RJVI vs SPY
RJ Eagle Vertical Income 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 | RJVI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.09% | |
| AUM | $17M | $821.1B | |
| Dividend Yield | 3.36% | 1.01% | |
| Holdings | 79 | 505 | |
| YTD Return | +2.69% | +12.71% | |
| 1Y Return | +3.18% | +20.53% | |
| 3Y Return (annualized) | - | +21.60% | |
| 5Y Return (annualized) | - | +12.79% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.1% | -56.5% | |
| Fund Family | Raymond James Financial, Inc. | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 2, 2025 | Jan 22, 1993 |
RJVI vs SPY Performance
RJ Eagle Vertical Income ETF (RJVI) is a ETF from Raymond James Financial, Inc. and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RJVI returned +3.18% while SPY returned +20.53%. Year to date, RJVI is up 2.69% versus a gain of 12.71% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.1% for RJVI 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
RJVI charges 0.51% per year while SPY charges 0.09%. On a $10,000 position that is $51 vs $9 annually, a gap of $42 per year that compounds over a long holding period. On income, RJVI currently yields 3.36% against 1.01% for SPY.
Holdings Overlap
RJVI and SPY share 19 holdings out of 557 unique holdings combined, representing a 5.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RJVI or SPY?
RJVI has an expense ratio of 0.51% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, RJVI or SPY?
Over the past year RJVI returned +3.18% vs +20.53% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between RJVI and SPY?
RJVI and SPY share 19 common holdings with a 5.2% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, RJVI or SPY?
RJVI yields 3.36% while SPY yields 1.01%, so RJVI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.