SPYT vs THRO
Defiance S&P 500 Income Target ETF vs iShares US Thematic Rotation Active ETF
Which is better, SPYT or THRO?
Nearly the same fund. THRO costs less.
THRO has a lower expense ratio. THRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | SPYT | THRO |
|---|---|---|
| Expense Ratio | 0.92% | 0.57%Best |
| AUM | $170M | $7.5B |
| Dividend Yield | 20.83% | 0.30% |
| Holdings | 10 | 251 |
| YTD Return | +12.99% | +14.55%Best |
| 1Y Return | +15.90% | +18.23%Best |
| 3Y Return (annualized) | - | +23.72% |
| Volatility (annualized) | 10.7%Best | 13.6% |
| Max Drawdown | -18.3%Best | -19.1% |
| $10,000 over 2.6 years | $14,369 | $15,415Best |
| Fund Family | Defiance ETFs, LLC | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Mar 7, 2024 | Dec 14, 2021 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
SPYT vs THRO 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 2.6 years both funds cover.
SPYT vs THRO Performance
Defiance S&P 500 Income Target ETF (SPYT) is an ETF from Defiance ETFs, LLC and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year SPYT returned +15.90% while THRO returned +18.23%. Year to date, SPYT is up 12.99% versus a gain of 14.55% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.7% for SPYT. 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 -18.3% for SPYT and -19.1% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYT charges 0.92% per year while THRO charges 0.57%. On a $10,000 position that is $92 vs $57 annually, a gap of $35 per year that compounds over a long holding period. On income, SPYT currently yields 20.83% against 0.30% for THRO.
Holdings Overlap
We hold position weights for 1 holding in SPYT and 247 in THRO, totalling 99.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in SPYT and 247 in THRO, against full books of 10 and 251.
You are not choosing between two funds in isolation.
Whichever of SPYT and THRO 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, SPYT or THRO?
SPYT has an expense ratio of 0.92% while THRO charges 0.57%. THRO is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, SPYT or THRO?
Over the past year SPYT returned +15.90% vs +18.23% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYT or THRO?
THRO has been the more volatile fund at 13.6% annualized versus 10.7% for SPYT. Worst drawdown: SPYT -18.3% vs THRO -19.1%.
Should I hold both SPYT and THRO?
SPYT and THRO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SPYT or THRO?
SPYT yields 20.83% while THRO yields 0.30%, so SPYT currently pays the higher dividend yield.
Is THRO better than SPYT?
THRO has a lower expense ratio. THRO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.