's money is in holdings SPY also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 504 positions we hold weights for in SPY and 43 in TAOZ, against full books of 1,515 and 44.
What only one of them owns
Our book lists 9 positions for TAOZ that do not appear in our book for SPY (18.2% of the fund), and 474 for SPY that do not appear in TAOZ (81.4%).
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 SPY | Weight in TAOZ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.45% | 4.95% | 2.50% |
| GOOGLAlphabet Inc | 3.12% | 5.06% | 1.94% |
| METAMeta Platforms Inc | 2.22% | 3.70% | 1.48% |
| LLYEli Lilly & Co. | 1.37% | 3.97% | 2.60% |
| SCHWSchwab Strategic T | 0.27% | 3.80% | 3.53% |
| IQVI Q V I A Holdings Inc. | 0.07% | 3.57% | 3.50% |
| NFLXNetflix, Inc. | 0.51% | 2.99% | 2.48% |
| COHRCoherent, Inc | 0.08% | 3.22% | 3.14% |
| CCitigroup Inc. | 0.35% | 2.93% | 2.58% |
| MAMastercard Inc | 0.71% | 2.17% | 1.46% |
50.9% of TAOZ 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, SPY or TAOZ?
SPY has an expense ratio of 0.09% while TAOZ charges 0.79%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
What is the holdings overlap between SPY and TAOZ?
50.9% of TAOZ's money is in holdings SPY also owns. 50.9% of TAOZ's is in holdings SPY also owns. They hold 22 positions in common, counted across the 504 positions we hold weights for in SPY and 43 in TAOZ.
Which pays a higher dividend, SPY or TAOZ?
SPY yields 0.99% while TAOZ yields 0.00%, so SPY currently pays the higher dividend yield.
Is TAOZ better than SPY?
SPY has a lower expense ratio. SPY led over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 39.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.