ESUM vs SPY
Eventide US Market ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ESUM or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. ESUM is less concentrated, with 23.2% of the fund in its ten largest positions against 38.2%.
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 | ESUM | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $196M | $811.2B |
| Dividend Yield | 0.94% | 0.98% |
| Holdings | 609 | 1,515 |
| YTD Return | +13.85%Best | +13.54% |
| 1Y Return | +13.18% | +16.25%Best |
| 3Y Return (annualized) | - | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 11.5%Best | 12.3% |
| Max Drawdown | -17.7%Best | -18.8% |
| $10,000 over 1.8 years | $12,818 | $13,458Best |
| Top 10 Weight | 23.2%Best | 38.2% |
| Fund Family | Eventide | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 17, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 2, 2026 (1.8 years).
ESUM 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 1.8 years both funds cover.
ESUM vs SPY Performance
Eventide US Market ETF (ESUM) is an ETF from Eventide and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ESUM returned +13.18% while SPY returned +16.25%. Year to date, ESUM is up 13.85% versus a gain of 13.54% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 11.5% for ESUM. 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 -17.7% for ESUM 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ESUM charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, ESUM currently yields 0.94% against 0.98% for SPY.
Holdings Overlap
84.3% of ESUM's money is in holdings SPY also owns. 31.4% of SPY's money is in holdings ESUM also owns.
Most of ESUM is already inside SPY. Owning both mostly buys the same companies twice.
137 positions in common, counted across the 203 positions we hold weights for in ESUM and 504 in SPY, against full books of 609 and 1,515.
What only one of them owns
Our book lists 361 positions for SPY that do not appear in our book for ESUM (67.8% of the fund), and 53 for ESUM that do not appear in SPY (12.0%).
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 ESUM | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.67% | 7.78% | 0.11% |
| AVGOBroadcom Inc | 2.63% | 2.48% | 0.15% |
| MUMicron Technology, Inc. | 2.02% | 1.59% | 0.43% |
| XOMExxon Mobil Corp. | 2.06% | 1.04% | 1.02% |
| AMDAdvanced Micro Devices Inc | 1.76% | 1.22% | 0.54% |
| LLYEli Lilly & Co. | 1.54% | 1.37% | 0.17% |
| HDHome Depot Inc/The | 1.34% | 0.47% | 0.87% |
| ADPAutomatic Data Processing, Inc. | 1.59% | 0.17% | 1.42% |
| LRCXLrcx Uw Equity | 1.17% | 0.52% | 0.65% |
| UNPUnion Pacific Corp | 1.35% | 0.26% | 1.09% |
84.3% of ESUM 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, ESUM or SPY?
ESUM has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, ESUM or SPY?
Over the past year ESUM returned +13.18% vs +16.25% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), ESUM annualized +14.79% vs +17.94% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ESUM or SPY?
SPY has been the more volatile fund at 12.3% annualized versus 11.5% for ESUM. Worst drawdown: ESUM -17.7% vs SPY -18.8%.
Should I hold both ESUM and SPY?
ESUM and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ESUM and SPY?
84.3% of ESUM's money is in holdings SPY also owns. 31.4% of SPY's is in holdings ESUM also owns. They hold 137 positions in common, counted across the 203 positions we hold weights for in ESUM and 504 in SPY.
Which pays a higher dividend, ESUM or SPY?
ESUM yields 0.94% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than ESUM?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. ESUM is less concentrated, with 23.2% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.