DIVY vs SPY
Sound Equity Dividend Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DIVY or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. DIVY led over 1Y, SPY over 3Y, 5Y and the full window. DIVY is less concentrated, with 37.7% 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 | DIVY | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $29M | $804.7B |
| Dividend Yield | 2.97% | 0.98% |
| Holdings | 37 | 505 |
| YTD Return | +14.91%Best | +13.82% |
| 1Y Return | +18.61%Best | +16.96% |
| 3Y Return (annualized) | +10.17% | +22.97%Best |
| 5Y Return (annualized) | +8.79% | +13.73%Best |
| Volatility (annualized) | 15.0%Tie | 15.0%Tie |
| Max Drawdown | -18.3%Best | -24.5% |
| $10,000 over 5 years | $15,239 | $19,027Best |
| Top 10 Weight | 37.7%Best | 37.8% |
| Fund Family | Sound Income Strategies | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 30, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 31, 2020 to Sep 21, 2026 (5.7 years).
DIVY 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 5.7 years both funds cover.
DIVY vs SPY Performance
Sound Equity Dividend Income ETF (DIVY) is an ETF from Sound Income Strategies and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year DIVY returned +18.61% while SPY returned +16.96%. Year to date, DIVY is up 14.91% versus a gain of 13.82% for SPY.
Over three years, DIVY compounded at +10.17% per year against +22.97% for SPY; over five years the annualized figures are +8.79% and +13.73% respectively. Across the full 6-year window we track, SPY has the edge at +15.03% annualized vs +11.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVY and SPY have been equally volatile, both at 15.0% annualized.
The deepest peak-to-trough decline in our data was -18.3% for DIVY 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVY charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, DIVY currently yields 2.97% against 0.98% for SPY.
Holdings Overlap
59.5% of DIVY's money is in holdings SPY also owns. 3.4% of SPY's money is in holdings DIVY also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 36 positions we hold weights for in DIVY and 504 in SPY, against full books of 37 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for DIVY (95.9% of the fund), and 12 for DIVY that do not appear in SPY (31.4%).
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 DIVY | Weight in SPY | Difference |
|---|---|---|---|
| OMCOmnicom Group Inc. | 4.61% | 0.04% | 4.57% |
| TBBAt&t Inc | 3.93% | 0.27% | 3.66% |
| CFGCitizens Financial Group Inc. | 3.93% | 0.04% | 3.89% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.88% | 0.66% | 2.22% |
| ESEversource Energ | 3.47% | 0.04% | 3.43% |
| UPSUnited Parcel Service, Inc | 3.21% | 0.12% | 3.09% |
| ABBVAbbvie Inc. | 2.62% | 0.70% | 1.92% |
| PFEPfizer Inc | 2.94% | 0.25% | 2.69% |
| SJMJ M Smucker Co/The | 3.13% | 0.02% | 3.11% |
| PFGPrincipalfinancialgroupinc. | 3.03% | 0.03% | 3.00% |
59.5% of DIVY 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, DIVY or SPY?
DIVY has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, DIVY or SPY?
Over the past year DIVY returned +18.61% vs +16.96% for SPY, so DIVY leads on 1-year performance. Over the longest common window we track (6 years), DIVY annualized +11.38% vs +15.03% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVY or SPY?
DIVY and SPY have been equally volatile, both at 15.0% annualized. Worst drawdown: DIVY -18.3% vs SPY -24.5%.
Should I hold both DIVY and SPY?
DIVY and SPY have a monthly-return correlation of 0.68, 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 DIVY and SPY?
59.5% of DIVY's money is in holdings SPY also owns. 3.4% of SPY's is in holdings DIVY also owns. They hold 21 positions in common, counted across the 36 positions we hold weights for in DIVY and 504 in SPY.
Which pays a higher dividend, DIVY or SPY?
DIVY yields 2.97% while SPY yields 0.98%, so DIVY currently pays the higher dividend yield.
Is SPY better than DIVY?
SPY has a lower expense ratio. DIVY led over 1Y, SPY over 3Y, 5Y and the full window. DIVY is less concentrated, with 37.7% 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.