EVMT vs SPY
EVMT vs SPY
Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EVMT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EVMT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $7M | $789.1B | |
| Dividend Yield | 11.54% | 1.01% | |
| Holdings | 15 | 505 | |
| YTD Return | +5.26% | +13.79% | |
| 1Y Return | +29.45% | +23.66% | |
| 3Y Return (annualized) | +2.25% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 19.9% | 15.3% | |
| Max Drawdown | -48.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Apr 27, 2022 | Jan 22, 1993 |
EVMT vs SPY Performance
Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EVMT returned +29.45% while SPY returned +23.66%. Year to date, EVMT is up 5.26% versus a gain of 13.79% for SPY.
Over three years, EVMT compounded at +2.25% per year against +21.40% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs -7.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVMT has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -48.3% for EVMT 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVMT charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, EVMT currently yields 11.54% against 1.01% for SPY.
Holdings Overlap
EVMT and SPY share 0 holdings out of 504 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, EVMT or SPY?
EVMT has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, EVMT or SPY?
Over the past year EVMT returned +29.45% vs +23.66% for SPY, so EVMT leads on 1-year performance. Over the longest common window we track (4 years), EVMT annualized -7.20% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EVMT or SPY?
EVMT has been the more volatile fund at 19.9% annualized versus 15.3% for SPY. Worst drawdown: EVMT -48.3% vs SPY -56.5%.
Should I hold both EVMT and SPY?
EVMT and SPY have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVMT and SPY?
EVMT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, EVMT or SPY?
EVMT yields 11.54% while SPY yields 1.01%, so EVMT currently pays the higher dividend yield.
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