REVS vs SPY
Columbia Research Enhanced Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. REVS delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | REVS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $321M | $821.1B | |
| Dividend Yield | 1.81% | 1.01% | |
| Holdings | 310 | 505 | |
| YTD Return | +19.44% | +13.47% | |
| 1Y Return | +25.47% | +20.57% | |
| 3Y Return (annualized) | +20.17% | +21.83% | |
| 5Y Return (annualized) | +12.32% | +12.88% | |
| Volatility (annualized) | 16.6% | 15.3% | |
| Max Drawdown | -37.9% | -56.5% | |
| Fund Family | Columbia Threadneedle Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2019 | Jan 22, 1993 |
REVS vs SPY Performance
Columbia Research Enhanced Value ETF (REVS) is a ETF from Columbia Threadneedle Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year REVS returned +25.47% while SPY returned +20.57%. Year to date, REVS is up 19.44% versus a gain of 13.47% for SPY.
Over three years, REVS compounded at +20.17% per year against +21.83% for SPY; over five years the annualized figures are +12.32% and +12.88% respectively. Across the full 7-year window we track, REVS has the edge at +13.69% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
REVS has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -37.9% for REVS 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
REVS charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, REVS currently yields 1.81% against 1.01% for SPY.
Holdings Overlap
REVS and SPY share 146 holdings out of 658 unique holdings combined, representing a 18.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, REVS or SPY?
REVS has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, REVS or SPY?
Over the past year REVS returned +25.47% vs +20.57% for SPY, so REVS leads on 1-year performance. Over the longest common window we track (7 years), REVS annualized +13.69% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, REVS or SPY?
REVS has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: REVS -37.9% vs SPY -56.5%.
Should I hold both REVS and SPY?
REVS and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between REVS and SPY?
REVS and SPY share 146 common holdings with a 18.6% weight overlap. Combined, they hold 658 unique securities.
Which pays a higher dividend, REVS or SPY?
REVS yields 1.81% while SPY yields 1.01%, so REVS currently pays the higher dividend yield.
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