ETHO vs SPY
Amplify Etho Climate Leadership US ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ETHO or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. ETHO led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ETHO is less concentrated, with 7.2% 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 | ETHO | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $196M | $814.4B |
| Dividend Yield | 0.70% | 1.01% |
| Holdings | 288 | 505 |
| YTD Return | +21.71%Best | +12.71% |
| 1Y Return | +27.84%Best | +19.36% |
| 3Y Return (annualized) | +16.60% | +21.09%Best |
| 5Y Return (annualized) | +6.31% | +12.69%Best |
| Volatility (annualized) | 17.6% | 15.1%Best |
| Max Drawdown | -36.7% | -34.1%Best |
| $10,000 over 5 years | $13,579 | $18,173Best |
| Top 10 Weight | 7.2%Best | 38.0% |
| Fund Family | Amplify ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Nov 18, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Nov 19, 2015 to Sep 8, 2026 (10.8 years).
ETHO 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 10.8 years both funds cover.
ETHO vs SPY Performance
Amplify Etho Climate Leadership US ETF (ETHO) is an ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ETHO returned +27.84% while SPY returned +19.36%. Year to date, ETHO is up 21.71% versus a gain of 12.71% for SPY.
Over three years, ETHO compounded at +16.60% per year against +21.09% for SPY; over five years the annualized figures are +6.31% and +12.69% respectively. Across the full 11-year window we track, SPY has the edge at +13.57% annualized vs +12.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETHO has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.1% 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 -36.7% for ETHO 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ETHO charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, ETHO currently yields 0.70% against 1.01% for SPY.
Holdings Overlap
24.4% of ETHO's money is in holdings SPY also owns. 32.0% of SPY's money is in holdings ETHO also owns.
The two portfolios partly overlap.
73 positions in common, counted across the 284 positions we hold weights for in ETHO and 503 in SPY, against full books of 288 and 505.
What only one of them owns
Our book lists 420 positions for SPY that do not appear in our book for ETHO (67.4% of the fund), and 208 for ETHO that do not appear in SPY (73.8%).
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 ETHO | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.36% | 7.71% | 7.35% |
| AAPLApple Inc Ord | 0.36% | 6.83% | 6.47% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.38% | 5.50% | 5.12% |
| GOOGL Alphabet Inc. Class A | 0.34% | 3.33% | 2.99% |
| V'visa Inc., Class 'a'' | 0.34% | 0.92% | 0.58% |
| MAMastercard Inc | 0.31% | 0.69% | 0.38% |
| TXNTexas Instruments, Inc | 0.41% | 0.39% | 0.02% |
| KLACKla Corp. | 0.38% | 0.38% | 0.00% |
| ANETArista Networks Inc. | 0.44% | 0.30% | 0.14% |
| DDOGDatadog Inc. Class A | 0.56% | 0.14% | 0.42% |
32.0% of SPY is already inside ETHO.
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, ETHO or SPY?
ETHO has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, ETHO or SPY?
Over the past year ETHO returned +27.84% vs +19.36% for SPY, so ETHO leads on 1-year performance. Over the longest common window we track (11 years), ETHO annualized +12.36% vs +13.57% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETHO or SPY?
ETHO has been the more volatile fund at 17.6% annualized versus 15.1% for SPY. Worst drawdown: ETHO -36.7% vs SPY -34.1%.
Should I hold both ETHO and SPY?
ETHO and SPY have a monthly-return correlation of 0.93, 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 ETHO and SPY?
32.0% of SPY's money is in holdings ETHO also owns. 32.0% of SPY's is in holdings ETHO also owns. They hold 73 positions in common, counted across the 284 positions we hold weights for in ETHO and 503 in SPY.
Which pays a higher dividend, ETHO or SPY?
ETHO yields 0.70% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than ETHO?
SPY has a lower expense ratio. ETHO led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ETHO is less concentrated, with 7.2% 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.