SPY vs TFI: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
TFIState Street® SPDR® Nuveen ICE Municipal Bond ETF
State Street (SPDR) · 1881 holdings · $3.1B · as of 2026-08-07
How similar are SPY and TFI?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; State Street® SPDR® Nuveen ICE Municipal Bond ETF (TFI, by State Street (SPDR)) holds 1881. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SPY holds 504 · TFI holds 1881
- Weight in Shared Holdings
- SPY 0%·TFI 0%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPY
504 of 504 positions (99.9% of the fund) are not held by TFI. Showing the top 30 by weight.
Only in TFI
1881 of 1881 positions (99.0% of the fund) are not held by SPY. Showing the top 30 by weight.
- NYC 5.000 08/01/310.46%
- UNVHGR 5.000 05/15/290.28%
- CAS 5.000 11/01/310.24%
- CTSGEN 5.000 07/01/280.24%
- CAS 5.000 11/01/270.23%
- NYCGEN 5.250 05/01/480.22%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| TFI | -0.9% | +0.6% | +4.7% | +2.9% | -0.3% | +1.3% | 3.56% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPY vs TFI →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SPY and TFI overlap?
SPY and TFI overlap by 0.0% of portfolio weight. They share 0 holdings (SPY holds 504 positions and TFI holds 1881), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and TFI?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SPY own that TFI doesn't?
504 positions (99.9% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 1881 positions (99.0% of TFI) are unique to TFI.