SEIQ vs SPY
SEI QiM US Large Cap Quality Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SEIQ or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 42.1%.
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 | SEIQ | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $729M | $804.7B |
| Dividend Yield | 0.63% | 0.98% |
| Holdings | 64 | 505 |
| YTD Return | +5.32% | +11.52%Best |
| 1Y Return | +7.54% | +17.48%Best |
| 3Y Return (annualized) | +13.22% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 13.4%Best | 15.3% |
| Max Drawdown | -14.9%Best | -18.8% |
| $10,000 over 4.3 years | $16,965 | $20,442Best |
| Top 10 Weight | 42.1% | 38.0%Best |
| Fund Family | SEI EXCHANGE TRADED FUNDS | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | 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 10, 2026 (4.3 years).
SEIQ 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.
SEIQ vs SPY Performance
SEI QiM US Large Cap Quality Active ETF (SEIQ) 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 SEIQ returned +7.54% while SPY returned +17.48%. Year to date, SEIQ is up 5.32% versus a gain of 11.52% for SPY.
Over three years, SEIQ compounded at +13.22% per year against +20.62% for SPY. Across the full 4-year window we track, SPY has the edge at +18.09% annualized vs +13.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.4% for SEIQ. 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 -14.9% for SEIQ 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SEIQ 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, SEIQ currently yields 0.63% against 0.98% for SPY.
Holdings Overlap
95.7% of SEIQ's money is in holdings SPY also owns. 41.6% of SPY's money is in holdings SEIQ also owns.
Most of SEIQ is already inside SPY. Owning both mostly buys the same companies twice.
57 positions in common, counted across the 63 positions we hold weights for in SEIQ and 504 in SPY, against full books of 64 and 505.
What only one of them owns
Measured across the 63 and 504 positions we hold weights for.
SPY holds 437 positions SEIQ does not, 58.0% of the fund.
Largest: GOOGL 3.33%, MU 1.51%, JPM 1.44%, BRK.B 1.42%, TSLA 1.38%
Top Shared Holdings
| Stock | Weight in SEIQ | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.15% | 7.71% | 0.56% |
| AAPLApple, Inc | 7.27% | 6.83% | 0.44% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.16% | 5.50% | 1.66% |
| GOOGAlphabet Inc | 2.63% | 2.67% | 0.04% |
| JNJJohnson & Johnson | 3.84% | 0.92% | 2.92% |
| AMZNAmazon.Com Inc | 0.59% | 4.08% | 3.49% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.25% | 0.72% | 2.53% |
| VVisa Inc | 2.98% | 0.92% | 2.06% |
| MAMastercard Inc | 2.75% | 0.69% | 2.06% |
| AVGOBroadcom Inc | 0.34% | 2.97% | 2.63% |
95.7% of SEIQ 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, SEIQ or SPY?
SEIQ 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, SEIQ or SPY?
Over the past year SEIQ returned +7.54% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SEIQ annualized +13.08% vs +18.09% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SEIQ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.4% for SEIQ. Worst drawdown: SEIQ -14.9% vs SPY -18.8%.
Should I hold both SEIQ and SPY?
SEIQ and SPY have a monthly-return correlation of 0.93, 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 SEIQ and SPY?
95.7% of SEIQ's money is in holdings SPY also owns. 41.6% of SPY's is in holdings SEIQ also owns. They hold 57 positions in common, counted across the 63 positions we hold weights for in SEIQ and 504 in SPY.
Which pays a higher dividend, SEIQ or SPY?
SEIQ yields 0.63% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than SEIQ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 42.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.