EVUS vs SPY
ishares ESG Aware MSCI USA Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EVUS delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $381M | $821.1B | |
| Dividend Yield | 1.48% | 1.01% | |
| Holdings | 226 | 505 | |
| YTD Return | +16.21% | +13.21% | |
| 1Y Return | +21.44% | +19.87% | |
| 3Y Return (annualized) | +16.77% | +21.16% | |
| 5Y Return (annualized) | - | +12.74% | |
| Volatility (annualized) | 12.3% | 15.3% | |
| Max Drawdown | -15.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2023 | Jan 22, 1993 |
EVUS vs SPY Performance
ishares ESG Aware MSCI USA Value ETF (EVUS) 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 EVUS returned +21.44% while SPY returned +19.87%. Year to date, EVUS is up 16.21% versus a gain of 13.21% for SPY.
Over three years, EVUS compounded at +16.77% per year against +21.16% for SPY. Across the full 4-year window we track, EVUS has the edge at +13.39% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.3% for EVUS. 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 -15.7% for EVUS 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVUS charges 0.18% per year while SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, EVUS currently yields 1.48% against 1.01% for SPY.
Holdings Overlap
EVUS and SPY share 211 holdings out of 516 unique holdings combined, representing a 39.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVUS or SPY?
EVUS has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, EVUS or SPY?
Over the past year EVUS returned +21.44% vs +19.87% for SPY, so EVUS leads on 1-year performance. Over the longest common window we track (4 years), EVUS annualized +13.39% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, EVUS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 12.3% for EVUS. Worst drawdown: EVUS -15.7% vs SPY -56.5%.
Should I hold both EVUS and SPY?
EVUS and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVUS and SPY?
EVUS and SPY share 211 common holdings with a 39.1% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, EVUS or SPY?
EVUS yields 1.48% while SPY yields 1.01%, so EVUS currently pays the higher dividend yield.
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