SPVM vs SPY
Invesco S&P 500 Value with Momentum ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPVM delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPVM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $129M | $789.1B | |
| Dividend Yield | 2.00% | 1.01% | |
| Holdings | 104 | 505 | |
| YTD Return | +14.96% | +13.75% | |
| 1Y Return | +29.29% | +22.91% | |
| 3Y Return (annualized) | +18.38% | +21.67% | |
| 5Y Return (annualized) | +11.50% | +13.32% | |
| Volatility (annualized) | 16.5% | 15.3% | |
| Max Drawdown | -45.9% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2011 | Jan 22, 1993 |
SPVM vs SPY Performance
Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPVM returned +29.29% while SPY returned +22.91%. Year to date, SPVM is up 14.96% versus a gain of 13.75% for SPY.
Over three years, SPVM compounded at +18.38% per year against +21.67% for SPY; over five years the annualized figures are +11.50% and +13.32% respectively. Across the full 15-year window we track, SPVM has the edge at +10.23% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -45.9% for SPVM 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPVM charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, SPVM currently yields 2.00% against 1.01% for SPY.
Holdings Overlap
SPVM and SPY share 97 holdings out of 507 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPVM or SPY?
SPVM has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, SPVM or SPY?
Over the past year SPVM returned +29.29% vs +22.91% for SPY, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), SPVM annualized +10.23% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SPVM or SPY?
SPVM has been the more volatile fund at 16.5% annualized versus 15.3% for SPY. Worst drawdown: SPVM -45.9% vs SPY -56.5%.
Should I hold both SPVM and SPY?
SPVM and SPY have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPVM and SPY?
SPVM and SPY share 97 common holdings with a 9.6% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPVM or SPY?
SPVM yields 2.00% while SPY yields 1.01%, so SPVM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.