EIPI vs SPY
FT Energy Income Partners Enhanced Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EIPI or SPY?
Each has led over a different period.
SPY has a lower expense ratio. EIPI led over 1Y, SPY over the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.4%.
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 | EIPI | SPY |
|---|---|---|
| Expense Ratio | 1.11% | 0.09%Best |
| AUM | $1.1B | $804.7B |
| Dividend Yield | 7.15% | 0.98% |
| Holdings | 112 | 505 |
| YTD Return | +16.68%Best | +12.22% |
| 1Y Return | +21.61%Best | +16.97% |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 10.9%Best | 11.8% |
| Max Drawdown | -12.3%Best | -18.8% |
| $10,000 over 2.4 years | $14,711 | $15,252Best |
| Top 10 Weight | 40.4% | 37.8%Best |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 27, 2011 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 6, 2024 to Sep 17, 2026 (2.4 years).
EIPI 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 2.4 years both funds cover.
EIPI vs SPY Performance
FT Energy Income Partners Enhanced Income ETF (EIPI) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EIPI returned +21.61% while SPY returned +16.97%. Year to date, EIPI is up 16.68% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 10.9% for EIPI. 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 -12.3% for EIPI and -18.8% 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 0.17. They move largely independently of each other.
Fees and Cost Over Time
EIPI charges 1.11% per year while SPY charges 0.09%. On a $10,000 position that is $111 vs $9 annually, a gap of $102 per year that compounds over a long holding period. On income, EIPI currently yields 7.15% against 0.98% for SPY.
Holdings Overlap
43.4% of EIPI's money is in holdings SPY also owns. 3.8% of SPY's money is in holdings EIPI also owns.
The two portfolios partly overlap.
36 positions in common, counted across the 75 positions we hold weights for in EIPI and 504 in SPY, against full books of 112 and 505.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for EIPI (95.6% of the fund), and 32 for EIPI that do not appear in SPY (48.6%).
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 EIPI | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 3.39% | 1.04% | 2.35% |
| KMIKinder Morgan Inc./de | 3.87% | 0.10% | 3.77% |
| OKEOneok, Inc. | 3.15% | 0.09% | 3.06% |
| DUKDuke Energy Corp | 2.29% | 0.14% | 2.15% |
| EOGEog Resources Inc | 2.18% | 0.12% | 2.06% |
| WMBWilliams Cos. Inc. | 1.99% | 0.14% | 1.85% |
| SOSouthern Co. | 1.80% | 0.15% | 1.65% |
| PEGPublic Svc Ent Group | 1.73% | 0.06% | 1.67% |
| ETREntergy Corp. | 1.70% | 0.07% | 1.63% |
| TRGPTarga Resources Corp Preferred | 1.54% | 0.10% | 1.44% |
43.4% of EIPI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EIPI or SPY?
EIPI has an expense ratio of 1.11% while SPY charges 0.09%. SPY is the cheaper option, by $102 a year on a $10,000 investment.
Which performed better, EIPI or SPY?
Over the past year EIPI returned +21.61% vs +16.97% for SPY, so EIPI leads on 1-year performance. Over the longest common window we track (2 years), EIPI annualized +17.45% vs +19.23% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EIPI or SPY?
SPY has been the more volatile fund at 11.8% annualized versus 10.9% for EIPI. Worst drawdown: EIPI -12.3% vs SPY -18.8%.
Should I hold both EIPI and SPY?
EIPI and SPY have a monthly-return correlation of 0.17, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EIPI and SPY?
43.4% of EIPI's money is in holdings SPY also owns. 3.8% of SPY's is in holdings EIPI also owns. They hold 36 positions in common, counted across the 75 positions we hold weights for in EIPI and 504 in SPY.
Which pays a higher dividend, EIPI or SPY?
EIPI yields 7.15% while SPY yields 0.98%, so EIPI currently pays the higher dividend yield.
Is SPY better than EIPI?
SPY has a lower expense ratio. EIPI led over 1Y, SPY over the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 40.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.