INDS vs SPY
Pacer Industrial Real Estate ETF 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 503 holdings.
Side-by-Side Comparison
| Metric | INDS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $119M | $789.1B | |
| Dividend Yield | 3.37% | 1.01% | |
| Holdings | 38 | 505 | |
| YTD Return | +11.85% | +13.39% | |
| 1Y Return | +19.48% | +22.52% | |
| 3Y Return (annualized) | +5.77% | +21.36% | |
| 5Y Return (annualized) | +0.72% | +13.19% | |
| Volatility (annualized) | 20.6% | 15.3% | |
| Max Drawdown | -40.2% | -56.5% | |
| Fund Family | Pacer ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 14, 2018 | Jan 22, 1993 |
INDS vs SPY Performance
Pacer Industrial Real Estate ETF (INDS) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year INDS returned +19.48% while SPY returned +22.52%. Year to date, INDS is up 11.85% versus a gain of 13.39% for SPY.
Over three years, INDS compounded at +5.77% per year against +21.36% for SPY; over five years the annualized figures are +0.72% and +13.19% respectively. Across the full 8-year window we track, SPY has the edge at +8.84% annualized vs +8.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INDS has been the more volatile fund, with annualized monthly volatility of 20.6% 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 -40.2% for INDS 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
INDS charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, INDS currently yields 3.37% against 1.01% for SPY.
Holdings Overlap
INDS and SPY share 3 holdings out of 533 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INDS or SPY?
INDS has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, INDS or SPY?
Over the past year INDS returned +19.48% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), INDS annualized +8.39% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, INDS or SPY?
INDS has been the more volatile fund at 20.6% annualized versus 15.3% for SPY. Worst drawdown: INDS -40.2% vs SPY -56.5%.
Should I hold both INDS and SPY?
INDS and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INDS and SPY?
INDS and SPY share 3 common holdings with a 0.3% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, INDS or SPY?
INDS yields 3.37% while SPY yields 1.01%, so INDS currently pays the higher dividend yield.
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