DIVG vs SPY
Invesco S&P 500 High Dividend Growers ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DIVG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. DIVG led over 1Y, SPY over the full window. DIVG is less concentrated, with 20.5% of the fund in its ten largest positions against 38.0%.
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 | DIVG | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $12M | $814.4B |
| Dividend Yield | 2.98% | 1.01% |
| Holdings | 102 | 505 |
| YTD Return | +17.63%Best | +12.71% |
| 1Y Return | +21.89%Best | +19.36% |
| 3Y Return (annualized) | - | +21.09% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 10.9%Best | 11.8% |
| Max Drawdown | -15.0%Best | -18.8% |
| $10,000 over 2.8 years | $16,298 | $17,575Best |
| Top 10 Weight | 20.5%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Dec 6, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 6, 2023 to Sep 8, 2026 (2.8 years).
DIVG 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 2.8 years both funds cover.
DIVG vs SPY Performance
Invesco S&P 500 High Dividend Growers ETF (DIVG) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DIVG returned +21.89% while SPY returned +19.36%. Year to date, DIVG is up 17.63% versus a gain of 12.71% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 10.9% for DIVG. 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 -15.0% for DIVG and -18.8% 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 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVG charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, DIVG currently yields 2.98% against 1.01% for SPY.
Holdings Overlap
100.0% of DIVG's money is in holdings SPY also owns. 15.2% of SPY's money is in holdings DIVG also owns.
Most of DIVG is already inside SPY. Owning both mostly buys the same companies twice.
99 positions in common, counted across the 100 positions we hold weights for in DIVG and 503 in SPY, against full books of 102 and 505.
What only one of them owns
Our book lists 395 positions for SPY that do not appear in our book for DIVG (84.3% of the fund), and 1 for DIVG that do not appear in SPY (0.1%).
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 DIVG | Weight in SPY | Difference |
|---|---|---|---|
| HPQHp Inc. | 2.88% | 0.04% | 2.84% |
| BENFranklin Resources Inc | 2.42% | 0.02% | 2.40% |
| PRUPrudential Financial Inc. | 2.20% | 0.06% | 2.14% |
| JPMJpmorgan Chase & Co. | 0.75% | 1.44% | 0.69% |
| MOAltria Group Inc. | 2.00% | 0.17% | 1.83% |
| PAYXPaychex, Inc. | 2.03% | 0.06% | 1.97% |
| ARESAres Management Corp Preferred Stock 7 | 2.01% | 0.05% | 1.96% |
| VICIVici Properties Inc | 1.93% | 0.04% | 1.89% |
| VZVerizon Communications Inc Com Usd1 | 1.64% | 0.29% | 1.35% |
| UNHUnitedhealth Group, Inc. | 1.35% | 0.56% | 0.79% |
100.0% of DIVG 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, DIVG or SPY?
DIVG has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, DIVG or SPY?
Over the past year DIVG returned +21.89% vs +19.36% for SPY, so DIVG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVG or SPY?
SPY has been the more volatile fund at 11.8% annualized versus 10.9% for DIVG. Worst drawdown: DIVG -15.0% vs SPY -18.8%.
Should I hold both DIVG and SPY?
DIVG and SPY have a monthly-return correlation of 0.47, 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 DIVG and SPY?
100.0% of DIVG's money is in holdings SPY also owns. 15.2% of SPY's is in holdings DIVG also owns. They hold 99 positions in common, counted across the 100 positions we hold weights for in DIVG and 503 in SPY.
Which pays a higher dividend, DIVG or SPY?
DIVG yields 2.98% while SPY yields 1.01%, so DIVG currently pays the higher dividend yield.
Is SPY better than DIVG?
SPY has a lower expense ratio. DIVG led over 1Y, SPY over the full window. DIVG is less concentrated, with 20.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.