MFSV vs SPY
MFS Active Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MFSV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. MFSV is less concentrated, with 32.6% 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 | MFSV | SPY |
|---|---|---|
| Expense Ratio | 0.44% | 0.09%Best |
| AUM | $599M | $804.7B |
| Dividend Yield | 1.32% | 0.98% |
| Holdings | 64 | 505 |
| YTD Return | +7.40% | +12.99%Best |
| 1Y Return | +11.25% | +16.73%Best |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 9.4%Best | 12.6% |
| Max Drawdown | -12.7%Best | -18.8% |
| $10,000 over 1.8 years | $11,736 | $12,919Best |
| Top 10 Weight | 32.6%Best | 37.8% |
| Fund Family | MFS Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 5, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 5, 2024 to Sep 23, 2026 (1.8 years).
MFSV 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 1.8 years both funds cover.
MFSV vs SPY Performance
MFS Active Value ETF (MFSV) is an ETF from MFS Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MFSV returned +11.25% while SPY returned +16.73%. Year to date, MFSV is up 7.40% versus a gain of 12.99% 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 12.6% compared with 9.4% for MFSV. 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 -12.7% for MFSV and -18.8% 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 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MFSV charges 0.44% per year while SPY charges 0.09%. On a $10,000 position that is $44 vs $9 annually, a gap of $35 per year that compounds over a long holding period. On income, MFSV currently yields 1.32% against 0.98% for SPY.
Holdings Overlap
97.5% of MFSV's money is in holdings SPY also owns. 33.8% of SPY's money is in holdings MFSV also owns.
Most of MFSV is already inside SPY. Owning both mostly buys the same companies twice.
58 positions in common, counted across the 61 positions we hold weights for in MFSV and 504 in SPY, against full books of 64 and 505.
What only one of them owns
Our book lists 441 positions for SPY that do not appear in our book for MFSV (65.7% of the fund), and 3 for MFSV that do not appear in SPY (1.6%).
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 MFSV | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.29% | 5.66% | 0.37% |
| AAPLApple, Inc | 2.93% | 7.26% | 4.33% |
| AMZNAmazon.Com Inc | 5.40% | 3.79% | 1.61% |
| JPMJpmorgan Chase | 4.51% | 1.45% | 3.06% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.82% | 1.04% | 1.78% |
| GOOGLAlphabet Inc,class A | 0.79% | 2.99% | 2.20% |
| BACBank of America Corp.: Financials | 2.33% | 0.62% | 1.71% |
| CVXChevron Corp | 2.16% | 0.60% | 1.56% |
| CICigna Corp. | 2.65% | 0.11% | 2.54% |
| JNJJohnson & Johnson - Common | 1.68% | 0.99% | 0.69% |
97.5% of MFSV 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, MFSV or SPY?
MFSV has an expense ratio of 0.44% while SPY charges 0.09%. SPY is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, MFSV or SPY?
Over the past year MFSV returned +11.25% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MFSV annualized +9.30% vs +15.29% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MFSV or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 9.4% for MFSV. Worst drawdown: MFSV -12.7% vs SPY -18.8%.
Should I hold both MFSV and SPY?
MFSV and SPY have a monthly-return correlation of 0.47, 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 MFSV and SPY?
97.5% of MFSV's money is in holdings SPY also owns. 33.8% of SPY's is in holdings MFSV also owns. They hold 58 positions in common, counted across the 61 positions we hold weights for in MFSV and 504 in SPY.
Which pays a higher dividend, MFSV or SPY?
MFSV yields 1.32% while SPY yields 0.98%, so MFSV currently pays the higher dividend yield.
Is SPY better than MFSV?
SPY has a lower expense ratio. SPY led over 1Y and the full window. MFSV is less concentrated, with 32.6% 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.