LSVD vs SPY
LSVD vs SPY
LSV Disciplined Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LSVD delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | LSVD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.09% | |
| AUM | $640M | $789.1B | |
| Dividend Yield | 0.28% | 1.01% | |
| Holdings | 132 | 505 | |
| YTD Return | +20.13% | +13.10% | |
| 1Y Return | +37.44% | +22.80% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 13.7% | 15.3% | |
| Max Drawdown | -19.3% | -56.5% | |
| Fund Family | LSV Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2024 | Jan 22, 1993 |
LSVD vs SPY Performance
LSV Disciplined Value ETF (LSVD) is a ETF from LSV Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LSVD returned +37.44% while SPY returned +22.80%. Year to date, LSVD is up 20.13% 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 13.7% for LSVD. 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 -19.3% for LSVD 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LSVD charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, LSVD currently yields 0.28% against 1.01% for SPY.
Holdings Overlap
LSVD and SPY share 88 holdings out of 546 unique holdings combined, representing a 45.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in LSVD | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 6.33% | 7.31% | 0.98% |
| AAPL | 5.03% | 7.09% | 2.06% |
| AMZN | 3.77% | 3.69% | 0.08% |
| GOOGL | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings LSVD 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, LSVD or SPY?
LSVD has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, LSVD or SPY?
Over the past year LSVD returned +37.44% vs +22.80% for SPY, so LSVD leads on 1-year performance. Over the longest common window we track (2 years), LSVD annualized +27.05% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, LSVD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.7% for LSVD. Worst drawdown: LSVD -19.3% vs SPY -56.5%.
Should I hold both LSVD and SPY?
LSVD and SPY have a monthly-return correlation of 0.97, 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 LSVD and SPY?
LSVD and SPY share 88 common holdings with a 45.2% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, LSVD or SPY?
LSVD yields 0.28% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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