OAEM vs SPY
OneAscent Emerging Markets ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OAEM or SPY?
OAEM has been ahead.
SPY has a lower expense ratio. OAEM led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 47.1%.
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 | OAEM | SPY |
|---|---|---|
| Expense Ratio | 1.25% | 0.09%Best |
| AUM | $132M | $804.7B |
| Dividend Yield | 0.58% | 0.98% |
| Holdings | 49 | 505 |
| YTD Return | +35.14%Best | +12.19% |
| 1Y Return | +53.80%Best | +18.53% |
| 3Y Return (annualized) | +23.52%Best | +20.88% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 18.8% | 13.2%Best |
| Max Drawdown | -17.1%Best | -18.8% |
| $10,000 over 4 years | $21,330Best | $20,847 |
| Top 10 Weight | 47.1% | 38.0%Best |
| Fund Family | OneAscent Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 14, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 16, 2022 to Sep 9, 2026 (4 years).
OAEM 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 4 years both funds cover.
OAEM vs SPY Performance
OneAscent Emerging Markets ETF (OAEM) is an ETF from OneAscent Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OAEM returned +53.80% while SPY returned +18.53%. Year to date, OAEM is up 35.14% versus a gain of 12.19% for SPY.
Over three years, OAEM compounded at +23.52% per year against +20.88% for SPY. Across the full 4-year window we track, OAEM has the edge at +20.85% annualized vs +20.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OAEM has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 13.2% 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 -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 0.62. They move together some of the time, and apart the rest.
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 0.58% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 50 holdings in OAEM and 504 in SPY, totalling 96.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 50 positions we hold weights for in OAEM and 504 in SPY, against full books of 49 and 505.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for OAEM (99.4% of the fund), and 1 for OAEM that do not appear in SPY (0.9%).
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.
You are not choosing between two funds in isolation.
Whichever of OAEM and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $116 a year on a $10,000 investment.
Which performed better, OAEM or SPY?
Over the past year OAEM returned +53.80% vs +18.53% for SPY, so OAEM leads on 1-year performance. Over the longest common window we track (4 years), OAEM annualized +20.85% vs +20.16% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OAEM or SPY?
OAEM has been the more volatile fund at 18.8% annualized versus 13.2% for SPY. Worst drawdown: OAEM -17.1% vs SPY -18.8%.
Should I hold both OAEM and SPY?
OAEM and SPY have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OAEM or SPY?
OAEM yields 0.58% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than OAEM?
SPY has a lower expense ratio. OAEM led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.