EDIV vs SPY
State Street SPDR S&P Emerging Markets Dividend 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 505 holdings.
Side-by-Side Comparison
| Metric | EDIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $1.2B | $821.1B | |
| Dividend Yield | 4.19% | 1.01% | |
| Holdings | 139 | 505 | |
| YTD Return | +8.51% | +12.93% | |
| 1Y Return | +11.56% | +20.62% | |
| 3Y Return (annualized) | +16.98% | +22.00% | |
| 5Y Return (annualized) | +11.83% | +13.33% | |
| Volatility (annualized) | 17.1% | 15.3% | |
| Max Drawdown | -64.1% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2011 | Jan 22, 1993 |
EDIV vs SPY Performance
State Street SPDR S&P Emerging Markets Dividend ETF (EDIV) is a ETF from SPDR State Street Global Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EDIV returned +11.56% while SPY returned +20.62%. Year to date, EDIV is up 8.51% versus a gain of 12.93% for SPY.
Over three years, EDIV compounded at +16.98% per year against +22.00% for SPY; over five years the annualized figures are +11.83% and +13.33% respectively. Across the full 16-year window we track, SPY has the edge at +8.82% annualized vs +0.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDIV has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -64.1% for EDIV 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDIV charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, EDIV currently yields 4.19% against 1.01% for SPY.
Holdings Overlap
EDIV and SPY share 1 holdings out of 607 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EDIV | Weight in SPY | Difference |
|---|---|---|---|
| TEL | 0.25% | 0.10% | 0.15% |
Frequently Asked Questions
Which is cheaper, EDIV or SPY?
EDIV has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, EDIV or SPY?
Over the past year EDIV returned +11.56% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (16 years), EDIV annualized +0.31% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, EDIV or SPY?
EDIV has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: EDIV -64.1% vs SPY -56.5%.
Should I hold both EDIV and SPY?
EDIV and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDIV and SPY?
EDIV and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 607 unique securities.
Which pays a higher dividend, EDIV or SPY?
EDIV yields 4.19% while SPY yields 1.01%, so EDIV currently pays the higher dividend yield.
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