SPY vs TIIV
State Street SPDR S&P 500 ETF Trust vs AAM Todd International Intrinsic Value ETF
Quick Verdict
SPY has a lower expense ratio. TIIV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TIIV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.54% | |
| AUM | $821.1B | $33M | |
| Dividend Yield | 1.01% | 3.11% | |
| Holdings | 505 | 69 | |
| YTD Return | +12.68% | +13.48% | |
| 1Y Return | +21.82% | +24.79% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 11.4% | |
| Max Drawdown | -56.5% | -9.7% | |
| Fund Family | State Street Investment Management | Advisors Asset Management, Inc. | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jul 25, 2025 |
SPY vs TIIV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and AAM Todd International Intrinsic Value ETF (TIIV) is a ETF from Advisors Asset Management, Inc.. Over the past year SPY returned +21.82% while TIIV returned +24.79%. Year to date, SPY is up 12.68% versus a gain of 13.48% for TIIV.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.4% for TIIV. 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 -9.7% for TIIV. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TIIV charges 0.54%. On a $10,000 position that is $9 vs $54 annually, a gap of $45 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 3.11% for TIIV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SPY or TIIV?
SPY has an expense ratio of 0.09% while TIIV charges 0.54%. SPY is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, SPY or TIIV?
Over the past year SPY returned +21.82% vs +24.79% for TIIV, so TIIV leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.81% vs +24.78% for TIIV. Past performance does not guarantee future results.
Which is riskier, SPY or TIIV?
SPY has been the more volatile fund at 15.3% annualized versus 11.4% for TIIV. Worst drawdown: SPY -56.5% vs TIIV -9.7%.
Should I hold both SPY and TIIV?
SPY and TIIV have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TIIV?
SPY and TIIV share 2 common holdings with a 0.3% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, SPY or TIIV?
SPY yields 1.01% while TIIV yields 3.11%, so TIIV currently pays the higher dividend yield.
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