IGA vs SPY
IGA vs SPY
Voya Global Advantage and Premium Opportunity Fund 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 | IGA | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.09% | |
| AUM | $157M | $789.1B | |
| Dividend Yield | 9.62% | 1.01% | |
| Holdings | 516 | 505 | |
| YTD Return | +9.65% | +13.28% | |
| 1Y Return | +16.41% | +23.94% | |
| 3Y Return (annualized) | +18.12% | +21.07% | |
| 5Y Return (annualized) | +10.73% | +13.27% | |
| Volatility (annualized) | 16.0% | 15.3% | |
| Max Drawdown | -72.2% | -56.5% | |
| Fund Family | Voya Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 26, 2005 | Jan 22, 1993 |
IGA vs SPY Performance
Voya Global Advantage and Premium Opportunity Fund (IGA) is a ETF from Voya Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IGA returned +16.41% while SPY returned +23.94%. Year to date, IGA is up 9.65% versus a gain of 13.28% for SPY.
Over three years, IGA compounded at +18.12% per year against +21.07% for SPY; over five years the annualized figures are +10.73% and +13.27% respectively. Across the full 21-year window we track, SPY has the edge at +8.84% annualized vs -0.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IGA has been the more volatile fund, with annualized monthly volatility of 16.0% 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 -72.2% for IGA 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGA charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, IGA currently yields 9.62% against 1.01% for SPY.
Holdings Overlap
IGA and SPY share 92 holdings out of 648 unique holdings combined, representing a 18.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IGA | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 0.09% | 7.31% | 7.22% |
| GOOGL | 3.14% | 3.32% | 0.18% |
| MSFT | 0.41% | 4.43% | 4.02% |
| META | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings IGA 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, IGA or SPY?
IGA has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, IGA or SPY?
Over the past year IGA returned +16.41% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), IGA annualized -0.74% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IGA or SPY?
IGA has been the more volatile fund at 16.0% annualized versus 15.3% for SPY. Worst drawdown: IGA -72.2% vs SPY -56.5%.
Should I hold both IGA and SPY?
IGA and SPY have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGA and SPY?
IGA and SPY share 92 common holdings with a 18.4% weight overlap. Combined, they hold 648 unique securities.
Which pays a higher dividend, IGA or SPY?
IGA yields 9.62% while SPY yields 1.01%, so IGA currently pays the higher dividend yield.
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