SPY vs SRVR
State Street SPDR S&P 500 ETF Trust vs Pacer Data & Infrastructure Real Estate ETF
Which is better, SPY or SRVR?
Large Cap Blend against Mid Cap Growth.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 71.4%.
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 | SPY | SRVR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.49% |
| AUM | $804.7B | $346M |
| Dividend Yield | 0.98% | 2.78% |
| Holdings | 505 | 76 |
| YTD Return | +12.09%Best | +5.01% |
| 1Y Return | +16.29%Best | -3.04% |
| 3Y Return (annualized) | +21.20%Best | +5.41% |
| 5Y Return (annualized) | +13.37%Best | -3.81% |
| Volatility (annualized) | 16.6%Best | 18.9% |
| Max Drawdown | -34.1%Best | -41.0% |
| $10,000 over 5 years | $18,728Best | $8,235 |
| Top 10 Weight | 37.8%Best | 71.4% |
| Fund Family | State Street Investment Management | Pacer ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | Jan 22, 1993 | May 15, 2018 |
Volatility and max drawdown are measured over the window both funds cover: May 16, 2018 to Sep 18, 2026 (8.3 years).
SPY vs SRVR 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 8.3 years both funds cover.
SPY vs SRVR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Pacer Data & Infrastructure Real Estate ETF (SRVR) is an ETF from Pacer ETFs. Over the past year SPY returned +16.29% while SRVR returned -3.04%. Year to date, SPY is up 12.09% versus a gain of 5.01% for SRVR.
Over three years, SPY compounded at +21.20% per year against +5.41% for SRVR; over five years the annualized figures are +13.37% and -3.81% respectively. Across the full 8-year window we track, SPY has the edge at +14.14% annualized vs +3.98%.
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 16.6% 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 -34.1% for SPY and -41.0% for SRVR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
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 0.98% against 2.78% for SRVR.
Holdings Overlap
1.4% of SPY's money is in holdings SRVR also owns. 62.2% of SRVR's money is in holdings SPY also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 504 positions we hold weights for in SPY and 65 in SRVR, against full books of 505 and 76.
What only one of them owns
Our book lists 18 positions for SRVR that do not appear in our book for SPY (13.4% of the fund), and 487 for SPY that do not appear in SRVR (98.0%).
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 SPY | Weight in SRVR | Difference |
|---|---|---|---|
| DLRDigital Realty Trust Inc. | 0.10% | 16.25% | 16.15% |
| EQIXEquinix Inc. Real Estate Investment Trust | 0.15% | 15.99% | 15.84% |
| AMTAmerican Tower Corporation | 0.12% | 15.14% | 15.02% |
| SBACSba Communications Corp. Class A Real Estate Investment Tru | 0.03% | 4.48% | 4.45% |
| IRMIron Mtn Inc New Com Npv | 0.05% | 4.39% | 4.34% |
| CCICrown Castle International Corp | 0.05% | 4.00% | 3.95% |
| VRTVertiv Holdings Co | 0.15% | 0.77% | 0.62% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 0.37% | 0.40% | 0.03% |
| CEGConstellation Energy Corporation Com | 0.14% | 0.55% | 0.41% |
| ETNEaton Corp Plc | 0.23% | 0.21% | 0.02% |
62.2% of SRVR 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, SPY or SRVR?
SPY has an expense ratio of 0.09% while SRVR charges 0.49%. SPY is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, SPY or SRVR?
Over the past year SPY returned +16.29% vs -3.04% for SRVR, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +14.14% vs +3.98% for SRVR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or SRVR?
SRVR has been the more volatile fund at 18.9% annualized versus 16.6% for SPY. Worst drawdown: SPY -34.1% vs SRVR -41.0%.
Should I hold both SPY and SRVR?
SPY and SRVR have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and SRVR?
62.2% of SRVR's money is in holdings SPY also owns. 62.2% of SRVR's is in holdings SPY also owns. They hold 10 positions in common, counted across the 504 positions we hold weights for in SPY and 65 in SRVR.
Which pays a higher dividend, SPY or SRVR?
SPY yields 0.98% while SRVR yields 2.78%, so SRVR currently pays the higher dividend yield.
Is SRVR better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 71.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.