SOVF vs SPY
SOVF vs SPY
Sovereigns Capital Flourish Fund 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 503 holdings.
Side-by-Side Comparison
| Metric | SOVF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $96M | $789.1B | |
| Dividend Yield | 0.76% | 1.01% | |
| Holdings | 77 | 505 | |
| YTD Return | +10.17% | +13.79% | |
| 1Y Return | +9.14% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 16.9% | 15.3% | |
| Max Drawdown | -21.7% | -56.5% | |
| Fund Family | Sovereign's Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 2, 2023 | Jan 22, 1993 |
SOVF vs SPY Performance
Sovereigns Capital Flourish Fund (SOVF) is a ETF from Sovereign's Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SOVF returned +9.14% while SPY returned +23.66%. Year to date, SOVF is up 10.17% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SOVF has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -21.7% for SOVF and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SOVF charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, SOVF currently yields 0.76% against 1.01% for SPY.
Holdings Overlap
SOVF and SPY share 34 holdings out of 546 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SOVF | Weight in SPY | Difference |
|---|---|---|---|
| VST | 3.47% | 0.08% | 3.39% |
| FISV | 3.42% | 0.04% | 3.38% |
| PGR | 2.62% | 0.21% | 2.41% |
| CSCO | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
| AJG | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| FIS | Pro | Pro | Pro |
| CBRE | Pro | Pro | Pro |
| RJF | Pro | Pro | Pro |
See all 10 holdings SOVF shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SOVF or SPY?
SOVF has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, SOVF or SPY?
Over the past year SOVF returned +9.14% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SOVF annualized +10.51% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SOVF or SPY?
SOVF has been the more volatile fund at 16.9% annualized versus 15.3% for SPY. Worst drawdown: SOVF -21.7% vs SPY -56.5%.
Should I hold both SOVF and SPY?
SOVF and SPY have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SOVF and SPY?
SOVF and SPY share 34 common holdings with a 4.6% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, SOVF or SPY?
SOVF yields 0.76% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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