ECML vs SPY
Euclidean Fundamental Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ECML delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ECML | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $130M | $789.1B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 64 | 505 | |
| YTD Return | +21.17% | +13.79% | |
| 1Y Return | +33.32% | +23.66% | |
| 3Y Return (annualized) | +12.88% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 18.7% | 15.3% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | Euclidean Technologies | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 18, 2023 | Jan 22, 1993 |
ECML vs SPY Performance
Euclidean Fundamental Value ETF (ECML) is a ETF from Euclidean Technologies and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ECML returned +33.32% while SPY returned +23.66%. Year to date, ECML is up 21.17% versus a gain of 13.79% for SPY.
Over three years, ECML compounded at +12.88% per year against +21.40% for SPY. Across the full 3-year window we track, ECML has the edge at +16.88% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ECML has been the more volatile fund, with annualized monthly volatility of 18.7% 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 -25.4% for ECML 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ECML charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, ECML currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
ECML and SPY share 19 holdings out of 547 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ECML or SPY?
ECML has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, ECML or SPY?
Over the past year ECML returned +33.32% vs +23.66% for SPY, so ECML leads on 1-year performance. Over the longest common window we track (3 years), ECML annualized +16.88% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ECML or SPY?
ECML has been the more volatile fund at 18.7% annualized versus 15.3% for SPY. Worst drawdown: ECML -25.4% vs SPY -56.5%.
Should I hold both ECML and SPY?
ECML and SPY have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ECML and SPY?
ECML and SPY share 19 common holdings with a 1.6% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, ECML or SPY?
ECML yields 1.19% while SPY yields 1.01%, so ECML currently pays the higher dividend yield.
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