EQTY vs SPY
Kovitz Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EQTY or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.5%.
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 | EQTY | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $1.4B | $804.7B |
| Dividend Yield | 0.02% | 0.98% |
| Holdings | 43 | 505 |
| YTD Return | +8.61% | +13.82%Best |
| 1Y Return | +12.48% | +16.96%Best |
| 3Y Return (annualized) | +17.46% | +22.97%Best |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 13.0% | 12.5%Best |
| Max Drawdown | -17.3%Best | -18.8% |
| $10,000 over 3.8 years | $18,124 | $20,466Best |
| Top 10 Weight | 41.5% | 37.8%Best |
| Fund Family | Kovitz Investment Group | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 12, 2022 to Sep 21, 2026 (3.8 years).
EQTY 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 3.8 years both funds cover.
EQTY vs SPY Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EQTY returned +12.48% while SPY returned +16.96%. Year to date, EQTY is up 8.61% versus a gain of 13.82% for SPY.
Over three years, EQTY compounded at +17.46% per year against +22.97% for SPY. Across the full 4-year window we track, SPY has the edge at +20.74% annualized vs +16.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 12.5% 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 -17.3% for EQTY 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQTY charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 0.98% for SPY.
Holdings Overlap
85.2% of EQTY's money is in holdings SPY also owns. 31.4% of SPY's money is in holdings EQTY also owns.
Most of EQTY is already inside SPY. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 38 positions we hold weights for in EQTY and 504 in SPY, against full books of 43 and 505.
What only one of them owns
Our book lists 465 positions for SPY that do not appear in our book for EQTY (67.9% of the fund), and 6 for EQTY that do not appear in SPY (11.1%).
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.
Top Shared Holdings
| Stock | Weight in EQTY | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 4.92% | 5.66% | 0.74% |
| AAPLApple, Inc | 1.60% | 7.26% | 5.66% |
| AMZNAmazon.Com Inc | 3.20% | 3.79% | 0.59% |
| GOOGAlphabet Inc | 3.85% | 2.39% | 1.46% |
| VVisa Inc Class A | 4.64% | 0.94% | 3.70% |
| SCHWSchwab Strategic T | 5.01% | 0.27% | 4.74% |
| ICEInternational Exchange, Inc. | 4.35% | 0.14% | 4.21% |
| METAMeta Platforms Inc | 2.50% | 1.93% | 0.57% |
| PMPhilip Morris International Inc. | 3.91% | 0.44% | 3.47% |
| WATWaters Corp. | 4.01% | 0.06% | 3.95% |
85.2% of EQTY 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, EQTY or SPY?
EQTY has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, EQTY or SPY?
Over the past year EQTY returned +12.48% vs +16.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +16.94% vs +20.74% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or SPY?
EQTY has been the more volatile fund at 13.0% annualized versus 12.5% for SPY. Worst drawdown: EQTY -17.3% vs SPY -18.8%.
Should I hold both EQTY and SPY?
EQTY and SPY have a monthly-return correlation of 0.89, 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 EQTY and SPY?
85.2% of EQTY's money is in holdings SPY also owns. 31.4% of SPY's is in holdings EQTY also owns. They hold 32 positions in common, counted across the 38 positions we hold weights for in EQTY and 504 in SPY.
Which pays a higher dividend, EQTY or SPY?
EQTY yields 0.02% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than EQTY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.