EBIT vs SPY
Harbor AlphaEdge Small Cap Earners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EBIT delivered stronger 1-year returns. EBIT offers more diversification with 642 holdings.
Side-by-Side Comparison
| Metric | EBIT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $12M | $821.1B | |
| Dividend Yield | 1.68% | 1.01% | |
| Holdings | 642 | 505 | |
| YTD Return | +20.91% | +14.24% | |
| 1Y Return | +25.61% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | Harbor Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2024 | Jan 22, 1993 |
EBIT vs SPY Performance
Harbor AlphaEdge Small Cap Earners ETF (EBIT) is a ETF from Harbor Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EBIT returned +25.61% while SPY returned +21.71%. Year to date, EBIT is up 20.91% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
EBIT has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.3% for SPY. 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 -26.6% for EBIT 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EBIT charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, EBIT currently yields 1.68% against 1.01% for SPY.
Holdings Overlap
EBIT and SPY share 0 holdings out of 1145 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, EBIT or SPY?
EBIT has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, EBIT or SPY?
Over the past year EBIT returned +25.61% vs +21.71% for SPY, so EBIT leads on 1-year performance. Over the longest common window we track (2 years), EBIT annualized +17.64% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, EBIT or SPY?
EBIT has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: EBIT -26.6% vs SPY -56.5%.
Should I hold both EBIT and SPY?
EBIT and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EBIT and SPY?
EBIT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1145 unique securities.
Which pays a higher dividend, EBIT or SPY?
EBIT yields 1.68% while SPY yields 1.01%, so EBIT currently pays the higher dividend yield.
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