MAVF vs SPY
Matrix Advisors Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MAVF or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. MAVF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.5%.
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 | MAVF | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $92M | $804.7B |
| Dividend Yield | 0.37% | 0.98% |
| Holdings | 29 | 505 |
| YTD Return | +14.32%Best | +13.81% |
| 1Y Return | +18.89%Best | +16.94% |
| 3Y Return (annualized) | - | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 14.6% | 13.0%Best |
| Max Drawdown | -16.4%Best | -16.6% |
| $10,000 over 1.6 years | $13,807Best | $13,230 |
| Top 10 Weight | 52.5% | 37.8%Best |
| Fund Family | Matrix Asset Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 16, 1983 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 24, 2025 to Sep 22, 2026 (1.6 years).
MAVF 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 1.6 years both funds cover.
MAVF vs SPY Performance
Matrix Advisors Value ETF (MAVF) is an ETF from Matrix Asset Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MAVF returned +18.89% while SPY returned +16.94%. Year to date, MAVF is up 14.32% versus a gain of 13.81% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAVF has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 13.0% 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 -16.4% for MAVF and -16.6% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MAVF 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, MAVF currently yields 0.37% against 0.98% for SPY.
Holdings Overlap
99.3% of MAVF's money is in holdings SPY also owns. 27.3% of SPY's money is in holdings MAVF also owns.
Most of MAVF is already inside SPY. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 28 positions we hold weights for in MAVF and 504 in SPY, against full books of 29 and 505.
What only one of them owns
Measured across the 28 and 504 positions we hold weights for.
SPY holds 470 positions MAVF does not, 72.0% of the fund.
Largest: NVDA 8.01%, GOOGL 2.99%, AVGO 2.66%, MU 1.60%, TSLA 1.52%
Top Shared Holdings
| Stock | Weight in MAVF | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.87% | 7.26% | 0.39% |
| MSFTMicrosoft Corp | 8.25% | 5.66% | 2.59% |
| AMZNAmazon.Com Inc | 6.49% | 3.79% | 2.70% |
| GOOGAlphabet Inc | 7.70% | 2.39% | 5.31% |
| METAMeta Platforms Inc | 4.64% | 1.93% | 2.71% |
| JPMJpmorgan Chase | 3.38% | 1.45% | 1.93% |
| WFCWells Fargo & Co. | 3.68% | 0.40% | 3.28% |
| PEPPepsico Inc. | 3.76% | 0.29% | 3.47% |
| QCOMQualcomm Inc. | 3.67% | 0.27% | 3.40% |
| MDTMedtronic Plc Ordinary Shares | 3.73% | 0.18% | 3.55% |
99.3% of MAVF 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, MAVF or SPY?
MAVF has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, MAVF or SPY?
Over the past year MAVF returned +18.89% vs +16.94% for SPY, so MAVF leads on 1-year performance. Over the longest common window we track (2 years), MAVF annualized +22.34% vs +19.12% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MAVF or SPY?
MAVF has been the more volatile fund at 14.6% annualized versus 13.0% for SPY. Worst drawdown: MAVF -16.4% vs SPY -16.6%.
Should I hold both MAVF and SPY?
MAVF and SPY have a monthly-return correlation of 0.94, 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 MAVF and SPY?
99.3% of MAVF's money is in holdings SPY also owns. 27.3% of SPY's is in holdings MAVF also owns. They hold 27 positions in common, counted across the 28 positions we hold weights for in MAVF and 504 in SPY.
Which pays a higher dividend, MAVF or SPY?
MAVF yields 0.37% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than MAVF?
SPY has a lower expense ratio. MAVF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.