EMO vs SPY
ClearBridge Energy Midstream Opportunity Fund Inc. vs State Street SPDR S&P 500 ETF Trust
Which is better, EMO or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. EMO led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 73.1%.
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 | EMO | SPY |
|---|---|---|
| Expense Ratio | 3.37% | 0.09%Best |
| AUM | $1.2B | $814.4B |
| Dividend Yield | 7.36% | 1.01% |
| Holdings | 20 | 505 |
| YTD Return | +27.61%Best | +13.34% |
| 1Y Return | +24.26%Best | +19.97% |
| 3Y Return (annualized) | +29.64%Best | +21.20% |
| 5Y Return (annualized) | +30.09%Best | +12.81% |
| Volatility (annualized) | 41.7% | 14.3%Best |
| Max Drawdown | -97.2% | -34.1%Best |
| $10,000 over 5 years | $37,258Best | $18,270 |
| Top 10 Weight | 73.1% | 38.0%Best |
| Fund Family | Franklin Templeton Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 13, 2011 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 10, 2011 to Sep 4, 2026 (15.2 years).
EMO 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 15.2 years both funds cover.
EMO vs SPY Performance
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) is an ETF from Franklin Templeton Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EMO returned +24.26% while SPY returned +19.97%. Year to date, EMO is up 27.61% versus a gain of 13.34% for SPY.
Over three years, EMO compounded at +29.64% per year against +21.20% for SPY; over five years the annualized figures are +30.09% and +12.81% respectively. Across the full 15-year window we track, SPY has the edge at +13.07% annualized vs -1.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMO has been the more volatile fund, with annualized monthly volatility of 41.7% compared with 14.3% 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 -97.2% for EMO 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 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EMO charges 3.37% per year while SPY charges 0.09%. On a $10,000 position that is $337 vs $9 annually, a gap of $328 per year that compounds over a long holding period. On income, EMO currently yields 7.36% against 1.01% for SPY.
Holdings Overlap
32.7% of EMO's money is in holdings SPY also owns. 0.4% of SPY's money is in holdings EMO also owns.
The two portfolios partly overlap.
4 positions in common, counted across the 22 positions we hold weights for in EMO and 504 in SPY, against full books of 20 and 505.
What only one of them owns
Our book lists 492 positions for SPY that do not appear in our book for EMO (99.1% of the fund), and 16 for EMO that do not appear in SPY (59.1%).
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.
32.7% of EMO 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, EMO or SPY?
EMO has an expense ratio of 3.37% while SPY charges 0.09%. SPY is the cheaper option, by $328 a year on a $10,000 investment.
Which performed better, EMO or SPY?
Over the past year EMO returned +24.26% vs +19.97% for SPY, so EMO leads on 1-year performance. Over the longest common window we track (15 years), EMO annualized -1.09% vs +13.07% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMO or SPY?
EMO has been the more volatile fund at 41.7% annualized versus 14.3% for SPY. Worst drawdown: EMO -97.2% vs SPY -34.1%.
Should I hold both EMO and SPY?
EMO and SPY have a monthly-return correlation of 0.61, 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 EMO and SPY?
32.7% of EMO's money is in holdings SPY also owns. 0.4% of SPY's is in holdings EMO also owns. They hold 4 positions in common, counted across the 22 positions we hold weights for in EMO and 504 in SPY.
Which pays a higher dividend, EMO or SPY?
EMO yields 7.36% while SPY yields 1.01%, so EMO currently pays the higher dividend yield.
Is SPY better than EMO?
SPY has a lower expense ratio. EMO led over 1Y, 3Y and 5Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 73.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.