ICPY vs SPY
International Insider + Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ICPY or SPY?
ICPY has been ahead.
SPY has a lower expense ratio. ICPY led over 1Y. ICPY is less concentrated, with 15.7% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ICPY | SPY |
|---|---|---|
| Expense Ratio | 0.80% | 0.09%Best |
| AUM | $80M | $814.4B |
| Dividend Yield | 3.82% | 1.01% |
| Holdings | 154 | 505 |
| YTD Return | +22.65%Best | +13.34% |
| 1Y Return | +40.77%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 13.1%Tie | 13.1%Tie |
| Top 10 Weight | 15.7%Best | 38.0% |
| Fund Family | Tweedy Browne Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 10, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
ICPY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ICPY vs SPY Performance
International Insider + Value ETF (ICPY) is an ETF from Tweedy Browne Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ICPY returned +40.77% while SPY returned +19.97%. Year to date, ICPY is up 22.65% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICPY and SPY have been equally volatile, both at 13.1% annualized.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ICPY charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, ICPY currently yields 3.82% against 1.01% for SPY.
Holdings Overlap
1.4% of ICPY's money is in holdings SPY also owns.
ICPY and SPY share little of their money.
2 positions in common, counted across the 113 positions we hold weights for in ICPY and 504 in SPY, against full books of 154 and 505.
What only one of them owns
Our book lists 494 positions for SPY that do not appear in our book for ICPY (99.4% of the fund), and 2 for ICPY that do not appear in SPY (1.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ICPY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ICPY or SPY?
ICPY has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, ICPY or SPY?
Over the past year ICPY returned +40.77% vs +19.97% for SPY, so ICPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICPY or SPY?
ICPY and SPY have been equally volatile, both at 13.1% annualized.
Should I hold both ICPY and SPY?
ICPY and SPY have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ICPY and SPY?
1.4% of ICPY's money is in holdings SPY also owns. 0.0% of SPY's is in holdings ICPY also owns. They hold 2 positions in common, counted across the 113 positions we hold weights for in ICPY and 504 in SPY.
Which pays a higher dividend, ICPY or SPY?
ICPY yields 3.82% while SPY yields 1.01%, so ICPY currently pays the higher dividend yield.
Is SPY better than ICPY?
SPY has a lower expense ratio. ICPY led over 1Y. ICPY is less concentrated, with 15.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.