ITEQ vs SPY
Amplify BlueStar Israel Technology 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 505 holdings.
Side-by-Side Comparison
| Metric | ITEQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $120M | $821.1B | |
| Dividend Yield | 0.79% | 1.01% | |
| Holdings | 61 | 505 | |
| YTD Return | +9.21% | +13.17% | |
| 1Y Return | +20.84% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 17.9% | 15.3% | |
| Max Drawdown | -22.9% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 2, 2015 | Jan 22, 1993 |
ITEQ vs SPY Performance
Amplify BlueStar Israel Technology ETF (ITEQ) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ITEQ returned +20.84% while SPY returned +21.53%. Year to date, ITEQ is up 9.21% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
ITEQ has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -22.9% for ITEQ 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ITEQ charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, ITEQ currently yields 0.79% against 1.01% for SPY.
Holdings Overlap
ITEQ and SPY share 1 holdings out of 562 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ITEQ | Weight in SPY | Difference |
|---|---|---|---|
| PANW | 9.96% | 0.45% | 9.51% |
Frequently Asked Questions
Which is cheaper, ITEQ or SPY?
ITEQ has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, ITEQ or SPY?
Over the past year ITEQ returned +20.84% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), ITEQ annualized +14.51% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, ITEQ or SPY?
ITEQ has been the more volatile fund at 17.9% annualized versus 15.3% for SPY. Worst drawdown: ITEQ -22.9% vs SPY -56.5%.
Should I hold both ITEQ and SPY?
ITEQ and SPY have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ITEQ and SPY?
ITEQ and SPY share 1 common holdings with a 0.5% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, ITEQ or SPY?
ITEQ yields 0.79% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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