PZIV vs SPY
Pzena International Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PZIV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. PZIV is less concentrated, with 28.8% of the fund in its ten largest positions against 37.8%.
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 | PZIV | SPY |
|---|---|---|
| Expense Ratio | 0.70% | 0.09%Best |
| AUM | $16M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 56 | 505 |
| YTD Return | +17.67%Best | +11.45% |
| 1Y Return | - | +15.87% |
| 3Y Return (annualized) | - | +20.93% |
| 5Y Return (annualized) | - | +12.59% |
| Top 10 Weight | 28.8%Best | 37.8% |
| Fund Family | Pzena Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Apr 1, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
PZIV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PZIV vs SPY Performance
Pzena International Value ETF (PZIV) is an ETF from Pzena Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, PZIV is up 17.67% versus a gain of 11.45% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
PZIV charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, PZIV currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
1.2% of PZIV's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings PZIV also owns.
PZIV and SPY share little of their money.
1 positions in common, counted across the 53 positions we hold weights for in PZIV and 504 in SPY, against full books of 56 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for PZIV (99.2% of the fund), and 2 for PZIV that do not appear in SPY (5.8%).
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.
Top Shared Holdings
| Stock | Weight in PZIV | Weight in SPY | Difference |
|---|---|---|---|
| MDTMedtronic Plc Ordinary Shares | 1.16% | 0.18% | 0.98% |
You are not choosing between two funds in isolation.
Whichever of PZIV 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, PZIV or SPY?
PZIV has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option, by $61 a year on a $10,000 investment.
What is the holdings overlap between PZIV and SPY?
1.2% of PZIV's money is in holdings SPY also owns. 0.2% of SPY's is in holdings PZIV also owns. They hold 1 positions in common, counted across the 53 positions we hold weights for in PZIV and 504 in SPY.
Which pays a higher dividend, PZIV or SPY?
PZIV yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PZIV?
SPY has a lower expense ratio. PZIV is less concentrated, with 28.8% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.