SPY vs TMSF
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Multi-Sector Income ETF
Which is better, SPY or TMSF?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y.
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 | TMSF |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.37% |
| AUM | $823.2B | $59M |
| Dividend Yield | 0.99% | 4.79% |
| Holdings | 1,515 | 829 |
| YTD Return | +13.53%Best | +0.89% |
| 1Y Return | +17.47%Best | +2.07% |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Fund Family | State Street Investment Management | T.Rowe Price |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | Jan 22, 1993 | Nov 19, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TMSF 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 TMSF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and T. Rowe Price Multi-Sector Income ETF (TMSF) is an ETF from T.Rowe Price. Over the past year SPY returned +17.47% while TMSF returned +2.07%. Year to date, SPY is up 13.53% versus a gain of 0.89% for TMSF.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TMSF charges 0.37%. On a $10,000 position that is $9 vs $37 annually, a gap of $28 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 4.79% for TMSF.
Holdings Overlap
At least 0.1% of SPY's money is in holdings TMSF also owns.
Stated as a floor: for TMSF, our book for it covers 37.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 125 in TMSF, against full books of 1,515 and 829.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TMSF | Difference |
|---|---|---|---|
| TMUST-Mobile Usa, Inc. 3.875% 15-Apr-2030 | 0.13% | 0.12% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of SPY and TMSF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TMSF?
SPY has an expense ratio of 0.09% while TMSF charges 0.37%. SPY is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, SPY or TMSF?
Over the past year SPY returned +17.47% vs +2.07% for TMSF, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, SPY or TMSF?
SPY yields 0.99% while TMSF yields 4.79%, so TMSF currently pays the higher dividend yield.
Is TMSF better than SPY?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.