ACVF vs SPY
American Conservative Values ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ACVF or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACVF is less concentrated, with 28.7% of the fund in its ten largest positions against 37.8%.
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 | ACVF | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $154M | $804.7B |
| Dividend Yield | 0.51% | 0.98% |
| Holdings | 391 | 505 |
| YTD Return | +10.27% | +11.97%Best |
| 1Y Return | +11.70% | +16.40%Best |
| 3Y Return (annualized) | +17.40% | +21.10%Best |
| 5Y Return (annualized) | +11.43% | +12.88%Best |
| Volatility (annualized) | 14.8%Best | 15.4% |
| Max Drawdown | -24.4%Best | -24.5% |
| $10,000 over 5 years | $17,180 | $18,327Best |
| Top 10 Weight | 28.7%Best | 37.8% |
| Fund Family | ACV ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 28, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 29, 2020 to Sep 14, 2026 (5.9 years).
ACVF 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 5.9 years both funds cover.
ACVF vs SPY Performance
American Conservative Values ETF (ACVF) is an ETF from ACV ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ACVF returned +11.70% while SPY returned +16.40%. Year to date, ACVF is up 10.27% versus a gain of 11.97% for SPY.
Over three years, ACVF compounded at +17.40% per year against +21.10% for SPY; over five years the annualized figures are +11.43% and +12.88% respectively. Across the full 6-year window we track, SPY has the edge at +16.74% annualized vs +15.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.8% for ACVF. 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 -24.4% for ACVF and -24.5% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACVF charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, ACVF currently yields 0.51% against 0.98% for SPY.
Holdings Overlap
96.6% of ACVF's money is in holdings SPY also owns. 64.9% of SPY's money is in holdings ACVF also owns.
Most of ACVF is already inside SPY. Owning both mostly buys the same companies twice.
336 positions in common, counted across the 387 positions we hold weights for in ACVF and 504 in SPY, against full books of 391 and 505.
What only one of them owns
Our book lists 163 positions for SPY that do not appear in our book for ACVF (34.6% of the fund), and 39 for ACVF that do not appear in SPY (3.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACVF | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.32% | 8.01% | 0.31% |
| MSFTMicrosoft Corp | 5.36% | 5.66% | 0.30% |
| AVGOBroadcom Inc | 2.55% | 2.66% | 0.11% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.74% | 0.66% | 2.08% |
| MUMicron Technology, Inc. | 1.60% | 1.60% | 0.00% |
| LLYEli Lilly & Co. | 1.67% | 1.40% | 0.27% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.62% | 1.40% | 0.22% |
| TSLATesla Inc | 1.15% | 1.52% | 0.37% |
| XOMExxon Mobil Corp. | 1.62% | 1.04% | 0.58% |
| AMDAdvanced Micro Devices Inc | 1.27% | 1.14% | 0.13% |
96.6% of ACVF is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACVF or SPY?
ACVF has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, ACVF or SPY?
Over the past year ACVF returned +11.70% vs +16.40% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), ACVF annualized +15.32% vs +16.74% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACVF or SPY?
SPY has been the more volatile fund at 15.4% annualized versus 14.8% for ACVF. Worst drawdown: ACVF -24.4% vs SPY -24.5%.
Should I hold both ACVF and SPY?
ACVF and SPY have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ACVF and SPY?
96.6% of ACVF's money is in holdings SPY also owns. 64.9% of SPY's is in holdings ACVF also owns. They hold 336 positions in common, counted across the 387 positions we hold weights for in ACVF and 504 in SPY.
Which pays a higher dividend, ACVF or SPY?
ACVF yields 0.51% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than ACVF?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACVF is less concentrated, with 28.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.