EAOA vs SPY
iShares ESG Aware 80/20 Aggressive Allocation ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EAOA or SPY?
Equity-oriented Balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | EAOA | SPY |
|---|---|---|
| Expense Ratio | 0.18% | 0.09%Best |
| AUM | $38M | $814.4B |
| Dividend Yield | 2.00% | 1.01% |
| Holdings | 7 | 505 |
| Volatility (annualized) | 12.9%Best | 15.6% |
| Max Drawdown | -25.1% | -24.5%Best |
| $10,000 over 6.1 years | $19,661 | $26,482Best |
| Top 10 Weight | - | 38.0% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Equity-oriented Balanced | Large Cap Blend |
| Inception | Jun 12, 2020 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 22 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. EAOA has data through Aug 12, 2026 and SPY through Sep 3, 2026.
Volatility and max drawdown, and the $10,000 over 6.1 years row, are measured over the window both funds cover: Jun 18, 2020 to Aug 12, 2026 (6.1 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 12.9% for EAOA. 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 -25.1% for EAOA 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EAOA charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, EAOA currently yields 2.00% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 6 holdings in EAOA and 504 in SPY, totalling 99.9% and 100.0% 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 6 positions we hold weights for in EAOA and 504 in SPY, against full books of 7 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for EAOA (99.5% of the fund), and 6 for EAOA that do not appear in SPY (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of EAOA 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, EAOA or SPY?
EAOA has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option, by $9 a year on a $10,000 investment.
Which is riskier, EAOA or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 12.9% for EAOA. Worst drawdown: EAOA -25.1% vs SPY -24.5%.
Should I hold both EAOA and SPY?
EAOA and SPY have a monthly-return correlation of 0.97, 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, EAOA or SPY?
EAOA yields 2.00% while SPY yields 1.01%, so EAOA currently pays the higher dividend yield.
Is SPY better than EAOA?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.