OAEM vs SPY
OneAscent Emerging Markets ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OAEM delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OAEM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.25% | 0.09% | |
| AUM | $125M | $789.1B | |
| Dividend Yield | 0.57% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +30.94% | +14.47% | |
| 1Y Return | +48.18% | +21.96% | |
| 3Y Return (annualized) | +22.12% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 19.0% | 15.3% | |
| Max Drawdown | -17.1% | -56.5% | |
| Fund Family | OneAscent Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 14, 2022 | Jan 22, 1993 |
OAEM vs SPY Performance
OneAscent Emerging Markets ETF (OAEM) is a ETF from OneAscent Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OAEM returned +48.18% while SPY returned +21.96%. Year to date, OAEM is up 30.94% versus a gain of 14.47% for SPY.
Over three years, OAEM compounded at +22.12% per year against +21.70% for SPY. Across the full 4-year window we track, OAEM has the edge at +20.31% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OAEM has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.3% 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 -17.1% for OAEM and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OAEM charges 1.25% per year while SPY charges 0.09%. On a $10,000 position that is $125 vs $9 annually, a gap of $116 per year that compounds over a long holding period. On income, OAEM currently yields 0.57% against 1.01% for SPY.
Holdings Overlap
OAEM and SPY share 0 holdings out of 546 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, OAEM or SPY?
OAEM has an expense ratio of 1.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $116 per year of difference.
Which performed better, OAEM or SPY?
Over the past year OAEM returned +48.18% vs +21.96% for SPY, so OAEM leads on 1-year performance. Over the longest common window we track (4 years), OAEM annualized +20.31% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, OAEM or SPY?
OAEM has been the more volatile fund at 19.0% annualized versus 15.3% for SPY. Worst drawdown: OAEM -17.1% vs SPY -56.5%.
Should I hold both OAEM and SPY?
OAEM and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OAEM and SPY?
OAEM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, OAEM or SPY?
OAEM yields 0.57% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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