PEVC vs SPY
PEVC vs SPY
Pacer PE/VC 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 503 holdings.
Side-by-Side Comparison
| Metric | PEVC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 4.33% | 1.01% | |
| Holdings | 222 | 505 | |
| YTD Return | +14.13% | +13.79% | |
| 1Y Return | +22.76% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 20.0% | 15.3% | |
| Max Drawdown | -28.9% | -56.5% | |
| Fund Family | Pacer ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 3, 2025 | Jan 22, 1993 |
PEVC vs SPY Performance
Pacer PE/VC ETF (PEVC) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PEVC returned +22.76% while SPY returned +23.66%. Year to date, PEVC is up 14.13% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
PEVC has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -28.9% for PEVC 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PEVC charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, PEVC currently yields 4.33% against 1.01% for SPY.
Holdings Overlap
PEVC and SPY share 198 holdings out of 517 unique holdings combined, representing a 70.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in PEVC | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 4.64% | 7.09% | 2.45% |
| NVDA | 3.93% | 7.31% | 3.38% |
| MSFT | 4.31% | 4.43% | 0.12% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
See all 10 holdings PEVC shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PEVC or SPY?
PEVC has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, PEVC or SPY?
Over the past year PEVC returned +22.76% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), PEVC annualized +21.93% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PEVC or SPY?
PEVC has been the more volatile fund at 20.0% annualized versus 15.3% for SPY. Worst drawdown: PEVC -28.9% vs SPY -56.5%.
Should I hold both PEVC and SPY?
PEVC and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between PEVC and SPY?
PEVC and SPY share 198 common holdings with a 70.1% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, PEVC or SPY?
PEVC yields 4.33% while SPY yields 1.01%, so PEVC currently pays the higher dividend yield.
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