PZIV vs SPY
Pzena International Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PZIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $17M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 57 | 505 | |
| YTD Return | +19.82% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.7% | -56.5% | |
| Fund Family | Pzena Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2026 | Jan 22, 1993 |
PZIV vs SPY Performance
Pzena International Value ETF (PZIV) is a ETF from Pzena Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, PZIV is up 19.82% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.7% for PZIV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% for SPY.
Holdings Overlap
PZIV and SPY share 1 holdings out of 556 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PZIV | Weight in SPY | Difference |
|---|---|---|---|
| MDT | 1.00% | 0.17% | 0.83% |
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. On a $10,000 investment, that is $61 per year of difference.
What is the holdings overlap between PZIV and SPY?
PZIV and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, PZIV or SPY?
PZIV yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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