IGD vs SPY
Voya Global Equity Dividend and Premium Opportunity Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, IGD or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. IGD led over 1Y, SPY over 3Y, 5Y and the full window. IGD is less concentrated, with 15.8% 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 | IGD | SPY |
|---|---|---|
| Expense Ratio | 0.96% | 0.09%Best |
| AUM | $479M | $814.4B |
| Dividend Yield | 9.15% | 1.01% |
| Holdings | 251 | 505 |
| YTD Return | +20.81%Best | +13.34% |
| 1Y Return | +20.59%Best | +19.97% |
| 3Y Return (annualized) | +20.47% | +21.20%Best |
| 5Y Return (annualized) | +11.15% | +12.81%Best |
| Volatility (annualized) | 17.2% | 14.9%Best |
| Max Drawdown | -82.5% | -56.5%Best |
| $10,000 over 5 years | $16,965 | $18,270Best |
| Top 10 Weight | 15.8%Best | 38.0% |
| Fund Family | Voya Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 28, 2005 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 29, 2005 to Sep 4, 2026 (21.4 years).
IGD 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 21.4 years both funds cover.
IGD vs SPY Performance
Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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 IGD returned +20.59% while SPY returned +19.97%. Year to date, IGD is up 20.81% versus a gain of 13.34% for SPY.
Over three years, IGD compounded at +20.47% per year against +21.20% for SPY; over five years the annualized figures are +11.15% and +12.81% respectively. Across the full 21-year window we track, SPY has the edge at +9.59% annualized vs -2.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGD has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.9% 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 -82.5% for IGD and -56.5% 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IGD charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, IGD currently yields 9.15% against 1.01% for SPY.
Holdings Overlap
54.2% of IGD's money is in holdings SPY also owns. 34.3% of SPY's money is in holdings IGD also owns.
The two portfolios partly overlap.
The two holdings books were reported 65 days apart, IGD 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.
100 positions in common, counted across the 241 positions we hold weights for in IGD and 504 in SPY, against full books of 251 and 505.
What only one of them owns
Our book lists 398 positions for SPY that do not appear in our book for IGD (65.4% of the fund), and 43 for IGD that do not appear in SPY (14.9%).
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 IGD | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.57% | 7.71% | 7.14% |
| GOOGLAlphabet Inc.Class A | 3.73% | 3.33% | 0.40% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.59% | 5.50% | 4.91% |
| METAMeta Platform Inc | 1.47% | 1.94% | 0.47% |
| MUMicron Technology, Inc. | 1.42% | 1.51% | 0.09% |
| JNJJohnson & Johnson - Common | 1.72% | 0.92% | 0.80% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.81% | 0.72% | 1.09% |
| ABBVAbbvie Inc. | 1.31% | 0.65% | 0.66% |
| KOCoca Cola Co. | 1.25% | 0.50% | 0.75% |
| PGProcter & Gamble Company | 0.80% | 0.52% | 0.28% |
54.2% of IGD 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, IGD or SPY?
IGD has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, IGD or SPY?
Over the past year IGD returned +20.59% vs +19.97% for SPY, so IGD leads on 1-year performance. Over the longest common window we track (21 years), IGD annualized -2.76% vs +9.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGD or SPY?
IGD has been the more volatile fund at 17.2% annualized versus 14.9% for SPY. Worst drawdown: IGD -82.5% vs SPY -56.5%.
Should I hold both IGD and SPY?
IGD and SPY have a monthly-return correlation of 0.72, 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 IGD and SPY?
54.2% of IGD's money is in holdings SPY also owns. 34.3% of SPY's is in holdings IGD also owns. They hold 100 positions in common, counted across the 241 positions we hold weights for in IGD and 504 in SPY.
Which pays a higher dividend, IGD or SPY?
IGD yields 9.15% while SPY yields 1.01%, so IGD currently pays the higher dividend yield.
Is SPY better than IGD?
SPY has a lower expense ratio. IGD led over 1Y, SPY over 3Y, 5Y and the full window. IGD is less concentrated, with 15.8% 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.