LOEV vs SPY
Harding Loevner International Developed Markets Select Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LOEV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LOEV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | - | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 51 | 505 | |
| YTD Return | +7.12% | +14.24% | |
| 1Y Return | - | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.5% | -56.5% | |
| Fund Family | Harding Loevner | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 20, 2026 | Jan 22, 1993 |
LOEV vs SPY Performance
Harding Loevner International Developed Markets Select Equity ETF (LOEV) is a ETF from Harding Loevner and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, LOEV is up 7.12% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.5% for LOEV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
LOEV charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, LOEV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
LOEV and SPY share 0 holdings out of 555 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LOEV or SPY?
LOEV has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
What is the holdings overlap between LOEV and SPY?
LOEV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, LOEV or SPY?
LOEV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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