SPDvsSPYETF Comparison
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Simplify US Equity PLUS Downside Convexity ETF (SPD) belongs to the Options Strategies segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. SPD is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.0945% for SPY. SPD is up 5.51% year-to-date (YTD) with -$16M in YTD flows. SPY performs better with 9.12% YTD performance, and +$9.30B in YTD flows. Run a side-by-side ETF comparison of SPD and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPD vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPD SPY | +0.88%+0.54% | +10.20%+11.68% | +5.51%+9.12% | +12.29%+24.32% | +59.64%+77.80% | +46.97%+86.86% |
| Flows | SPD SPY | -$1M+$15.73B | -$8M+$43.74B | -$16M+$9.30B | +$10M+$21.32B | -$32M+$61.54B | -$59M+$99.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPD SPY | +13.28%+15.27% | +13.35%+12.38% | +16.87%+14.94% | +16.18%+16.96% |
| Max drawdown | SPD SPY | -4.48%-5.52% | -11.92%-8.89% | -14.87%-18.74% | -26.93%-24.50% |
| Max drawdown duration | SPD SPY | 21d21d | 185d76d | 98d126d | 897d708d |
Trading data
SPD | SPY | |
Last sale 6/12/2026 at 1:30 PM | $41.28 | $741.75 |
| Previous close 06/11/2026 | $41.11 | $737.76 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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SPD
is actively managed and doesn’t replicate an indexSPD | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
SPD | SPY | |
|---|---|---|
| Last price | $41.28 | $741.75 |
| 1D performance | +0.40% | +0.54% |
| AuM | $106.29 M | $783.07 B |
| E/R | 0.53% | 0.0945% |
Characteristics
SPD | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Simplify | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2020 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
SPD
USA
96.6%
Other
3.4%
SPY
USA
96.99%
Other
3.01%
Sectors
SPD
Information Techn.
35.48%
Communication Ser.
10.91%
Consumer Discreti.
10.05%
Financials
9.84%
Health Care
8.32%
Industrials
8.03%
Other
17.36%
SPY
Information Techn.
35.7%
Communication Ser.
10.98%
Consumer Discreti.
10.11%
Financials
9.89%
Health Care
8.38%
Industrials
8.08%
Other
16.86%
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Diversification
SPD
Total weight of top 15 holdings out of 15
43.64%
SPY
Total weight of top 15 holdings out of 15
43.91%
Top 15 holdings
Data as of April 30, 2026
SPD
NVIDIA
7.80%
APPLE
6.41%
MICROSOFT-T
4.87%
AMAZON.COM INC
4.17%
ALPHABET INC-CL
3.60%
BROADCOM LIMITED
3.18%
ALPHABET INC-CL
2.87%
META PLATFORMS
2.15%
TESLA
1.73%
BERKSHIRE HATHWAY
1.40%
JPMORGAN CHASE
1.36%
LILLY
1.19%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.93%
SPY
NVIDIA
7.85%
APPLE
6.45%
MICROSOFT-T
4.90%
AMAZON.COM INC
4.19%
ALPHABET INC-CL
3.63%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
Frequently asked questions about SPD and SPY
How have the SPD and SPY ETFs performed in 2026?
As of June 12, 2026, SPD is up 5.51% year-to-date (YTD), while SPY has returned 9.12%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPD or SPY?
Year-to-date, the SPD ETF saw -$16M in flows, compared to +$9.30B for SPY.
Which ETF is more volatile: SPD or SPY?
Over the past year, SPD had a volatility of 13.35%, while SPY experienced 12.38%.
Which ETF is bigger: SPD or SPY?
As of June 12, 2026, SPD holds $106.29 M in assets under management (AUM), while SPY manages $783.07 B.
What sectors do the SPD and SPY ETFs invest in?
SPD leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPY focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPD ETF and SPY ETF?
SPD top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPD or SPY?
SPD holds 504 securities with 43.64% of its assets in the top 15. SPY has 503 securities and a top 15 weight of 43.91%.
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