ENDW vs SPY
ENDW vs SPY
Cambria Endowment Style ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ENDW delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ENDW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.09% | |
| AUM | $147M | $789.1B | |
| Dividend Yield | 2.50% | 1.01% | |
| Holdings | 73 | 505 | |
| YTD Return | +12.57% | +13.28% | |
| 1Y Return | +24.27% | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 8.6% | 15.3% | |
| Max Drawdown | -6.4% | -56.5% | |
| Fund Family | Cambria Investment Management | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 10, 2025 | Jan 22, 1993 |
ENDW vs SPY Performance
Cambria Endowment Style ETF (ENDW) is a ETF from Cambria Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ENDW returned +24.27% while SPY returned +23.94%. Year to date, ENDW is up 12.57% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.6% for ENDW. 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 -6.4% for ENDW 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ENDW charges 0.22% per year while SPY charges 0.09%. On a $10,000 position that is $22 vs $9 annually, a gap of $13 per year that compounds over a long holding period. On income, ENDW currently yields 2.50% against 1.01% for SPY.
Holdings Overlap
ENDW and SPY share 44 holdings out of 530 unique holdings combined, representing a 14.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ENDW | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 0.94% | 7.31% | 6.37% |
| AAPL | 1.10% | 7.09% | 5.99% |
| MSFT | 0.66% | 4.43% | 3.77% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings ENDW shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ENDW or SPY?
ENDW has an expense ratio of 0.22% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, ENDW or SPY?
Over the past year ENDW returned +24.27% vs +23.94% for SPY, so ENDW leads on 1-year performance. Over the longest common window we track (1 years), ENDW annualized +34.77% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, ENDW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.6% for ENDW. Worst drawdown: ENDW -6.4% vs SPY -56.5%.
Should I hold both ENDW and SPY?
ENDW and SPY have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ENDW and SPY?
ENDW and SPY share 44 common holdings with a 14.6% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, ENDW or SPY?
ENDW yields 2.50% while SPY yields 1.01%, so ENDW 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.