SPY vs THMR
State Street SPDR S&P 500 ETF Trust vs THOR AdaptiveRisk Dynamic ETF
Which is better, SPY or THMR?
Large Cap Blend against Tactical Allocation.
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 79.4%.
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 | THMR |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.10% |
| AUM | $823.2B | $44M |
| Dividend Yield | 0.99% | 0.00% |
| Holdings | 1,515 | 52 |
| YTD Return | +13.53%Best | +4.11% |
| 1Y Return | +17.47% | - |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Top 10 Weight | 38.2%Best | 79.4% |
| Fund Family | State Street Investment Management | Thor Financial Technologies |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Tactical Allocation |
| Inception | Jan 22, 1993 | Apr 9, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs THMR 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 THMR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and THOR AdaptiveRisk Dynamic ETF (THMR) is an ETF from Thor Financial Technologies. Year to date, SPY is up 13.53% versus a gain of 4.11% for THMR.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while THMR charges 1.10%. On a $10,000 position that is $9 vs $110 annually, a gap of $101 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 0.00% for THMR.
Holdings Overlap
32.5% of SPY's money is in holdings THMR also owns. 20.4% of THMR's money is in holdings SPY also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 504 positions we hold weights for in SPY and 20 in THMR, against full books of 1,515 and 52.
What only one of them owns
Our book lists 11 positions for THMR that do not appear in our book for SPY (79.5% of the fund), and 487 for SPY that do not appear in THMR (66.6%).
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 THMR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.78% | 4.69% | 3.09% |
| AAPLApple, Inc | 7.45% | 2.18% | 5.27% |
| MSFTMicrosoft Corp | 5.71% | 2.08% | 3.63% |
| AMZNAmazon.Com Inc | 3.78% | 1.26% | 2.52% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.04% | 2.96% | 1.92% |
| GOOGAlphabet Inc. C | 2.49% | 1.20% | 1.29% |
| METAMeta Platforms Inc | 2.22% | 1.45% | 0.77% |
| LLYEli Lilly & Co. | 1.37% | 2.29% | 0.92% |
| PLTRPalantir Technologies Inc | 0.61% | 2.28% | 1.67% |
32.5% of SPY is already inside THMR.
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 THMR?
SPY has an expense ratio of 0.09% while THMR charges 1.10%. SPY is the cheaper option, by $101 a year on a $10,000 investment.
What is the holdings overlap between SPY and THMR?
32.5% of SPY's money is in holdings THMR also owns. 20.4% of THMR's is in holdings SPY also owns. They hold 9 positions in common, counted across the 504 positions we hold weights for in SPY and 20 in THMR.
Which pays a higher dividend, SPY or THMR?
SPY yields 0.99% while THMR yields 0.00%, so SPY currently pays the higher dividend yield.
Is THMR better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 79.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.