SEIX vs SPY
Virtus Seix Senior Loan ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SEIX or SPY?
Bank Loan against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | SEIX | SPY |
|---|---|---|
| Expense Ratio | 0.57% | 0.09%Best |
| AUM | $252M | $804.7B |
| Dividend Yield | 7.06% | 0.98% |
| Holdings | 226 | 505 |
| YTD Return | +4.36% | +11.45%Best |
| 1Y Return | +5.63% | +15.87%Best |
| 3Y Return (annualized) | +6.98% | +20.93%Best |
| 5Y Return (annualized) | +5.92% | +12.59%Best |
| Volatility (annualized) | 5.0%Best | 16.6% |
| Max Drawdown | -18.2%Best | -34.1% |
| $10,000 over 5 years | $13,332 | $18,093Best |
| Fund Family | Virtus Investment Partners | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Blend |
| Inception | Apr 23, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 25, 2019 to Sep 15, 2026 (7.4 years).
SEIX 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 7.4 years both funds cover.
SEIX vs SPY Performance
Virtus Seix Senior Loan ETF (SEIX) is an ETF from Virtus Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SEIX returned +5.63% while SPY returned +15.87%. Year to date, SEIX is up 4.36% versus a gain of 11.45% for SPY.
Over three years, SEIX compounded at +6.98% per year against +20.93% for SPY; over five years the annualized figures are +5.92% and +12.59% respectively. Across the full 7-year window we track, SPY has the edge at +14.91% annualized vs +4.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 5.0% for SEIX. 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 SEIX and -34.1% 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SEIX charges 0.57% per year while SPY charges 0.09%. On a $10,000 position that is $57 vs $9 annually, a gap of $48 per year that compounds over a long holding period. On income, SEIX currently yields 7.06% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in SEIX and 504 in SPY, totalling 0.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in SEIX and 504 in SPY, against full books of 226 and 505.
You are not choosing between two funds in isolation.
Whichever of SEIX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SEIX or SPY?
SEIX has an expense ratio of 0.57% while SPY charges 0.09%. SPY is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, SEIX or SPY?
Over the past year SEIX returned +5.63% vs +15.87% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), SEIX annualized +4.27% vs +14.91% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SEIX or SPY?
SPY has been the more volatile fund at 16.6% annualized versus 5.0% for SEIX. Worst drawdown: SEIX -18.2% vs SPY -34.1%.
Should I hold both SEIX and SPY?
SEIX and SPY have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SEIX or SPY?
SEIX yields 7.06% while SPY yields 0.98%, so SEIX currently pays the higher dividend yield.
Is SPY better than SEIX?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.