SPY vs ZECP
State Street SPDR S&P 500 ETF Trust vs Zacks Earnings Consistent Portfolio ETF
Which is better, SPY or ZECP?
Large Cap Blend against All Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.8%.
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 | ZECP |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.55% |
| AUM | $804.7B | $374M |
| Dividend Yield | 0.98% | 0.72% |
| Holdings | 505 | 64 |
| YTD Return | +12.09%Best | +6.85% |
| 1Y Return | +16.29%Best | +11.96% |
| 3Y Return (annualized) | +21.20%Best | +14.82% |
| 5Y Return (annualized) | +13.37%Best | +9.40% |
| Volatility (annualized) | 15.8% | 14.0%Best |
| Max Drawdown | -24.5% | -21.9%Best |
| $10,000 over 5 years | $18,728Best | $15,671 |
| Top 10 Weight | 37.8%Best | 41.8% |
| Fund Family | State Street Investment Management | Zacks |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | Jan 22, 1993 | Aug 23, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 24, 2021 to Sep 18, 2026 (5.1 years).
SPY vs ZECP 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 5.1 years both funds cover.
SPY vs ZECP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Zacks Earnings Consistent Portfolio ETF (ZECP) is an ETF from Zacks. Over the past year SPY returned +16.29% while ZECP returned +11.96%. Year to date, SPY is up 12.09% versus a gain of 6.85% for ZECP.
Over three years, SPY compounded at +21.20% per year against +14.82% for ZECP; over five years the annualized figures are +13.37% and +9.40% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 14.0% for ZECP. 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 -24.5% for SPY and -21.9% for ZECP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while ZECP charges 0.55%. On a $10,000 position that is $9 vs $55 annually, a gap of $46 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.72% for ZECP.
Holdings Overlap
31.7% of SPY's money is in holdings ZECP also owns. 98.3% of ZECP's money is in holdings SPY also owns.
Most of ZECP is already inside SPY. Owning both mostly buys the same companies twice.
59 positions in common, counted across the 504 positions we hold weights for in SPY and 59 in ZECP, against full books of 505 and 64.
What only one of them owns
Measured across the 504 and 59 positions we hold weights for.
SPY holds 438 positions ZECP does not, 67.6% of the fund.
Largest: NVDA 8.01%, AMZN 3.79%, AVGO 2.66%, GOOG 2.39%, META 1.93%
Top Shared Holdings
| Stock | Weight in SPY | Weight in ZECP | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.26% | 8.02% | 0.76% |
| MSFTMicrosoft Corp | 5.66% | 7.47% | 1.81% |
| GOOGLAlphabet Inc,class A | 2.99% | 7.24% | 4.25% |
| JPMJpmorgan Chase | 1.45% | 3.46% | 2.01% |
| CATCaterpillar, Inc. | 0.55% | 3.82% | 3.27% |
| LLYEli Lilly & Co. | 1.40% | 2.74% | 1.34% |
| WMTWalmart, Inc. | 0.71% | 2.56% | 1.85% |
| JNJJohnson & Johnson - Common | 0.99% | 1.94% | 0.95% |
| AXPAmerican Express Co. | 0.26% | 2.40% | 2.14% |
| AMATApplied Materials, Inc. | 0.53% | 1.99% | 1.46% |
98.3% of ZECP 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 ZECP?
SPY has an expense ratio of 0.09% while ZECP charges 0.55%. SPY is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, SPY or ZECP?
Over the past year SPY returned +16.29% vs +11.96% for ZECP, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or ZECP?
SPY has been the more volatile fund at 15.8% annualized versus 14.0% for ZECP. Worst drawdown: SPY -24.5% vs ZECP -21.9%.
Should I hold both SPY and ZECP?
SPY and ZECP have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and ZECP?
98.3% of ZECP's money is in holdings SPY also owns. 98.3% of ZECP's is in holdings SPY also owns. They hold 59 positions in common, counted across the 504 positions we hold weights for in SPY and 59 in ZECP.
Which pays a higher dividend, SPY or ZECP?
SPY yields 0.98% while ZECP yields 0.72%, so SPY currently pays the higher dividend yield.
Is ZECP better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.