PRXV vs SPY
PRXV vs SPY
Praxis Impact Large Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PRXV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PRXV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $77M | $789.1B | |
| Dividend Yield | 1.54% | 1.01% | |
| Holdings | 267 | 505 | |
| YTD Return | +17.92% | +13.28% | |
| 1Y Return | +26.62% | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 8.7% | 15.3% | |
| Max Drawdown | -6.7% | -56.5% | |
| Fund Family | Praxis Mutual Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2025 | Jan 22, 1993 |
PRXV vs SPY Performance
Praxis Impact Large Cap Value ETF (PRXV) is a ETF from Praxis Mutual Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PRXV returned +26.62% while SPY returned +23.94%. Year to date, PRXV is up 17.92% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.7% for PRXV. 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 -6.7% for PRXV 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PRXV charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, PRXV currently yields 1.54% against 1.01% for SPY.
Holdings Overlap
PRXV and SPY share 251 holdings out of 517 unique holdings combined, representing a 34.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PRXV | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 0.35% | 7.09% | 6.74% |
| NVDA | 0.07% | 7.31% | 7.24% |
| MSFT | 0.54% | 4.43% | 3.89% |
| JPM | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
See all 10 holdings PRXV 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, PRXV or SPY?
PRXV has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, PRXV or SPY?
Over the past year PRXV returned +26.62% vs +23.94% for SPY, so PRXV leads on 1-year performance. Over the longest common window we track (1 years), PRXV annualized +34.49% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, PRXV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.7% for PRXV. Worst drawdown: PRXV -6.7% vs SPY -56.5%.
Should I hold both PRXV and SPY?
PRXV and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PRXV and SPY?
PRXV and SPY share 251 common holdings with a 34.8% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, PRXV or SPY?
PRXV yields 1.54% while SPY yields 1.01%, so PRXV currently pays the higher dividend yield.
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