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SPYG vs. TIP

SPDR Portfolio S&P 500 Growth ETF

SPYG
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.31
SPYGSPDR Portfolio S&P 500 Growth ETF
TIPiShares TIPS Bond ETF

What is SPYG?

The SPDR Portfolio S&P 500 Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index (the "Index"). The S&P 500 Growth Index measures the performance of the large-capitalization growth sector in the U.S. equity market. The selection universe for the S&P 500 Index includes all U.S. common equities listed on the NYSE, NASDAQ Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $5.3 billion or more. The Index is market capitalization weighted.

Snapshot
**

SPYG SPDR Portfolio S&P 500 Growth ETF
TIP iShares TIPS Bond ETF
Inception date
Sep 25 2000
Dec 04 2003
Expense ratio
0.04%
0.19%
SPYG has a lower expense ratio than TIP by 0.15%. This can indicate that it’s cheaper to invest in SPYG than TIP.
Type
US Equities
US Bonds
SPYG targets investing in US Equities, while TIP targets investing in US Bonds.
Fund owner
State Street (SPDR)
Blackrock (iShares)
SPYG is managed by State Street (SPDR), while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$94,041,426
$275,002,281
Both SPYG and TIP are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$18,568,081,481
$21,035,302,259
SPYG has more assets under management than TIP by $2,467,220,778. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Growth Index
ICE US Treasury Inflation Linked Bond Index
SPYG is based off of the S&P 500 Growth Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
No
No
SPYG and TIP use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPYG and TIP both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SPYG and TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SPYG nor TIP require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toSPYG

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Automated Strategies
Related toTIP

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.