SEIM vs SPY
SEI QiM US Large Cap Momentum Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SEIM or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SEIM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SEIM is less concentrated, with 35.1% 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 | SEIM | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $1.5B | $804.7B |
| Dividend Yield | 0.42% | 0.98% |
| Holdings | 75 | 505 |
| YTD Return | +13.69%Best | +11.97% |
| 1Y Return | +18.92%Best | +16.40% |
| 3Y Return (annualized) | +27.93%Best | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 18.0% | 15.3%Best |
| Max Drawdown | -22.2% | -18.8%Best |
| $10,000 over 4.3 years | $21,691Best | $20,486 |
| Top 10 Weight | 35.1%Best | 37.8% |
| Fund Family | SEI EXCHANGE TRADED FUNDS | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 18, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: May 18, 2022 to Sep 14, 2026 (4.3 years).
SEIM 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 covers the 4.3 years both funds cover.
SEIM vs SPY Performance
SEI QiM US Large Cap Momentum Active ETF (SEIM) is an ETF from SEI EXCHANGE TRADED FUNDS and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SEIM returned +18.92% while SPY returned +16.40%. Year to date, SEIM is up 13.69% versus a gain of 11.97% for SPY.
Over three years, SEIM compounded at +27.93% per year against +21.10% for SPY. Across the full 4-year window we track, SEIM has the edge at +19.73% annualized vs +18.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SEIM has been the more volatile fund, with annualized monthly volatility of 18.0% 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 -22.2% for SEIM and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SEIM charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, SEIM currently yields 0.42% against 0.98% for SPY.
Holdings Overlap
86.3% of SEIM's money is in holdings SPY also owns. 42.8% of SPY's money is in holdings SEIM also owns.
Most of SEIM is already inside SPY. Owning both mostly buys the same companies twice.
58 positions in common, counted across the 76 positions we hold weights for in SEIM and 504 in SPY, against full books of 75 and 505.
What only one of them owns
Our book lists 439 positions for SPY that do not appear in our book for SEIM (56.5% of the fund), and 15 for SEIM that do not appear in SPY (10.9%).
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 SEIM | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.27% | 8.01% | 1.74% |
| AAPLApple, Inc | 3.32% | 7.26% | 3.94% |
| GOOGLAlphabet Inc,class A | 5.95% | 2.99% | 2.96% |
| MSFTMicrosoft Corp | 2.85% | 5.66% | 2.81% |
| AMZNAmazon.Com Inc | 1.20% | 3.79% | 2.59% |
| VVisa Inc Class A | 3.28% | 0.94% | 2.34% |
| MUMicron Technology, Inc. | 2.58% | 1.60% | 0.98% |
| JNJJohnson & Johnson - Common | 2.72% | 0.99% | 1.73% |
| LRCXLrcx Uw Equity | 2.81% | 0.55% | 2.26% |
| BKBank Of New York Mellon Corp | 2.85% | 0.17% | 2.68% |
86.3% of SEIM is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SEIM or SPY?
SEIM has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SEIM or SPY?
Over the past year SEIM returned +18.92% vs +16.40% for SPY, so SEIM leads on 1-year performance. Over the longest common window we track (4 years), SEIM annualized +19.73% vs +18.15% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SEIM or SPY?
SEIM has been the more volatile fund at 18.0% annualized versus 15.3% for SPY. Worst drawdown: SEIM -22.2% vs SPY -18.8%.
Should I hold both SEIM and SPY?
SEIM and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SEIM and SPY?
86.3% of SEIM's money is in holdings SPY also owns. 42.8% of SPY's is in holdings SEIM also owns. They hold 58 positions in common, counted across the 76 positions we hold weights for in SEIM and 504 in SPY.
Which pays a higher dividend, SEIM or SPY?
SEIM yields 0.42% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SEIM?
SPY has a lower expense ratio. SEIM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SEIM is less concentrated, with 35.1% 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.