EFIV vs SPY
EFIV vs SPY
State Street SPDR S&P 500 ESG ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EFIV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EFIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.09% | |
| AUM | $979M | $789.1B | |
| Dividend Yield | 0.96% | 1.01% | |
| Holdings | 333 | 505 | |
| YTD Return | +14.19% | +13.79% | |
| 1Y Return | +26.81% | +23.66% | |
| 3Y Return (annualized) | +21.53% | +21.40% | |
| 5Y Return (annualized) | +14.27% | +13.37% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -24.5% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 27, 2020 | Jan 22, 1993 |
EFIV vs SPY Performance
State Street SPDR S&P 500 ESG ETF (EFIV) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EFIV returned +26.81% while SPY returned +23.66%. Year to date, EFIV is up 14.19% versus a gain of 13.79% for SPY.
Over three years, EFIV compounded at +21.53% per year against +21.40% for SPY; over five years the annualized figures are +14.27% and +13.37% respectively. Across the full 6-year window we track, EFIV has the edge at +17.91% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFIV has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.5% for EFIV 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EFIV charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, EFIV currently yields 0.96% against 1.01% for SPY.
Holdings Overlap
EFIV and SPY share 327 holdings out of 506 unique holdings combined, representing a 61.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in EFIV | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 11.92% | 7.31% | 4.61% |
| MSFT | 7.23% | 4.43% | 2.80% |
| GOOGL | 5.41% | 3.32% | 2.09% |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
See all 10 holdings EFIV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, EFIV or SPY?
EFIV has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, EFIV or SPY?
Over the past year EFIV returned +26.81% vs +23.66% for SPY, so EFIV leads on 1-year performance. Over the longest common window we track (6 years), EFIV annualized +17.91% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EFIV or SPY?
EFIV has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: EFIV -24.5% vs SPY -56.5%.
Should I hold both EFIV and SPY?
EFIV and SPY have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EFIV and SPY?
EFIV and SPY share 327 common holdings with a 61.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, EFIV or SPY?
EFIV yields 0.96% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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