PID vs SPY
Invesco International Dividend Achievers 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 | PID | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.09% | |
| AUM | $919M | $821.1B | |
| Dividend Yield | 3.42% | 1.01% | |
| Holdings | 66 | 505 | |
| YTD Return | +6.62% | +14.24% | |
| 1Y Return | +13.25% | +21.71% | |
| 3Y Return (annualized) | +14.09% | +22.10% | |
| 5Y Return (annualized) | +8.85% | +13.21% | |
| Volatility (annualized) | 17.8% | 15.3% | |
| Max Drawdown | -68.0% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2005 | Jan 22, 1993 |
PID vs SPY Performance
Invesco International Dividend Achievers ETF (PID) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PID returned +13.25% while SPY returned +21.71%. Year to date, PID is up 6.62% versus a gain of 14.24% for SPY.
Over three years, PID compounded at +14.09% per year against +22.10% for SPY; over five years the annualized figures are +8.85% and +13.21% respectively. Across the full 21-year window we track, SPY has the edge at +8.86% annualized vs +3.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PID has been the more volatile fund, with annualized monthly volatility of 17.8% 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 -68.0% for PID 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 0.85. 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
PID and SPY share 3 holdings out of 563 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PID or SPY?
Over the past year PID returned +13.25% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), PID annualized +3.05% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, PID or SPY?
PID has been the more volatile fund at 17.8% annualized versus 15.3% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PID and SPY?
PID and SPY share 3 common holdings with a 0.2% weight overlap. Combined, they hold 563 unique securities.
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.
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