Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricEAOMSPYWinner
Expense Ratio0.18%0.09%
AUM$9M$789.1B
Dividend Yield2.78%1.01%
Holdings7505
YTD Return+4.41%+13.79%
1Y Return+8.97%+23.66%
3Y Return (annualized)+9.54%+21.40%
5Y Return (annualized)+3.70%+13.37%
Volatility (annualized)8.8%15.3%
Max Drawdown-20.7%-56.5%
Fund FamilyiShares by BlackRock (US)State Street Investment Management
CategoryAllocation/BalancedEquity
InceptionJun 12, 2020Jan 22, 1993

EAOM vs SPY Performance

iShares ESG Aware 40/60 Moderate Allocation ETF (EAOM) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EAOM returned +8.97% while SPY returned +23.66%. Year to date, EAOM is up 4.41% versus a gain of 13.79% for SPY.

Over three years, EAOM compounded at +9.54% per year against +21.40% for SPY; over five years the annualized figures are +3.70% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +8.85% annualized vs +5.54%. 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 8.8% for EAOM. 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 -20.7% for EAOM 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

EAOM 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, EAOM currently yields 2.78% against 1.01% for SPY.

Holdings Overlap

0.0%overlap

EAOM and SPY share 0 holdings out of 509 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, EAOM or SPY?

EAOM has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.

Which performed better, EAOM or SPY?

Over the past year EAOM returned +8.97% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), EAOM annualized +5.54% vs +8.85% for SPY. Past performance does not guarantee future results.

Which is riskier, EAOM or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 8.8% for EAOM. Worst drawdown: EAOM -20.7% vs SPY -56.5%.

Should I hold both EAOM and SPY?

EAOM and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between EAOM and SPY?

EAOM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.

Which pays a higher dividend, EAOM or SPY?

EAOM yields 2.78% while SPY yields 1.01%, so EAOM currently pays the higher dividend yield.

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