SPY vs TNGY
State Street SPDR S&P 500 ETF Trust vs Tortoise Energy Fund ETF
Which is better, SPY or TNGY?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. TNGY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 63.1%.
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 | TNGY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.85% |
| AUM | $823.2B | $594M |
| Dividend Yield | 0.99% | 4.42% |
| Holdings | 1,515 | 61 |
| YTD Return | +13.53% | +33.16%Best |
| 1Y Return | +17.47% | +35.49%Best |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Volatility (annualized) | 11.5%Best | 16.2% |
| Max Drawdown | -8.9%Best | -9.8% |
| $10,000 over 1.3 years | $12,910 | $13,384Best |
| Top 10 Weight | 38.2%Best | 63.1% |
| Fund Family | State Street Investment Management | Tortoise Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Jun 16, 2025 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 16, 2025 to Oct 14, 2026 (1.3 years).
SPY vs TNGY 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 1.3 years both funds cover.
SPY vs TNGY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Tortoise Energy Fund ETF (TNGY) is an ETF from Tortoise Capital. Over the past year SPY returned +17.47% while TNGY returned +35.49%. Year to date, SPY is up 13.53% versus a gain of 33.16% for TNGY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TNGY has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 11.5% 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 -8.9% for SPY and -9.8% for TNGY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.22. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while TNGY charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 4.42% for TNGY.
Holdings Overlap
2.9% of SPY's money is in holdings TNGY also owns. 72.2% of TNGY's money is in holdings SPY also owns.
Most of TNGY is already inside SPY. Owning both mostly buys the same companies twice.
14 positions in common, counted across the 504 positions we hold weights for in SPY and 27 in TNGY, against full books of 1,515 and 61.
What only one of them owns
Our book lists 12 positions for TNGY that do not appear in our book for SPY (27.5% of the fund), and 482 for SPY that do not appear in TNGY (96.2%).
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 TNGY | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 0.18% | 10.02% | 9.84% |
| VLOValero Energy | 0.17% | 9.50% | 9.33% |
| CVXChevron Corp | 0.60% | 7.61% | 7.01% |
| FANGDiamondback Energy Inc - Common | 0.06% | 6.75% | 6.69% |
| OXYOccidental Petroleum Corp. | 0.07% | 5.97% | 5.90% |
| XOMExxonmobil Corp. | 1.04% | 4.90% | 3.86% |
| WMBWilliams Cos. Inc. | 0.13% | 4.51% | 4.38% |
| OKEOneok Inc. | 0.09% | 4.22% | 4.13% |
| TRGPTarga Resources Corp Preferred | 0.09% | 4.06% | 3.97% |
| CEGConstellation Energy Corporation Com | 0.13% | 3.84% | 3.71% |
72.2% of TNGY 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 TNGY?
SPY has an expense ratio of 0.09% while TNGY charges 0.85%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, SPY or TNGY?
Over the past year SPY returned +17.47% vs +35.49% for TNGY, so TNGY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +21.71% vs +25.13% for TNGY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TNGY?
TNGY has been the more volatile fund at 16.2% annualized versus 11.5% for SPY. Worst drawdown: SPY -8.9% vs TNGY -9.8%.
Should I hold both SPY and TNGY?
SPY and TNGY have a monthly-return correlation of -0.22, 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 SPY and TNGY?
72.2% of TNGY's money is in holdings SPY also owns. 72.2% of TNGY's is in holdings SPY also owns. They hold 14 positions in common, counted across the 504 positions we hold weights for in SPY and 27 in TNGY.
Which pays a higher dividend, SPY or TNGY?
SPY yields 0.99% while TNGY yields 4.42%, so TNGY currently pays the higher dividend yield.
Is TNGY better than SPY?
SPY has a lower expense ratio. TNGY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 63.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.