SPYM vs TIME
State Street SPDR Portfolio S&P 500 ETF vs Clockwise US Core Equity ETF
Which is better, SPYM or TIME?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 46.2%.
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 | SPYM | TIME |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.96% |
| AUM | $185.2B | $16M |
| Dividend Yield | 1.01% | 0.67% |
| Holdings | 509 | 56 |
| YTD Return | +13.57%Best | +11.28% |
| 1Y Return | +17.53%Best | +13.37% |
| 3Y Return (annualized) | +22.46%Best | +18.43% |
| 5Y Return (annualized) | +13.29% | - |
| Volatility (annualized) | 15.5%Best | 24.2% |
| Max Drawdown | -22.1%Best | -42.2% |
| $10,000 over 4.7 years | $18,588Best | $14,527 |
| Top 10 Weight | 39.0%Best | 46.2% |
| Fund Family | State Street Investment Management | Clockwise Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Jan 27, 2022 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Jan 28, 2022 to Oct 14, 2026 (4.7 years).
SPYM vs TIME 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 4.7 years both funds cover.
SPYM vs TIME Performance
State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management and Clockwise US Core Equity ETF (TIME) is an ETF from Clockwise Capital. Over the past year SPYM returned +17.53% while TIME returned +13.37%. Year to date, SPYM is up 13.57% versus a gain of 11.28% for TIME.
Over three years, SPYM compounded at +22.46% per year against +18.43% for TIME.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIME has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 15.5% for SPYM. 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 -22.1% for SPYM and -42.2% for TIME. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYM charges 0.02% per year while TIME charges 0.96%. On a $10,000 position that is $2 vs $96 annually, a gap of $94 per year that compounds over a long holding period. On income, SPYM currently yields 1.01% against 0.67% for TIME.
Holdings Overlap
53.3% of SPYM's money is in holdings TIME also owns. 81.2% of TIME's money is in holdings SPYM also owns.
Most of TIME is already inside SPYM. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 505 positions we hold weights for in SPYM and 59 in TIME, against full books of 509 and 56.
What only one of them owns
Our book lists 13 positions for TIME that do not appear in our book for SPYM (16.9% of the fund), and 453 for SPYM that do not appear in TIME (46.0%).
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 SPYM | Weight in TIME | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.49% | 9.34% | 0.85% |
| AAPLApple, Inc | 7.30% | 9.28% | 1.98% |
| MSFTMicrosoft Corp | 5.76% | 6.28% | 0.52% |
| GOOGLAlphabet Inc | 3.02% | 4.78% | 1.76% |
| AMZNAmazon.Com Inc | 3.70% | 3.68% | 0.02% |
| AVGOBroadcom Inc | 2.53% | 2.55% | 0.02% |
| METAMeta Platforms Inc | 2.41% | 1.22% | 1.19% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.40% | 1.89% | 0.49% |
| LLYEli Lilly & Co. | 1.37% | 1.81% | 0.44% |
| AMDAdvanced Micro Devices Inc | 1.55% | 1.60% | 0.05% |
81.2% of TIME is already inside SPYM.
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, SPYM or TIME?
SPYM has an expense ratio of 0.02% while TIME charges 0.96%. SPYM is the cheaper option, by $94 a year on a $10,000 investment.
Which performed better, SPYM or TIME?
Over the past year SPYM returned +17.53% vs +13.37% for TIME, so SPYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYM or TIME?
TIME has been the more volatile fund at 24.2% annualized versus 15.5% for SPYM. Worst drawdown: SPYM -22.1% vs TIME -42.2%.
Should I hold both SPYM and TIME?
SPYM and TIME have a monthly-return correlation of 0.83, 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 SPYM and TIME?
81.2% of TIME's money is in holdings SPYM also owns. 81.2% of TIME's is in holdings SPYM also owns. They hold 45 positions in common, counted across the 505 positions we hold weights for in SPYM and 59 in TIME.
Which pays a higher dividend, SPYM or TIME?
SPYM yields 1.01% while TIME yields 0.67%, so SPYM currently pays the higher dividend yield.
Is TIME better than SPYM?
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 46.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.