MIG vs SPY
MIG vs SPY
VanEck Moody's Analytics IG Corporate Bond 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 | MIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $20M | $789.1B | |
| Dividend Yield | 4.76% | 1.01% | |
| Holdings | 356 | 505 | |
| YTD Return | -2.60% | +13.50% | |
| 1Y Return | -0.86% | +23.56% | |
| 3Y Return (annualized) | +4.52% | +21.17% | |
| 5Y Return (annualized) | -0.28% | +13.46% | |
| Volatility (annualized) | 7.2% | 15.3% | |
| Max Drawdown | -21.0% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 1, 2020 | Jan 22, 1993 |
MIG vs SPY Performance
VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MIG returned -0.86% while SPY returned +23.56%. Year to date, MIG is down 2.60% versus a gain of 13.50% for SPY.
Over three years, MIG compounded at +4.52% per year against +21.17% for SPY; over five years the annualized figures are -0.28% and +13.46% respectively. Across the full 6-year window we track, SPY has the edge at +8.85% annualized vs +0.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.2% for MIG. 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 -21.0% for MIG 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MIG charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, MIG currently yields 4.76% against 1.01% for SPY.
Holdings Overlap
MIG and SPY share 12 holdings out of 801 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MIG | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 0.52% | 7.09% | 6.57% |
| KO | 0.49% | 0.50% | 0.01% |
| MA | 0.26% | 0.66% | 0.40% |
| HD | Pro | Pro | Pro |
| ORCL | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| WMB | Pro | Pro | Pro |
| T | Pro | Pro | Pro |
| EQIX | Pro | Pro | Pro |
See all 10 holdings MIG 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, MIG or SPY?
MIG has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, MIG or SPY?
Over the past year MIG returned -0.86% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), MIG annualized +0.24% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, MIG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.2% for MIG. Worst drawdown: MIG -21.0% vs SPY -56.5%.
Should I hold both MIG and SPY?
MIG and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MIG and SPY?
MIG and SPY share 12 common holdings with a 2.8% weight overlap. Combined, they hold 801 unique securities.
Which pays a higher dividend, MIG or SPY?
MIG yields 4.76% while SPY yields 1.01%, so MIG 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.