EPMV vs SPY
Harbor Mid Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EPMV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EPMV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 1.23% | 1.01% | |
| Holdings | 61 | 505 | |
| YTD Return | +19.65% | +13.39% | |
| 1Y Return | +26.54% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 11.7% | 15.3% | |
| Max Drawdown | -8.8% | -56.5% | |
| Fund Family | Harbor Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 1, 2025 | Jan 22, 1993 |
EPMV vs SPY Performance
Harbor Mid Cap Value ETF (EPMV) is a ETF from Harbor Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EPMV returned +26.54% while SPY returned +22.52%. Year to date, EPMV is up 19.65% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.7% for EPMV. 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 -8.8% for EPMV 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EPMV charges 0.88% per year while SPY charges 0.09%. On a $10,000 position that is $88 vs $9 annually, a gap of $79 per year that compounds over a long holding period. On income, EPMV currently yields 1.23% against 1.01% for SPY.
Holdings Overlap
EPMV and SPY share 36 holdings out of 527 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EPMV or SPY?
EPMV has an expense ratio of 0.88% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, EPMV or SPY?
Over the past year EPMV returned +26.54% vs +22.52% for SPY, so EPMV leads on 1-year performance. Over the longest common window we track (1 years), EPMV annualized +28.54% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, EPMV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.7% for EPMV. Worst drawdown: EPMV -8.8% vs SPY -56.5%.
Should I hold both EPMV and SPY?
EPMV and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EPMV and SPY?
EPMV and SPY share 36 common holdings with a 3.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, EPMV or SPY?
EPMV yields 1.23% while SPY yields 1.01%, so EPMV currently pays the higher dividend yield.
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