EVLU vs SPY
EVLU vs SPY
iShares MSCI Emerging Markets Value Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EVLU delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EVLU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $14M | $789.1B | |
| Dividend Yield | 3.81% | 1.01% | |
| Holdings | 278 | 505 | |
| YTD Return | +25.61% | +13.79% | |
| 1Y Return | +51.60% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 18.9% | 15.3% | |
| Max Drawdown | -17.2% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 4, 2024 | Jan 22, 1993 |
EVLU vs SPY Performance
iShares MSCI Emerging Markets Value Factor ETF (EVLU) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EVLU returned +51.60% while SPY returned +23.66%. Year to date, EVLU is up 25.61% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
EVLU has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.3% 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 -17.2% for EVLU 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVLU charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, EVLU currently yields 3.81% against 1.01% for SPY.
Holdings Overlap
EVLU and SPY share 0 holdings out of 755 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVLU or SPY?
EVLU has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, EVLU or SPY?
Over the past year EVLU returned +51.60% vs +23.66% for SPY, so EVLU leads on 1-year performance. Over the longest common window we track (2 years), EVLU annualized +36.24% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EVLU or SPY?
EVLU has been the more volatile fund at 18.9% annualized versus 15.3% for SPY. Worst drawdown: EVLU -17.2% vs SPY -56.5%.
Should I hold both EVLU and SPY?
EVLU and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVLU and SPY?
EVLU and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 755 unique securities.
Which pays a higher dividend, EVLU or SPY?
EVLU yields 3.81% while SPY yields 1.01%, so EVLU currently pays the higher dividend yield.
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