EEMV vs SPY
iShares MSCI Emerging Markets Min Vol Factor 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 | EEMV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.09% | |
| AUM | $3.6B | $821.1B | |
| Dividend Yield | 2.28% | 1.01% | |
| Holdings | 326 | 505 | |
| YTD Return | +15.35% | +13.17% | |
| 1Y Return | +20.23% | +21.53% | |
| 3Y Return (annualized) | +14.41% | +22.06% | |
| 5Y Return (annualized) | +6.52% | +13.35% | |
| Volatility (annualized) | 12.5% | 15.3% | |
| Max Drawdown | -36.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 18, 2011 | Jan 22, 1993 |
EEMV vs SPY Performance
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) 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 EEMV returned +20.23% while SPY returned +21.53%. Year to date, EEMV is up 15.35% versus a gain of 13.17% for SPY.
Over three years, EEMV compounded at +14.41% per year against +22.06% for SPY; over five years the annualized figures are +6.52% and +13.35% respectively. Across the full 15-year window we track, SPY has the edge at +8.82% annualized vs +5.52%. 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 12.5% for EEMV. 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 -36.7% for EEMV 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EEMV charges 0.26% per year while SPY charges 0.09%. On a $10,000 position that is $26 vs $9 annually, a gap of $17 per year that compounds over a long holding period. On income, EEMV currently yields 2.28% against 1.01% for SPY.
Holdings Overlap
EEMV and SPY share 0 holdings out of 798 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, EEMV or SPY?
EEMV has an expense ratio of 0.26% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, EEMV or SPY?
Over the past year EEMV returned +20.23% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), EEMV annualized +5.52% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, EEMV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.5% for EEMV. Worst drawdown: EEMV -36.7% vs SPY -56.5%.
Should I hold both EEMV and SPY?
EEMV and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EEMV and SPY?
EEMV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 798 unique securities.
Which pays a higher dividend, EEMV or SPY?
EEMV yields 2.28% while SPY yields 1.01%, so EEMV currently pays the higher dividend yield.
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