PID vs SPY
Invesco International Dividend Achievers ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PID or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PID is less concentrated, with 31.1% of the fund in its ten largest positions against 38.0%.
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 | PID | SPY |
|---|---|---|
| Expense Ratio | 0.53% | 0.09%Best |
| AUM | $907M | $814.4B |
| Dividend Yield | 3.42% | 1.01% |
| Holdings | 66 | 505 |
| YTD Return | +6.15% | +13.34%Best |
| 1Y Return | +12.46% | +19.97%Best |
| 3Y Return (annualized) | +13.40% | +21.20%Best |
| 5Y Return (annualized) | +8.70% | +12.81%Best |
| Volatility (annualized) | 17.7% | 15.0%Best |
| Max Drawdown | -68.0% | -56.5%Best |
| $10,000 over 5 years | $15,176 | $18,270Best |
| Top 10 Weight | 31.1%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 15, 2005 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 15, 2005 to Sep 4, 2026 (21 years).
PID 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 21 years both funds cover.
PID vs SPY Performance
Invesco International Dividend Achievers ETF (PID) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PID returned +12.46% while SPY returned +19.97%. Year to date, PID is up 6.15% versus a gain of 13.34% for SPY.
Over three years, PID compounded at +13.40% per year against +21.20% for SPY; over five years the annualized figures are +8.70% and +12.81% respectively. Across the full 21-year window we track, SPY has the edge at +9.52% annualized vs +3.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PID has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.0% 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 -68.0% for PID and -56.5% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PID charges 0.53% per year while SPY charges 0.09%. On a $10,000 position that is $53 vs $9 annually, a gap of $44 per year that compounds over a long holding period. On income, PID currently yields 3.42% against 1.01% for SPY.
Holdings Overlap
2.6% of PID's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings PID also owns.
PID and SPY share little of their money.
3 positions in common, counted across the 63 positions we hold weights for in PID and 504 in SPY, against full books of 66 and 505.
What only one of them owns
Our book lists 494 positions for SPY that do not appear in our book for PID (99.3% of the fund), and 10 for PID that do not appear in SPY (17.3%).
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 PID 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, PID or SPY?
PID has an expense ratio of 0.53% while SPY charges 0.09%. SPY is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, PID or SPY?
Over the past year PID returned +12.46% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), PID annualized +3.02% vs +9.52% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PID or SPY?
PID has been the more volatile fund at 17.7% annualized versus 15.0% for SPY. Worst drawdown: PID -68.0% vs SPY -56.5%.
Should I hold both PID and SPY?
PID and SPY have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PID and SPY?
2.6% of PID's money is in holdings SPY also owns. 0.2% of SPY's is in holdings PID also owns. They hold 3 positions in common, counted across the 63 positions we hold weights for in PID and 504 in SPY.
Which pays a higher dividend, PID or SPY?
PID yields 3.42% while SPY yields 1.01%, so PID currently pays the higher dividend yield.
Is SPY better than PID?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PID is less concentrated, with 31.1% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.