IDE vs SPY
Voya Infrastructure Industrials and Materials Fund 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 | IDE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.22% | 0.09% | |
| AUM | $174M | $821.1B | |
| Dividend Yield | 8.81% | 1.01% | |
| Holdings | 267 | 505 | |
| YTD Return | +14.13% | +14.24% | |
| 1Y Return | +20.78% | +21.71% | |
| 3Y Return (annualized) | +23.01% | +22.10% | |
| 5Y Return (annualized) | +10.29% | +13.21% | |
| Volatility (annualized) | 19.9% | 15.3% | |
| Max Drawdown | -70.5% | -56.5% | |
| Fund Family | Voya Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 26, 2010 | Jan 22, 1993 |
IDE vs SPY Performance
Voya Infrastructure Industrials and Materials Fund (IDE) 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 IDE returned +20.78% while SPY returned +21.71%. Year to date, IDE is up 14.13% versus a gain of 14.24% for SPY.
Over three years, IDE compounded at +23.01% per year against +22.10% for SPY; over five years the annualized figures are +10.29% and +13.21% respectively. Across the full 17-year window we track, SPY has the edge at +8.86% annualized vs +0.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IDE has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -70.5% for IDE 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IDE charges 1.22% per year while SPY charges 0.09%. On a $10,000 position that is $122 vs $9 annually, a gap of $113 per year that compounds over a long holding period. On income, IDE currently yields 8.81% against 1.01% for SPY.
Holdings Overlap
IDE and SPY share 77 holdings out of 683 unique holdings combined, representing a 11.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IDE or SPY?
IDE has an expense ratio of 1.22% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $113 per year of difference.
Which performed better, IDE or SPY?
Over the past year IDE returned +20.78% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (17 years), IDE annualized +0.74% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, IDE or SPY?
IDE has been the more volatile fund at 19.9% annualized versus 15.3% for SPY. Worst drawdown: IDE -70.5% vs SPY -56.5%.
Should I hold both IDE and SPY?
IDE and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IDE and SPY?
IDE and SPY share 77 common holdings with a 11.1% weight overlap. Combined, they hold 683 unique securities.
Which pays a higher dividend, IDE or SPY?
IDE yields 8.81% while SPY yields 1.01%, so IDE currently pays the higher dividend yield.
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