SEIV vs SPY
SEI QiM US Large Cap Value Active ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SEIV or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SEIV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SEIV is less concentrated, with 25.4% 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 | SEIV | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $1.5B | $804.7B |
| Dividend Yield | 1.05% | 0.98% |
| Holdings | 124 | 505 |
| YTD Return | +20.01%Best | +10.96% |
| 1Y Return | +30.95%Best | +15.52% |
| 3Y Return (annualized) | +26.57%Best | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 16.3% | 15.3%Best |
| Max Drawdown | -18.2%Best | -18.8% |
| $10,000 over 4.3 years | $21,450Best | $20,286 |
| Top 10 Weight | 25.4%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 16, 2026 (4.3 years).
SEIV 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.
SEIV vs SPY Performance
SEI QiM US Large Cap Value Active ETF (SEIV) 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 SEIV returned +30.95% while SPY returned +15.52%. Year to date, SEIV is up 20.01% versus a gain of 10.96% for SPY.
Over three years, SEIV compounded at +26.57% per year against +20.73% for SPY. Across the full 4-year window we track, SEIV has the edge at +19.42% annualized vs +17.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SEIV has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -18.2% for SEIV 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
SEIV 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, SEIV currently yields 1.05% against 0.98% for SPY.
Holdings Overlap
71.5% of SEIV's money is in holdings SPY also owns. 36.3% of SPY's money is in holdings SEIV also owns.
Most of SEIV is already inside SPY. Owning both mostly buys the same companies twice.
65 positions in common, counted across the 123 positions we hold weights for in SEIV and 504 in SPY, against full books of 124 and 505.
What only one of them owns
Our book lists 432 positions for SPY that do not appear in our book for SEIV (63.0% of the fund), and 55 for SEIV that do not appear in SPY (25.8%).
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 SEIV | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.74% | 8.01% | 4.27% |
| AAPLApple, Inc | 2.96% | 7.26% | 4.30% |
| MSFTMicrosoft Corp | 2.17% | 5.66% | 3.49% |
| GOOGAlphabet Inc | 2.46% | 2.39% | 0.07% |
| AMZNAmazon.Com Inc | 0.39% | 3.79% | 3.40% |
| MUMicron Technology, Inc. | 2.45% | 1.60% | 0.85% |
| VZVerizon Communic | 2.53% | 0.32% | 2.21% |
| GMGeneral Motors Co | 2.40% | 0.12% | 2.28% |
| CCitigroup Inc. | 2.15% | 0.34% | 1.81% |
| CAHCardinal Health Inc. | 2.33% | 0.09% | 2.24% |
71.5% of SEIV 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, SEIV or SPY?
SEIV 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, SEIV or SPY?
Over the past year SEIV returned +30.95% vs +15.52% for SPY, so SEIV leads on 1-year performance. Over the longest common window we track (4 years), SEIV annualized +19.42% vs +17.88% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SEIV or SPY?
SEIV has been the more volatile fund at 16.3% annualized versus 15.3% for SPY. Worst drawdown: SEIV -18.2% vs SPY -18.8%.
Should I hold both SEIV and SPY?
SEIV 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 SEIV and SPY?
71.5% of SEIV's money is in holdings SPY also owns. 36.3% of SPY's is in holdings SEIV also owns. They hold 65 positions in common, counted across the 123 positions we hold weights for in SEIV and 504 in SPY.
Which pays a higher dividend, SEIV or SPY?
SEIV yields 1.05% while SPY yields 0.98%, so SEIV currently pays the higher dividend yield.
Is SPY better than SEIV?
SPY has a lower expense ratio. SEIV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. SEIV is less concentrated, with 25.4% 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.