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TRFMvsSPYETF Comparison

ETF 1

TRFM

AAM Transformers ETF

This fund is part of

US Large Cap

-1.25%

Full TRFM fund page

VS

ETF 2

SPY

State Street SPDR S&P 500 ETF Trust

This fund is part of

US Large Cap

-1.25%

Full SPY fund page

AAM Transformers ETF (TRFM) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. In contrast, SPY's top sector exposures are Technology, Finance and Healthcare. TRFM is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.0945% for SPY. TRFM is up 16.63% year-to-date (YTD) with +$205M in YTD flows. SPY performs worse with 12.84% YTD performance, and +$13.31B in YTD flows. Run a side-by-side ETF comparison of TRFM 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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TRFM vs SPY performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TRFM SPY	-3.05%+1.49%	-5.17%+1.92%	+16.63%+12.84%	+12.94%+16.78%	+104.62%+81.50%	n/a+82.51%
Flows	TRFM SPY	+$70M+$6.68B	+$109M+$9.28B	+$205M+$13.31B	+$212M+$36.89B	+$261M+$77.58B	-+$86.62B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TRFM SPY	+23.76%+11.17%	+26.23%+12.72%	+25.53%+14.97%	n/a+16.97%
Max drawdown	TRFM SPY	-11.50%-3.03%	-13.06%-8.89%	-28.33%-18.74%	n/a-24.50%
Max drawdown duration	TRFM SPY	64d53d	72d76d	125d126d	n/a708d

Trading data

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	TRFM	SPY
Last sale 10/16/2026 at 1:30 PM	$55.50	$763.25
Previous close 10/16/2026	$57.25	$771.79
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	TRFM	SPY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	TRFM	SPY
Last price	$55.50	$763.25
1D performance	-3.06%	-1.11%
AuM	$321.75 M	$809.77 B
E/R	0.49%	0.0945%

Characteristics

	TRFM	SPY
Management strategy	Passive	Passive
Provider	Advisors Asset Management	State Street Investment Management
Benchmark	Pence Transformers Index	S&P 500 Index
N° of holdings	-	497
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 12, 2022	January 22, 1993
ESG	No	No

More TRFM data on Trackinsight

More SPY data on Trackinsight

Exposure

Countries

TRFM

Data will be available soon

SPY

USA

96.4%

Other

3.6%

Sectors

TRFM

Data will be available soon

SPY

Technology

45.23%

Finance

13.62%

Healthcare

9.08%

Consumer Non-Cycl.

8.88%

Industrials

7.46%

Other

15.72%

Diversification

TRFM

Data will be available soon

SPY

Total weight of top 15 holdings out of 15

44.11%

Top 15 holdings

Data as of January 1, 1970

TRFM

Data will be available soon

SPY

NVIDIA Corp.

8.07%

Apple, Inc.

7.03%

Microsoft Corp.

5.69%

Amazon.com, Inc.

3.84%

Alphabet, Inc.

3.00%

Broadcom Inc.

2.65%

Alphabet, Inc.

2.39%

Meta Platforms, Inc.

1.90%

Micron Technology, Inc.

1.63%

Tesla, Inc.

1.56%

JPMorgan Chase & Co.

1.44%

Berkshire Hathaway, Inc.

1.40%

Eli Lilly & Co.

1.38%

Advanced Micro Devices, Inc.

1.16%

Johnson & Johnson

0.97%

Frequently asked questions about TRFM and SPY

TRFMvsSPYETF Comparison

AAM Transformers ETF

State Street SPDR S&P 500 ETF Trust

TRFM vs SPY performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TRFM and SPY ETFs performed in 2026?

As of October 16, 2026, TRFM is up 16.63% year-to-date (YTD), while SPY has returned 12.84%. That puts TRFM better performer ahead so far this year.

Which ETF is attracting more investor money: TRFM or SPY?

Year-to-date, the TRFM ETF saw +$205M in flows, compared to +$13.31B for SPY.

Which ETF is more volatile: TRFM or SPY?

Over the past year, TRFM had a volatility of 26.23%, while SPY experienced 12.72%.

Which ETF is bigger: TRFM or SPY?

As of October 16, 2026, TRFM holds $321.75 M in assets under management (AUM), while SPY manages $809.77 B.

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