EYEG vs SPY
AB Corporate Bond 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 | EYEG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $26M | $821.1B | |
| Dividend Yield | 5.02% | 1.01% | |
| Holdings | 317 | 505 | |
| YTD Return | -0.67% | +12.68% | |
| 1Y Return | +1.69% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 4.7% | 15.3% | |
| Max Drawdown | -4.3% | -56.5% | |
| Fund Family | AllianceBernstein L.P. | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2023 | Jan 22, 1993 |
EYEG vs SPY Performance
AB Corporate Bond ETF (EYEG) is a ETF from AllianceBernstein L.P. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EYEG returned +1.69% while SPY returned +21.82%. Year to date, EYEG is down 0.67% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.7% for EYEG. 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 -4.3% for EYEG 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EYEG charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, EYEG currently yields 5.02% against 1.01% for SPY.
Holdings Overlap
EYEG and SPY share 1 holdings out of 732 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EYEG | Weight in SPY | Difference |
|---|---|---|---|
| GE | 0.34% | 0.59% | 0.25% |
Frequently Asked Questions
Which is cheaper, EYEG or SPY?
EYEG has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, EYEG or SPY?
Over the past year EYEG returned +1.69% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), EYEG annualized +4.28% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, EYEG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.7% for EYEG. Worst drawdown: EYEG -4.3% vs SPY -56.5%.
Should I hold both EYEG and SPY?
EYEG and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EYEG and SPY?
EYEG and SPY share 1 common holdings with a 0.3% weight overlap. Combined, they hold 732 unique securities.
Which pays a higher dividend, EYEG or SPY?
EYEG yields 5.02% while SPY yields 1.01%, so EYEG currently pays the higher dividend yield.
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