ELCV vs SPY
Eventide High Dividend ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ELCV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ELCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $262M | $821.1B | |
| Dividend Yield | 2.15% | 1.01% | |
| Holdings | 47 | 505 | |
| YTD Return | +19.72% | +12.22% | |
| 1Y Return | +25.23% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 13.8% | 15.3% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | Eventide | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Jan 22, 1993 |
ELCV vs SPY Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ELCV returned +25.23% while SPY returned +20.83%. Year to date, ELCV is up 19.72% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.8% for ELCV. 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 -18.4% for ELCV 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 1.01% for SPY.
Holdings Overlap
ELCV and SPY share 40 holdings out of 510 unique holdings combined, representing a 11.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or SPY?
ELCV has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, ELCV or SPY?
Over the past year ELCV returned +25.23% vs +20.83% for SPY, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.47% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, ELCV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.8% for ELCV. Worst drawdown: ELCV -18.4% vs SPY -56.5%.
Should I hold both ELCV and SPY?
ELCV and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and SPY?
ELCV and SPY share 40 common holdings with a 11.9% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, ELCV or SPY?
ELCV yields 2.15% while SPY yields 1.01%, so ELCV currently pays the higher dividend yield.
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