NSIV vs SPY
North Square Disciplined Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NSIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $78M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 57 | 505 | |
| YTD Return | +4.01% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.0% | -56.5% | |
| Fund Family | North Square Investments, LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 9, 2026 | Jan 22, 1993 |
NSIV vs SPY Performance
North Square Disciplined Value ETF (NSIV) is a ETF from North Square Investments, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, NSIV is up 4.01% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.0% for NSIV 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
NSIV charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, NSIV currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
NSIV and SPY share 52 holdings out of 509 unique holdings combined, representing a 23.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NSIV or SPY?
NSIV has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
What is the holdings overlap between NSIV and SPY?
NSIV and SPY share 52 common holdings with a 23.5% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, NSIV or SPY?
NSIV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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