LVDS vs SPY
JPMorgan Fundamental Data Science Large Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LVDS or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. LVDS led over 1Y and the full window. LVDS is less concentrated, with 29.7% of the fund in its ten largest positions against 37.8%.
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 | LVDS | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $114M | $804.7B |
| Dividend Yield | 7.37% | 0.98% |
| Holdings | 133 | 505 |
| YTD Return | +19.31%Best | +13.81% |
| 1Y Return | +24.57%Best | +16.94% |
| 3Y Return (annualized) | - | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 10.6%Best | 12.2% |
| Max Drawdown | -6.6%Best | -8.9% |
| $10,000 over 1.2 years | $12,851Best | $12,537 |
| Top 10 Weight | 29.7%Best | 37.8% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 11, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 14, 2025 to Sep 22, 2026 (1.2 years).
LVDS 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 1.2 years both funds cover.
LVDS vs SPY Performance
JPMorgan Fundamental Data Science Large Value ETF (LVDS) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LVDS returned +24.57% while SPY returned +16.94%. Year to date, LVDS is up 19.31% versus a gain of 13.81% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 10.6% for LVDS. 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 -6.6% for LVDS and -8.9% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LVDS charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, LVDS currently yields 7.37% against 0.98% for SPY.
Holdings Overlap
93.7% of LVDS's money is in holdings SPY also owns. 46.1% of SPY's money is in holdings LVDS also owns.
Most of LVDS is already inside SPY. Owning both mostly buys the same companies twice.
118 positions in common, counted across the 131 positions we hold weights for in LVDS and 504 in SPY, against full books of 133 and 505.
What only one of them owns
Measured across the 131 and 504 positions we hold weights for.
SPY holds 379 positions LVDS does not, 53.2% of the fund.
Largest: NVDA 8.01%, GOOGL 2.99%, AVGO 2.66%, GOOG 2.39%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in LVDS | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.01% | 7.26% | 2.25% |
| MSFTMicrosoft Corp | 5.67% | 5.66% | 0.01% |
| AMZNAmazon.Com Inc | 6.49% | 3.79% | 2.70% |
| XOMExxon Mobil Corp. | 2.34% | 1.04% | 1.30% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.70% | 1.40% | 0.30% |
| METAMeta Platforms Inc | 0.99% | 1.93% | 0.94% |
| ABBVAbbvie Inc. | 1.84% | 0.70% | 1.14% |
| JNJJohnson & Johnson - Common | 1.44% | 0.99% | 0.45% |
| VZVerizon Communic | 2.03% | 0.32% | 1.71% |
| PMPhilip Morris International Inc. | 1.60% | 0.44% | 1.16% |
93.7% of LVDS 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, LVDS or SPY?
LVDS has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, LVDS or SPY?
Over the past year LVDS returned +24.57% vs +16.94% for SPY, so LVDS leads on 1-year performance. Over the longest common window we track (1 years), LVDS annualized +23.25% vs +20.73% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LVDS or SPY?
SPY has been the more volatile fund at 12.2% annualized versus 10.6% for LVDS. Worst drawdown: LVDS -6.6% vs SPY -8.9%.
Should I hold both LVDS and SPY?
LVDS and SPY have a monthly-return correlation of 0.64, 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 LVDS and SPY?
93.7% of LVDS's money is in holdings SPY also owns. 46.1% of SPY's is in holdings LVDS also owns. They hold 118 positions in common, counted across the 131 positions we hold weights for in LVDS and 504 in SPY.
Which pays a higher dividend, LVDS or SPY?
LVDS yields 7.37% while SPY yields 0.98%, so LVDS currently pays the higher dividend yield.
Is SPY better than LVDS?
SPY has a lower expense ratio. LVDS led over 1Y and the full window. LVDS is less concentrated, with 29.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.