IDE vs SPY
Voya Infrastructure Industrials and Materials Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, IDE or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. IDE led over 3Y, SPY over 1Y, 5Y and the full window. IDE is less concentrated, with 13.7% 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 | IDE | SPY |
|---|---|---|
| Expense Ratio | 1.22% | 0.09%Best |
| AUM | $174M | $814.4B |
| Dividend Yield | 8.81% | 1.01% |
| Holdings | 267 | 505 |
| YTD Return | +12.33% | +13.34%Best |
| 1Y Return | +15.64% | +19.97%Best |
| 3Y Return (annualized) | +22.19%Best | +21.20% |
| 5Y Return (annualized) | +10.38% | +12.81%Best |
| Volatility (annualized) | 19.8% | 14.4%Best |
| Max Drawdown | -70.5% | -34.1%Best |
| $10,000 over 5 years | $16,385 | $18,270Best |
| Top 10 Weight | 13.7%Best | 38.0% |
| Fund Family | Voya Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 26, 2010 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 27, 2010 to Sep 4, 2026 (16.6 years).
IDE 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.
IDE vs SPY Performance
Voya Infrastructure Industrials and Materials Fund (IDE) is an ETF from Voya Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IDE returned +15.64% while SPY returned +19.97%. Year to date, IDE is up 12.33% versus a gain of 13.34% for SPY.
Over three years, IDE compounded at +22.19% per year against +21.20% for SPY; over five years the annualized figures are +10.38% and +12.81% respectively. Across the full 17-year window we track, SPY has the edge at +12.95% annualized vs +0.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IDE has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 14.4% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
40.8% of IDE's money is in holdings SPY also owns. 11.2% of SPY's money is in holdings IDE also owns.
The two portfolios partly overlap.
The two holdings books were reported 65 days apart, IDE as of May 31, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
77 positions in common, counted across the 256 positions we hold weights for in IDE and 504 in SPY, against full books of 267 and 505.
What only one of them owns
Our book lists 419 positions for SPY that do not appear in our book for IDE (88.2% of the fund), and 15 for IDE that do not appear in SPY (6.9%).
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.
Top Shared Holdings
| Stock | Weight in IDE | Weight in SPY | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 1.63% | 0.72% | 0.91% |
| GEGeneral Electric Co. | 1.54% | 0.59% | 0.95% |
| CATCaterpillar, Inc. | 1.28% | 0.61% | 0.67% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 1.06% | 0.41% | 0.65% |
| ANETArista Networks Inc Common Stock | 1.11% | 0.30% | 0.81% |
| UNPUnion Pacific Corp | 1.06% | 0.26% | 0.80% |
| VZVerizon Communic | 0.94% | 0.29% | 0.65% |
| RTXRaytheon Co. | 0.79% | 0.44% | 0.35% |
| PHParker-Hannifin Corp. | 1.03% | 0.19% | 0.84% |
| UBERUber Technologies Inc | 0.99% | 0.22% | 0.77% |
40.8% of IDE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $113 a year on a $10,000 investment.
Which performed better, IDE or SPY?
Over the past year IDE returned +15.64% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (17 years), IDE annualized +0.64% vs +12.95% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IDE or SPY?
IDE has been the more volatile fund at 19.8% annualized versus 14.4% for SPY. Worst drawdown: IDE -70.5% vs SPY -34.1%.
Should I hold both IDE and SPY?
IDE and SPY have a monthly-return correlation of 0.73, 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 IDE and SPY?
40.8% of IDE's money is in holdings SPY also owns. 11.2% of SPY's is in holdings IDE also owns. They hold 77 positions in common, counted across the 256 positions we hold weights for in IDE and 504 in SPY.
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.
Is SPY better than IDE?
SPY has a lower expense ratio. IDE led over 3Y, SPY over 1Y, 5Y and the full window. IDE is less concentrated, with 13.7% 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.