EAOR vs SPY
EAOR vs SPY
iShares ESG Aware 60/40 Balanced Allocation ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EAOR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $32M | $789.1B | |
| Dividend Yield | 2.33% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | +7.57% | +13.79% | |
| 1Y Return | +13.95% | +23.66% | |
| 3Y Return (annualized) | +12.85% | +21.40% | |
| 5Y Return (annualized) | +5.98% | +13.37% | |
| Volatility (annualized) | 10.8% | 15.3% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 12, 2020 | Jan 22, 1993 |
EAOR vs SPY Performance
iShares ESG Aware 60/40 Balanced Allocation ETF (EAOR) 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 EAOR returned +13.95% while SPY returned +23.66%. Year to date, EAOR is up 7.57% versus a gain of 13.79% for SPY.
Over three years, EAOR compounded at +12.85% per year against +21.40% for SPY; over five years the annualized figures are +5.98% and +13.37% respectively. Across the full 6-year window we track, SPY has the edge at +8.85% annualized vs +8.68%. 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 10.8% for EAOR. 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 -22.9% for EAOR 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EAOR 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, EAOR currently yields 2.33% against 1.01% for SPY.
Holdings Overlap
EAOR 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, EAOR or SPY?
EAOR 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, EAOR or SPY?
Over the past year EAOR returned +13.95% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), EAOR annualized +8.68% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EAOR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.8% for EAOR. Worst drawdown: EAOR -22.9% vs SPY -56.5%.
Should I hold both EAOR and SPY?
EAOR and SPY have a monthly-return correlation of 0.95, 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 EAOR and SPY?
EAOR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, EAOR or SPY?
EAOR yields 2.33% while SPY yields 1.01%, so EAOR currently pays the higher dividend yield.
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