TSPAvsSPYETF Comparison
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T. Rowe Price U.S. Equity Research ETF (TSPA) and State Street SPDR S&P 500 ETF Trust (SPY) belong to the same industry segment: US Large Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. TSPA is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.0945% for SPY. TSPA is up 13.99% year-to-date (YTD) with +$2.14B 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 TSPA 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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TSPA vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TSPA SPY | +2.11%+1.49% | +2.06%+1.92% | +13.99%+12.84% | +17.11%+16.78% | +84.03%+81.50% | +85.87%+82.51% |
| Flows | TSPA SPY | +$108M+$6.68B | +$373M+$9.28B | +$2.14B+$13.31B | +$2.18B+$36.89B | +$3.84B+$77.58B | +$3.85B+$86.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TSPA SPY | +11.38%+11.17% | +13.12%+12.72% | +15.25%+14.97% | +17.66%+16.97% |
| Max drawdown | TSPA SPY | -3.66%-3.03% | -9.19%-8.89% | -19.15%-18.74% | -24.81%-24.50% |
| Max drawdown duration | TSPA SPY | 16d53d | 75d76d | 127d126d | 704d708d |
Trading data
TSPA | SPY | |
Last sale 10/16/2026 at 1:30 PM | $48.08 | $763.25 |
| Previous close 10/15/2026 | $48.75 | $771.79 |
| Consolidated volume 10/15/2026 | ||
| 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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TSPA
is actively managed and doesn’t replicate an indexTSPA | 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 10/16/2026 at 1:30 PM
Live
Closed
TSPA | SPY | |
|---|---|---|
| Last price | $48.08 | $763.25 |
| 1D performance | -1.37% | -1.11% |
| AuM | $4.66 B | $809.77 B |
| E/R | 0.34% | 0.0945% |
Characteristics
TSPA | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 325 | 497 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 8, 2021 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
TSPA
USA
95.85%
Other
4.15%
SPY
USA
96.4%
Other
3.6%
Sectors
TSPA
Technology
45.47%
Finance
13.88%
Healthcare
9.08%
Consumer Non-Cycl.
8.98%
Industrials
7.46%
Other
15.13%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
TSPA
Total weight of top 15 holdings out of 15
44.35%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of August 31, 2026
TSPA
NVIDIA Corp.
8.04%
Apple, Inc.
6.79%
Microsoft Corp.
5.82%
Amazon.com, Inc.
4.02%
Alphabet, Inc.
3.21%
Broadcom Inc.
2.62%
Alphabet, Inc.
2.54%
Meta Platforms, Inc.
2.09%
Micron Technology, Inc.
1.63%
Eli Lilly & Co.
1.45%
JPMorgan Chase & Co.
1.41%
Tesla, Inc.
1.40%
Advanced Micro Devices, Inc.
1.27%
Mastercard, Inc.
1.15%
Johnson & Johnson
0.92%
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 TSPA and SPY
How have the TSPA and SPY ETFs performed in 2026?
As of October 15, 2026, TSPA is up 13.99% year-to-date (YTD), while SPY has returned 12.84%. That puts TSPA better performer ahead so far this year.
Which ETF is attracting more investor money: TSPA or SPY?
Year-to-date, the TSPA ETF saw +$2.14B in flows, compared to +$13.31B for SPY.
Which ETF is more volatile: TSPA or SPY?
Over the past year, TSPA had a volatility of 13.12%, while SPY experienced 12.72%.
Which ETF is bigger: TSPA or SPY?
As of October 15, 2026, TSPA holds $4.66 B in assets under management (AUM), while SPY manages $809.77 B.
What sectors do the TSPA and SPY ETFs invest in?
TSPA leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the TSPA ETF and SPY ETF?
TSPA top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: TSPA or SPY?
TSPA holds 326 securities with 44.35% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
Latest news about TSPA & SPY
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
SPY
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The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
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The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
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August 27, 2026
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The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
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