SPY vs ZTRE
State Street SPDR S&P 500 ETF Trust vs F/m 3-Year Investment Grade Corporate Bond ETF
Which is better, SPY or ZTRE?
Large Cap Blend against Short Term Mid Quality.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | ZTRE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.15% |
| AUM | $823.2B | $42M |
| Dividend Yield | 0.99% | 4.61% |
| Holdings | 1,515 | 477 |
| YTD Return | +13.53%Best | +0.10% |
| 1Y Return | +17.47%Best | +0.99% |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Volatility (annualized) | 11.8% | 2.2%Best |
| Max Drawdown | -18.8% | -1.5%Best |
| $10,000 over 2.8 years | $16,817Best | $11,188 |
| Fund Family | State Street Investment Management | F-m investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term Mid Quality |
| Inception | Jan 22, 1993 | Jan 10, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 11, 2024 to Oct 14, 2026 (2.8 years).
SPY vs ZTRE 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 2.8 years both funds cover.
SPY vs ZTRE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and F/m 3-Year Investment Grade Corporate Bond ETF (ZTRE) is an ETF from F-m investments. Over the past year SPY returned +17.47% while ZTRE returned +0.99%. Year to date, SPY is up 13.53% versus a gain of 0.10% for ZTRE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 2.2% for ZTRE. 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 -18.8% for SPY and -1.5% for ZTRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while ZTRE charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 4.61% for ZTRE.
Holdings Overlap
At least 0.1% of SPY's money is in holdings ZTRE also owns.
Stated as a floor: for ZTRE, our book for it covers 75.4% 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 359 in ZTRE, against full books of 1,515 and 477.
Top Shared Holdings
| Stock | Weight in SPY | Weight in ZTRE | Difference |
|---|---|---|---|
| KDPKeurig Dr Pepper Inc 3.95 04/15/2029 | 0.07% | 0.21% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of SPY and ZTRE 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 ZTRE?
SPY has an expense ratio of 0.09% while ZTRE charges 0.15%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPY or ZTRE?
Over the past year SPY returned +17.47% vs +0.99% for ZTRE, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or ZTRE?
SPY has been the more volatile fund at 11.8% annualized versus 2.2% for ZTRE. Worst drawdown: SPY -18.8% vs ZTRE -1.5%.
Should I hold both SPY and ZTRE?
SPY and ZTRE have a monthly-return correlation of 0.32, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or ZTRE?
SPY yields 0.99% while ZTRE yields 4.61%, so ZTRE currently pays the higher dividend yield.
Is ZTRE better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.