OSCV vs SPY
Opus Small Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | OSCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $708M | $821.1B | |
| Dividend Yield | 1.05% | 1.01% | |
| Holdings | 67 | 505 | |
| YTD Return | +15.66% | +13.70% | |
| 1Y Return | +15.38% | +21.44% | |
| 3Y Return (annualized) | +12.03% | +22.50% | |
| 5Y Return (annualized) | +7.01% | +13.24% | |
| Volatility (annualized) | 18.6% | 15.3% | |
| Max Drawdown | -42.8% | -56.5% | |
| Fund Family | Aptus ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 18, 2018 | Jan 22, 1993 |
OSCV vs SPY Performance
Opus Small Cap Value ETF (OSCV) is a ETF from Aptus ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OSCV returned +15.38% while SPY returned +21.44%. Year to date, OSCV is up 15.66% versus a gain of 13.70% for SPY.
Over three years, OSCV compounded at +12.03% per year against +22.50% for SPY; over five years the annualized figures are +7.01% and +13.24% respectively. Across the full 8-year window we track, SPY has the edge at +8.84% annualized vs +6.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OSCV has been the more volatile fund, with annualized monthly volatility of 18.6% 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 -42.8% for OSCV 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OSCV charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, OSCV currently yields 1.05% against 1.01% for SPY.
Holdings Overlap
OSCV and SPY share 0 holdings out of 569 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, OSCV or SPY?
OSCV has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, OSCV or SPY?
Over the past year OSCV returned +15.38% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), OSCV annualized +6.92% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, OSCV or SPY?
OSCV has been the more volatile fund at 18.6% annualized versus 15.3% for SPY. Worst drawdown: OSCV -42.8% vs SPY -56.5%.
Should I hold both OSCV and SPY?
OSCV and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OSCV and SPY?
OSCV and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, OSCV or SPY?
OSCV yields 1.05% while SPY yields 1.01%, so OSCV currently pays the higher dividend yield.
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