IDEQ vs SPY
Lazard International Dynamic Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IDEQ or SPY?
IDEQ has been ahead.
SPY has a lower expense ratio. IDEQ led over 1Y and the full window. IDEQ is less concentrated, with 23.9% 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 | IDEQ | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $588M | $814.4B |
| Dividend Yield | 2.42% | 1.01% |
| Holdings | 304 | 505 |
| YTD Return | +18.05%Best | +12.71% |
| 1Y Return | +34.14%Best | +19.36% |
| 3Y Return (annualized) | - | +21.09% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 14.4% | 11.9%Best |
| Max Drawdown | -12.9% | -8.9%Best |
| $10,000 over 1.3 years | $14,850Best | $13,252 |
| Top 10 Weight | 23.9%Best | 38.0% |
| Fund Family | Lazard Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 29, 2015 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 12, 2025 to Sep 8, 2026 (1.3 years).
IDEQ 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 covers the 1.3 years both funds cover.
IDEQ vs SPY Performance
Lazard International Dynamic Equity ETF (IDEQ) is an ETF from Lazard Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IDEQ returned +34.14% while SPY returned +19.36%. Year to date, IDEQ is up 18.05% versus a gain of 12.71% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IDEQ has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 11.9% 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 -12.9% for IDEQ and -8.9% 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IDEQ charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, IDEQ currently yields 2.42% against 1.01% for SPY.
Holdings Overlap
0.1% of SPY's money is in holdings IDEQ also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 252 positions we hold weights for in IDEQ and 503 in SPY, against full books of 304 and 505.
What only one of them owns
Our book lists 492 positions for SPY that do not appear in our book for IDEQ (99.4% of the fund), and 2 for IDEQ that do not appear in SPY (0.8%).
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.
Top Shared Holdings
| Stock | Weight in IDEQ | Weight in SPY | Difference |
|---|---|---|---|
| KRKroger Co. | 0.00% | 0.05% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of IDEQ 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, IDEQ or SPY?
IDEQ has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, IDEQ or SPY?
Over the past year IDEQ returned +34.14% vs +19.36% for SPY, so IDEQ leads on 1-year performance. Over the longest common window we track (1 years), IDEQ annualized +35.55% vs +24.18% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IDEQ or SPY?
IDEQ has been the more volatile fund at 14.4% annualized versus 11.9% for SPY. Worst drawdown: IDEQ -12.9% vs SPY -8.9%.
Should I hold both IDEQ and SPY?
IDEQ and SPY have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IDEQ or SPY?
IDEQ yields 2.42% while SPY yields 1.01%, so IDEQ currently pays the higher dividend yield.
Is SPY better than IDEQ?
SPY has a lower expense ratio. IDEQ led over 1Y and the full window. IDEQ is less concentrated, with 23.9% 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.