ADVE vs SPY
Matthews Asia Dividend Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ADVE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ADVE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $9M | $789.1B | |
| Dividend Yield | 2.22% | 1.01% | |
| Holdings | 67 | 505 | |
| YTD Return | +16.67% | +14.47% | |
| 1Y Return | +28.13% | +21.96% | |
| 3Y Return (annualized) | +20.01% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 12.3% | 15.3% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | Matthews Asia Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2023 | Jan 22, 1993 |
ADVE vs SPY Performance
Matthews Asia Dividend Active ETF (ADVE) is a ETF from Matthews Asia Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ADVE returned +28.13% while SPY returned +21.96%. Year to date, ADVE is up 16.67% versus a gain of 14.47% for SPY.
Over three years, ADVE compounded at +20.01% per year against +21.70% for SPY. Across the full 3-year window we track, ADVE has the edge at +20.01% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.3% for ADVE. 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 -18.4% for ADVE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ADVE charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, ADVE currently yields 2.22% against 1.01% for SPY.
Holdings Overlap
ADVE and SPY share 0 holdings out of 565 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ADVE or SPY?
ADVE has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, ADVE or SPY?
Over the past year ADVE returned +28.13% vs +21.96% for SPY, so ADVE leads on 1-year performance. Over the longest common window we track (3 years), ADVE annualized +20.01% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, ADVE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.3% for ADVE. Worst drawdown: ADVE -18.4% vs SPY -56.5%.
Should I hold both ADVE and SPY?
ADVE and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ADVE and SPY?
ADVE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 565 unique securities.
Which pays a higher dividend, ADVE or SPY?
ADVE yields 2.22% while SPY yields 1.01%, so ADVE currently pays the higher dividend yield.
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