EIC vs SPY
Eagle Point Income Co Inc vs State Street SPDR S&P 500 ETF Trust
Which is better, EIC or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | EIC | SPY |
|---|---|---|
| Expense Ratio | 7.19% | 0.09%Best |
| AUM | $23M | $804.7B |
| Dividend Yield | 11.22% | 0.98% |
| Holdings | 150 | 505 |
| YTD Return | -6.59% | +12.22%Best |
| 1Y Return | -16.04% | +16.97%Best |
| 3Y Return (annualized) | +1.09% | +21.16%Best |
| 5Y Return (annualized) | +1.80% | +13.00%Best |
| Volatility (annualized) | 24.2% | 16.5%Best |
| Max Drawdown | -68.9% | -34.1%Best |
| $10,000 over 5 years | $10,933 | $18,424Best |
| Fund Family | Eagle Point Credit Company | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Jul 23, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 24, 2019 to Sep 17, 2026 (7.2 years).
EIC 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 7.2 years both funds cover.
EIC vs SPY Performance
Eagle Point Income Co Inc (EIC) is an ETF from Eagle Point Credit Company and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EIC returned -16.04% while SPY returned +16.97%. Year to date, EIC is down 6.59% versus a gain of 12.22% for SPY.
Over three years, EIC compounded at +1.09% per year against +21.16% for SPY; over five years the annualized figures are +1.80% and +13.00% respectively. Across the full 7-year window we track, SPY has the edge at +15.05% annualized vs -0.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EIC has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 16.5% 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 -68.9% for EIC 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 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EIC charges 7.19% per year while SPY charges 0.09%. On a $10,000 position that is $719 vs $9 annually, a gap of $710 per year that compounds over a long holding period. On income, EIC currently yields 11.22% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of EIC 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, EIC or SPY?
EIC has an expense ratio of 7.19% while SPY charges 0.09%. SPY is the cheaper option, by $710 a year on a $10,000 investment.
Which performed better, EIC or SPY?
Over the past year EIC returned -16.04% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), EIC annualized -0.11% vs +15.05% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EIC or SPY?
EIC has been the more volatile fund at 24.2% annualized versus 16.5% for SPY. Worst drawdown: EIC -68.9% vs SPY -34.1%.
Should I hold both EIC and SPY?
EIC and SPY have a monthly-return correlation of 0.35, 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, EIC or SPY?
EIC yields 11.22% while SPY yields 0.98%, so EIC currently pays the higher dividend yield.
Is SPY better than EIC?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.