EDEN vs SPY
iShares MSCI Denmark 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 | EDEN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.09% | |
| AUM | $201M | $789.1B | |
| Dividend Yield | 3.12% | 1.01% | |
| Holdings | 46 | 505 | |
| YTD Return | -0.17% | +14.47% | |
| 1Y Return | +8.61% | +21.96% | |
| 3Y Return (annualized) | +4.28% | +21.70% | |
| 5Y Return (annualized) | +1.54% | +13.30% | |
| Volatility (annualized) | 629.5% | 15.3% | |
| Max Drawdown | -36.6% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 25, 2012 | Jan 22, 1993 |
EDEN vs SPY Performance
iShares MSCI Denmark ETF (EDEN) 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 EDEN returned +8.61% while SPY returned +21.96%. Year to date, EDEN is down 0.17% versus a gain of 14.47% for SPY.
Over three years, EDEN compounded at +4.28% per year against +21.70% for SPY; over five years the annualized figures are +1.54% and +13.30% respectively. Across the full 18-year window we track, EDEN has the edge at +33.99% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDEN has been the more volatile fund, with annualized monthly volatility of 629.5% 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 -36.6% for EDEN 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 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDEN charges 0.53% per year while SPY charges 0.09%. On a $10,000 position that is $53 vs $9 annually, a gap of $44 per year that compounds over a long holding period. On income, EDEN currently yields 3.12% against 1.01% for SPY.
Holdings Overlap
EDEN and SPY share 0 holdings out of 544 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, EDEN or SPY?
EDEN has an expense ratio of 0.53% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, EDEN or SPY?
Over the past year EDEN returned +8.61% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (18 years), EDEN annualized +33.99% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, EDEN or SPY?
EDEN has been the more volatile fund at 629.5% annualized versus 15.3% for SPY. Worst drawdown: EDEN -36.6% vs SPY -56.5%.
Should I hold both EDEN and SPY?
EDEN and SPY have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDEN and SPY?
EDEN and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, EDEN or SPY?
EDEN yields 3.12% while SPY yields 1.01%, so EDEN currently pays the higher dividend yield.
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