ABEQ vs SPY
Absolute Select Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ABEQ or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ABEQ | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $145M | $814.4B |
| Dividend Yield | 1.18% | 1.01% |
| Holdings | 47 | 505 |
| YTD Return | +9.72% | +13.78%Best |
| 1Y Return | +11.35% | +21.44%Best |
| 3Y Return (annualized) | +13.57% | +21.38%Best |
| 5Y Return (annualized) | +8.62% | +12.80%Best |
| Volatility (annualized) | 12.8%Best | 17.0% |
| Max Drawdown | -27.8%Best | -34.1% |
| $10,000 over 5 years | $15,120 | $18,262Best |
| Fund Family | Absolute Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 21, 2020 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 22, 2020 to Sep 3, 2026 (6.6 years).
ABEQ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.6 years both funds cover.
ABEQ vs SPY Performance
Absolute Select Value ETF (ABEQ) is an ETF from Absolute Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ABEQ returned +11.35% while SPY returned +21.44%. Year to date, ABEQ is up 9.72% versus a gain of 13.78% for SPY.
Over three years, ABEQ compounded at +13.57% per year against +21.38% for SPY; over five years the annualized figures are +8.62% and +12.80% respectively. Across the full 7-year window we track, SPY has the edge at +14.95% annualized vs +8.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 12.8% for ABEQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.8% for ABEQ and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ABEQ charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, ABEQ currently yields 1.18% against 1.01% for SPY.
Holdings Overlap
At least 2.9% of SPY's money is in holdings ABEQ also owns.
Stated as a floor: for ABEQ, our book for it covers 83.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and ABEQ share little of their money.
13 positions in common, counted across the 20 positions we hold weights for in ABEQ and 504 in SPY, against full books of 47 and 505.
Top Shared Holdings
| Stock | Weight in ABEQ | Weight in SPY | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 10.53% | 1.42% | 9.11% |
| LLoews Corp | 7.34% | 0.03% | 7.31% |
| OKEOneok Inc. | 5.96% | 0.08% | 5.88% |
| MDTMedtronic Plc Ordinary Shares | 5.51% | 0.17% | 5.34% |
| VZVerizon Communic | 5.14% | 0.29% | 4.85% |
| EOGEog Resources Inc | 4.18% | 0.11% | 4.07% |
| HUBBHubbell Inc | 3.53% | 0.04% | 3.49% |
| APDAir Products & Chemicals Inc. | 3.16% | 0.10% | 3.06% |
| NEENextera Energy Inc | 2.87% | 0.27% | 2.60% |
| IEXI D E X Corporation | 2.97% | 0.03% | 2.94% |
You are not choosing between two funds in isolation.
Whichever of ABEQ and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ABEQ or SPY?
ABEQ has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, ABEQ or SPY?
Over the past year ABEQ returned +11.35% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), ABEQ annualized +8.28% vs +14.95% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ABEQ or SPY?
SPY has been the more volatile fund at 17.0% annualized versus 12.8% for ABEQ. Worst drawdown: ABEQ -27.8% vs SPY -34.1%.
Should I hold both ABEQ and SPY?
ABEQ and SPY have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ABEQ and SPY?
At least 2.9% of SPY's money is in holdings ABEQ also owns. Our book for ABEQ is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 20 positions we hold weights for in ABEQ and 504 in SPY.
Which pays a higher dividend, ABEQ or SPY?
ABEQ yields 1.18% while SPY yields 1.01%, so ABEQ currently pays the higher dividend yield.
Is SPY better than ABEQ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.