SPY vs SRVR
State Street SPDR S&P 500 ETF Trust vs Pacer Data & Infrastructure Real Estate ETF
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 | SPY | SRVR | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.49% | |
| AUM | $789.1B | $376M | |
| Dividend Yield | 1.01% | 2.74% | |
| Holdings | 505 | 71 | |
| YTD Return | +13.79% | +10.58% | |
| 1Y Return | +23.66% | +3.26% | |
| 3Y Return (annualized) | +21.40% | +5.88% | |
| 5Y Return (annualized) | +13.37% | -2.70% | |
| Volatility (annualized) | 15.3% | 18.9% | |
| Max Drawdown | -56.5% | -41.0% | |
| Fund Family | State Street Investment Management | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | May 15, 2018 |
SPY vs SRVR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Pacer Data & Infrastructure Real Estate ETF (SRVR) is a ETF from Pacer ETFs. Over the past year SPY returned +23.66% while SRVR returned +3.26%. Year to date, SPY is up 13.79% versus a gain of 10.58% for SRVR.
Over three years, SPY compounded at +21.40% per year against +5.88% for SRVR; over five years the annualized figures are +13.37% and -2.70% respectively. Across the full 8-year window we track, SPY has the edge at +8.85% annualized vs +4.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SRVR has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -56.5% for SPY and -41.0% for SRVR. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while SRVR charges 0.49%. On a $10,000 position that is $9 vs $49 annually, a gap of $40 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.74% for SRVR.
Holdings Overlap
SPY and SRVR share 12 holdings out of 557 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or SRVR?
SPY has an expense ratio of 0.09% while SRVR charges 0.49%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, SPY or SRVR?
Over the past year SPY returned +23.66% vs +3.26% for SRVR, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +8.85% vs +4.69% for SRVR. Past performance does not guarantee future results.
Which is riskier, SPY or SRVR?
SRVR has been the more volatile fund at 18.9% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs SRVR -41.0%.
Should I hold both SPY and SRVR?
SPY and SRVR have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and SRVR?
SPY and SRVR share 12 common holdings with a 1.8% weight overlap. Combined, they hold 557 unique securities.
Which pays a higher dividend, SPY or SRVR?
SPY yields 1.01% while SRVR yields 2.74%, so SRVR currently pays the higher dividend yield.
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