EVX vs SPY
VanEck Environmental Services ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EVX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.09% | |
| AUM | $99M | $821.1B | |
| Dividend Yield | 0.18% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | +7.01% | +12.93% | |
| 1Y Return | +5.30% | +20.62% | |
| 3Y Return (annualized) | +10.06% | +22.00% | |
| 5Y Return (annualized) | +7.85% | +13.33% | |
| Volatility (annualized) | 18.5% | 15.3% | |
| Max Drawdown | -55.9% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 10, 2006 | Jan 22, 1993 |
EVX vs SPY Performance
VanEck Environmental Services ETF (EVX) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EVX returned +5.30% while SPY returned +20.62%. Year to date, EVX is up 7.01% versus a gain of 12.93% for SPY.
Over three years, EVX compounded at +10.06% per year against +22.00% for SPY; over five years the annualized figures are +7.85% and +13.33% respectively. Across the full 20-year window we track, EVX has the edge at +9.28% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVX has been the more volatile fund, with annualized monthly volatility of 18.5% 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 -55.9% for EVX 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
EVX charges 0.55% per year while SPY charges 0.09%. On a $10,000 position that is $55 vs $9 annually, a gap of $46 per year that compounds over a long holding period. On income, EVX currently yields 0.18% against 1.01% for SPY.
Holdings Overlap
EVX and SPY share 5 holdings out of 526 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVX or SPY?
EVX has an expense ratio of 0.55% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, EVX or SPY?
Over the past year EVX returned +5.30% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), EVX annualized +9.28% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, EVX or SPY?
EVX has been the more volatile fund at 18.5% annualized versus 15.3% for SPY. Worst drawdown: EVX -55.9% vs SPY -56.5%.
Should I hold both EVX and SPY?
EVX 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 EVX and SPY?
EVX and SPY share 5 common holdings with a 0.4% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, EVX or SPY?
EVX yields 0.18% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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