IQSU vs SPY
NYLIM Candriam US Large Cap Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IQSU or SPY?
Each has led over a different period.
IQSU led over 1Y and the full window, SPY over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.98. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.0%.
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 | IQSU | SPY |
|---|---|---|
| Expense Ratio | 0.09%Tie | 0.09%Tie |
| AUM | $324M | $804.7B |
| Dividend Yield | 0.97% | 0.98% |
| Holdings | 266 | 505 |
| YTD Return | +13.38%Best | +10.96% |
| 1Y Return | +19.01%Best | +15.52% |
| 3Y Return (annualized) | +17.84% | +20.73%Best |
| 5Y Return (annualized) | +11.02% | +12.53%Best |
| Volatility (annualized) | 17.8% | 16.9%Best |
| Max Drawdown | -31.3%Best | -34.1% |
| $10,000 over 5 years | $16,866 | $18,044Best |
| Top 10 Weight | 41.0% | 37.8%Best |
| Fund Family | New York Life Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 17, 2019 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 17, 2019 to Sep 16, 2026 (6.7 years).
IQSU 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 6.7 years both funds cover.
IQSU vs SPY Performance
NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IQSU returned +19.01% while SPY returned +15.52%. Year to date, IQSU is up 13.38% versus a gain of 10.96% for SPY.
Over three years, IQSU compounded at +17.84% per year against +20.73% for SPY; over five years the annualized figures are +11.02% and +12.53% respectively. Across the full 7-year window we track, IQSU has the edge at +15.33% annualized vs +14.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSU has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.9% 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 -31.3% for IQSU 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQSU charges 0.09% per year while SPY charges 0.09%. On a $10,000 position that is $9 vs $9 annually. On income, IQSU currently yields 0.97% against 0.98% for SPY.
Holdings Overlap
94.6% of IQSU's money is in holdings SPY also owns. 56.5% of SPY's money is in holdings IQSU also owns.
Most of IQSU is already inside SPY. Owning both mostly buys the same companies twice.
243 positions in common, counted across the 260 positions we hold weights for in IQSU and 504 in SPY, against full books of 266 and 505.
What only one of them owns
Our book lists 255 positions for SPY that do not appear in our book for IQSU (42.9% of the fund), and 11 for IQSU that do not appear in SPY (1.7%).
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 IQSU | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 9.45% | 7.26% | 2.19% |
| MSFTMicrosoft Corp | 5.41% | 5.66% | 0.25% |
| AMZNAmazon.Com Inc | 4.94% | 3.79% | 1.15% |
| GOOGLAlphabet Inc,class A | 5.16% | 2.99% | 2.17% |
| GOOGAlphabet Inc | 4.45% | 2.39% | 2.06% |
| MUMicron Technology, Inc. | 3.14% | 1.60% | 1.54% |
| TSLATesla Inc | 3.15% | 1.52% | 1.63% |
| AMDAdvanced Micro Devices Inc | 2.18% | 1.14% | 1.04% |
| VVisa Inc Class A | 1.75% | 0.94% | 0.81% |
| MAMastercard Inc | 1.30% | 0.71% | 0.59% |
94.6% of IQSU 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, IQSU or SPY?
IQSU has an expense ratio of 0.09% while SPY charges 0.09%. At the precision these are quoted to, they cost the same.
Which performed better, IQSU or SPY?
Over the past year IQSU returned +19.01% vs +15.52% for SPY, so IQSU leads on 1-year performance. Over the longest common window we track (7 years), IQSU annualized +15.33% vs +14.82% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQSU or SPY?
IQSU has been the more volatile fund at 17.8% annualized versus 16.9% for SPY. Worst drawdown: IQSU -31.3% vs SPY -34.1%.
Should I hold both IQSU and SPY?
IQSU and SPY have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IQSU and SPY?
94.6% of IQSU's money is in holdings SPY also owns. 56.5% of SPY's is in holdings IQSU also owns. They hold 243 positions in common, counted across the 260 positions we hold weights for in IQSU and 504 in SPY.
Which pays a higher dividend, IQSU or SPY?
IQSU yields 0.97% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than IQSU?
IQSU led over 1Y and the full window, SPY over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.98. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.