EELV vs SPY
Invesco S&P Emerging Markets Low Volatility 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 | EELV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $425M | $821.1B | |
| Dividend Yield | 3.82% | 1.01% | |
| Holdings | 227 | 505 | |
| YTD Return | +6.44% | +13.17% | |
| 1Y Return | +12.78% | +21.53% | |
| 3Y Return (annualized) | +11.50% | +22.06% | |
| 5Y Return (annualized) | +7.64% | +13.35% | |
| Volatility (annualized) | 13.2% | 15.3% | |
| Max Drawdown | -47.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 13, 2012 | Jan 22, 1993 |
EELV vs SPY Performance
Invesco S&P Emerging Markets Low Volatility ETF (EELV) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EELV returned +12.78% while SPY returned +21.53%. Year to date, EELV is up 6.44% versus a gain of 13.17% for SPY.
Over three years, EELV compounded at +11.50% per year against +22.06% for SPY; over five years the annualized figures are +7.64% and +13.35% respectively. Across the full 15-year window we track, SPY has the edge at +8.82% annualized vs +2.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
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
EELV and SPY share 0 holdings out of 705 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, EELV or SPY?
EELV 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, EELV or SPY?
Over the past year EELV returned +12.78% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), EELV annualized +2.49% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, EELV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.2% for EELV. Worst drawdown: EELV -47.3% vs SPY -56.5%.
Should I hold both EELV and SPY?
EELV and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EELV and SPY?
EELV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 705 unique securities.
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.
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