EELV vs SPY
Invesco S&P Emerging Markets Low Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EELV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. EELV is less concentrated, with 8.3% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EELV | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $431M | $814.4B |
| Dividend Yield | 3.82% | 1.01% |
| Holdings | 227 | 505 |
| YTD Return | +8.75% | +12.71%Best |
| 1Y Return | +15.56% | +19.36%Best |
| 3Y Return (annualized) | +12.16% | +21.09%Best |
| 5Y Return (annualized) | +7.34% | +12.69%Best |
| Volatility (annualized) | 13.2%Best | 14.0% |
| Max Drawdown | -47.3% | -34.1%Best |
| $10,000 over 5 years | $14,250 | $18,173Best |
| Top 10 Weight | 8.3%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 13, 2012 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 13, 2012 to Sep 8, 2026 (14.7 years).
EELV vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.7 years both funds cover.
EELV vs SPY Performance
Invesco S&P Emerging Markets Low Volatility ETF (EELV) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EELV returned +15.56% while SPY returned +19.36%. Year to date, EELV is up 8.75% versus a gain of 12.71% for SPY.
Over three years, EELV compounded at +12.16% per year against +21.09% for SPY; over five years the annualized figures are +7.34% and +12.69% respectively. Across the full 15-year window we track, SPY has the edge at +13.51% annualized vs +2.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.2% for EELV. 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 -47.3% for EELV and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EELV 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, EELV currently yields 3.82% against 1.01% for SPY.
Holdings Overlap
0.6% of EELV's money is in holdings SPY also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 201 positions we hold weights for in EELV and 503 in SPY, against full books of 227 and 505.
What only one of them owns
Our book lists 492 positions for SPY that do not appear in our book for EELV (99.4% of the fund), and 3 for EELV that do not appear in SPY (1.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EELV | Weight in SPY | Difference |
|---|---|---|---|
| LHLaboratory Corporation of America Holdings | 0.59% | 0.04% | 0.55% |
You are not choosing between two funds in isolation.
Whichever of EELV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EELV or SPY?
EELV has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, EELV or SPY?
Over the past year EELV returned +15.56% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), EELV annualized +2.63% vs +13.51% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EELV or SPY?
SPY has been the more volatile fund at 14.0% annualized versus 13.2% for EELV. Worst drawdown: EELV -47.3% vs SPY -34.1%.
Should I hold both EELV and SPY?
EELV and SPY have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EELV or SPY?
EELV yields 3.82% while SPY yields 1.01%, so EELV currently pays the higher dividend yield.
Is SPY better than EELV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. EELV is less concentrated, with 8.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.