ESIX vs SPY
ESIX vs SPY
State Street SPDR S&P SmallCap 600 ESG ETF vs State Street SPDR S&P 500 ETF Trust
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 | ESIX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $8M | $789.1B | |
| Dividend Yield | 1.44% | 1.01% | |
| Holdings | 385 | 505 | |
| YTD Return | +9.97% | +13.28% | |
| 1Y Return | +21.07% | +23.94% | |
| 3Y Return (annualized) | +13.75% | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 20.6% | 15.3% | |
| Max Drawdown | -28.1% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 10, 2022 | Jan 22, 1993 |
ESIX vs SPY Performance
State Street SPDR S&P SmallCap 600 ESG ETF (ESIX) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ESIX returned +21.07% while SPY returned +23.94%. Year to date, ESIX is up 9.97% versus a gain of 13.28% for SPY.
Over three years, ESIX compounded at +13.75% per year against +21.07% for SPY. Across the full 4-year window we track, SPY has the edge at +8.84% annualized vs +4.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ESIX has been the more volatile fund, with annualized monthly volatility of 20.6% 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 -28.1% for ESIX 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ESIX charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, ESIX currently yields 1.44% against 1.01% for SPY.
Holdings Overlap
ESIX and SPY share 0 holdings out of 883 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ESIX or SPY?
ESIX has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, ESIX or SPY?
Over the past year ESIX returned +21.07% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), ESIX annualized +4.96% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, ESIX or SPY?
ESIX has been the more volatile fund at 20.6% annualized versus 15.3% for SPY. Worst drawdown: ESIX -28.1% vs SPY -56.5%.
Should I hold both ESIX and SPY?
ESIX and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ESIX and SPY?
ESIX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 883 unique securities.
Which pays a higher dividend, ESIX or SPY?
ESIX yields 1.44% while SPY yields 1.01%, so ESIX 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.