ESUM vs SPY
ESUM vs SPY
Eventide US Market 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 | ESUM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $183M | $789.1B | |
| Dividend Yield | 0.97% | 1.01% | |
| Holdings | 198 | 505 | |
| YTD Return | +14.41% | +13.10% | |
| 1Y Return | +18.05% | +22.80% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 11.7% | 15.3% | |
| Max Drawdown | -17.7% | -56.5% | |
| Fund Family | Eventide | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2024 | Jan 22, 1993 |
ESUM vs SPY Performance
Eventide US Market ETF (ESUM) is a ETF from Eventide and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ESUM returned +18.05% while SPY returned +22.80%. Year to date, ESUM is up 14.41% versus a gain of 13.10% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.7% for ESUM. 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 -17.7% for ESUM 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ESUM charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, ESUM currently yields 0.97% against 1.01% for SPY.
Holdings Overlap
ESUM and SPY share 133 holdings out of 567 unique holdings combined, representing a 29.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ESUM | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 7.16% | 7.31% | 0.15% |
| AVGO | 3.16% | 2.73% | 0.43% |
| MU | 1.37% | 1.71% | 0.34% |
| XOM | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| LIN:IE | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| ADP | Pro | Pro | Pro |
See all 10 holdings ESUM 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, ESUM or SPY?
ESUM has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, ESUM or SPY?
Over the past year ESUM returned +18.05% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), ESUM annualized +16.66% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, ESUM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.7% for ESUM. Worst drawdown: ESUM -17.7% vs SPY -56.5%.
Should I hold both ESUM and SPY?
ESUM and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ESUM and SPY?
ESUM and SPY share 133 common holdings with a 29.6% weight overlap. Combined, they hold 567 unique securities.
Which pays a higher dividend, ESUM or SPY?
ESUM yields 0.97% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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