IAE vs SPY
Voya Asia Pacific High Dividend Equity Income Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IAE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IAE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.21% | 0.09% | |
| AUM | $78M | $821.1B | |
| Dividend Yield | 8.99% | 1.01% | |
| Holdings | 484 | 505 | |
| YTD Return | +25.55% | +14.24% | |
| 1Y Return | +37.44% | +21.71% | |
| 3Y Return (annualized) | +27.83% | +22.10% | |
| 5Y Return (annualized) | +12.47% | +13.21% | |
| Volatility (annualized) | 21.8% | 15.3% | |
| Max Drawdown | -78.5% | -56.5% | |
| Fund Family | Voya Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 27, 2007 | Jan 22, 1993 |
IAE vs SPY Performance
Voya Asia Pacific High Dividend Equity Income Fund (IAE) is a ETF from Voya Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IAE returned +37.44% while SPY returned +21.71%. Year to date, IAE is up 25.55% versus a gain of 14.24% for SPY.
Over three years, IAE compounded at +27.83% per year against +22.10% for SPY; over five years the annualized figures are +12.47% and +13.21% respectively. Across the full 19-year window we track, SPY has the edge at +8.86% annualized vs -2.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAE has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -78.5% for IAE 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IAE charges 1.21% per year while SPY charges 0.09%. On a $10,000 position that is $121 vs $9 annually, a gap of $112 per year that compounds over a long holding period. On income, IAE currently yields 8.99% against 1.01% for SPY.
Holdings Overlap
IAE and SPY share 0 holdings out of 737 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, IAE or SPY?
IAE has an expense ratio of 1.21% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, IAE or SPY?
Over the past year IAE returned +37.44% vs +21.71% for SPY, so IAE leads on 1-year performance. Over the longest common window we track (19 years), IAE annualized -2.15% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, IAE or SPY?
IAE has been the more volatile fund at 21.8% annualized versus 15.3% for SPY. Worst drawdown: IAE -78.5% vs SPY -56.5%.
Should I hold both IAE and SPY?
IAE and SPY have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IAE and SPY?
IAE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 737 unique securities.
Which pays a higher dividend, IAE or SPY?
IAE yields 8.99% while SPY yields 1.01%, so IAE currently pays the higher dividend yield.
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