EALT vs SPY
Innovator US Equity 5 to 15 Buffer ETF - Quarterly vs State Street SPDR S&P 500 ETF Trust
Which is better, EALT or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | EALT | SPY |
|---|---|---|
| Expense Ratio | 0.69% | 0.09%Best |
| AUM | $182M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 23 | 1,515 |
| YTD Return | +3.89% | +13.54%Best |
| 1Y Return | +5.88% | +16.25%Best |
| 3Y Return (annualized) | +13.22% | +23.72%Best |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 8.7%Best | 12.2% |
| Max Drawdown | -14.8%Best | -18.8% |
| $10,000 over 3 years | $14,372 | $18,672Best |
| Fund Family | Innovator ETFs Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 2, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 2, 2023 to Oct 2, 2026 (3 years).
EALT 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 3 years both funds cover.
EALT vs SPY Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) is an ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EALT returned +5.88% while SPY returned +16.25%. Year to date, EALT is up 3.89% versus a gain of 13.54% for SPY.
Over three years, EALT compounded at +13.22% per year against +23.72% 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 12.2% compared with 8.7% for EALT. 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 -14.8% for EALT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EALT charges 0.69% per year while SPY charges 0.09%. On a $10,000 position that is $69 vs $9 annually, a gap of $60 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in EALT and 504 in SPY, totalling 99.8% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in EALT and 504 in SPY, against full books of 23 and 1,515.
You are not choosing between two funds in isolation.
Whichever of EALT 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, EALT or SPY?
EALT has an expense ratio of 0.69% while SPY charges 0.09%. SPY is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, EALT or SPY?
Over the past year EALT returned +5.88% vs +16.25% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EALT or SPY?
SPY has been the more volatile fund at 12.2% annualized versus 8.7% for EALT. Worst drawdown: EALT -14.8% vs SPY -18.8%.
Should I hold both EALT and SPY?
EALT and SPY have a monthly-return correlation of 0.93, 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.
Which pays a higher dividend, EALT or SPY?
EALT yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than EALT?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.