ERET vs SPY
iShares Environmentally Aware Real Estate ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ERET or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. ERET is less concentrated, with 35.7% of the fund in its ten largest positions against 38.0%.
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 | ERET | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $14M | $804.7B |
| Dividend Yield | 3.36% | 0.98% |
| Holdings | 355 | 505 |
| YTD Return | +5.98% | +11.52%Best |
| 1Y Return | +6.46% | +17.48%Best |
| 3Y Return (annualized) | +8.70% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 16.0% | 13.0%Best |
| Max Drawdown | -20.3% | -18.8%Best |
| $10,000 over 3.8 years | $12,831 | $20,063Best |
| Top 10 Weight | 35.7%Best | 38.0% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 15, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 18, 2022 to Sep 10, 2026 (3.8 years).
ERET 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.
ERET vs SPY Performance
iShares Environmentally Aware Real Estate ETF (ERET) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ERET returned +6.46% while SPY returned +17.48%. Year to date, ERET is up 5.98% versus a gain of 11.52% for SPY.
Over three years, ERET compounded at +8.70% per year against +20.62% for SPY. Across the full 4-year window we track, SPY has the edge at +20.11% annualized vs +6.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ERET has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 13.0% 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 -20.3% for ERET 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ERET charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, ERET currently yields 3.36% against 0.98% for SPY.
Holdings Overlap
43.8% of ERET's money is in holdings SPY also owns. 1.5% of SPY's money is in holdings ERET also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 331 positions we hold weights for in ERET and 504 in SPY, against full books of 355 and 505.
What only one of them owns
Our book lists 470 positions for SPY that do not appear in our book for ERET (98.1% of the fund), and 68 for ERET that do not appear in SPY (16.4%).
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 ERET | Weight in SPY | Difference |
|---|---|---|---|
| WELLWelltower Inc | 6.93% | 0.25% | 6.68% |
| PLDPrologis Inc | 5.67% | 0.19% | 5.48% |
| ORealty Income Corp. | 4.90% | 0.09% | 4.81% |
| EQIXEquinix, Inc. | 4.18% | 0.16% | 4.02% |
| PSAPublic Storage | 2.72% | 0.08% | 2.64% |
| DLRDigital Realty Trust Inc. | 2.33% | 0.10% | 2.23% |
| VTRVentas, Inc. | 1.81% | 0.07% | 1.74% |
| EXRExtra Space Storage Inc. | 1.57% | 0.05% | 1.52% |
| AVBAvalonbay Communities Inc. | 1.43% | 0.04% | 1.39% |
| EQREquity Residential | 1.38% | 0.03% | 1.35% |
43.8% of ERET 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, ERET or SPY?
ERET has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ERET or SPY?
Over the past year ERET returned +6.46% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), ERET annualized +6.78% vs +20.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ERET or SPY?
ERET has been the more volatile fund at 16.0% annualized versus 13.0% for SPY. Worst drawdown: ERET -20.3% vs SPY -18.8%.
Should I hold both ERET and SPY?
ERET and SPY have a monthly-return correlation of 0.65, 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 ERET and SPY?
43.8% of ERET's money is in holdings SPY also owns. 1.5% of SPY's is in holdings ERET also owns. They hold 25 positions in common, counted across the 331 positions we hold weights for in ERET and 504 in SPY.
Which pays a higher dividend, ERET or SPY?
ERET yields 3.36% while SPY yields 0.98%, so ERET currently pays the higher dividend yield.
Is SPY better than ERET?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. ERET is less concentrated, with 35.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.