IDEQ vs SPY
Lazard International Dynamic Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IDEQ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IDEQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $588M | $821.1B | |
| Dividend Yield | 2.42% | 1.01% | |
| Holdings | 278 | 505 | |
| YTD Return | +15.83% | +12.93% | |
| 1Y Return | +32.87% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 14.9% | 15.3% | |
| Max Drawdown | -12.9% | -56.5% | |
| Fund Family | Lazard Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 29, 2015 | Jan 22, 1993 |
IDEQ vs SPY Performance
Lazard International Dynamic Equity ETF (IDEQ) is a ETF from Lazard Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IDEQ returned +32.87% while SPY returned +20.62%. Year to date, IDEQ is up 15.83% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.9% for IDEQ. 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 -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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
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
IDEQ and SPY share 1 holdings out of 755 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IDEQ | Weight in SPY | Difference |
|---|---|---|---|
| KR | 0.00% | 0.05% | 0.05% |
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. On a $10,000 investment, that is $31 per year of difference.
Which performed better, IDEQ or SPY?
Over the past year IDEQ returned +32.87% vs +20.62% for SPY, so IDEQ leads on 1-year performance. Over the longest common window we track (1 years), IDEQ annualized +35.40% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, IDEQ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.9% for IDEQ. Worst drawdown: IDEQ -12.9% vs SPY -56.5%.
Should I hold both IDEQ and SPY?
IDEQ and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IDEQ and SPY?
IDEQ and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 755 unique securities.
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.
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