SEIV vs SPY
SEIV vs SPY
SEI QiM US Large Cap Value Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SEIV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SEIV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $1.5B | $789.1B | |
| Dividend Yield | 1.00% | 1.01% | |
| Holdings | 128 | 505 | |
| YTD Return | +21.02% | +13.79% | |
| 1Y Return | +41.19% | +23.66% | |
| 3Y Return (annualized) | +25.61% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 16.4% | 15.3% | |
| Max Drawdown | -18.2% | -56.5% | |
| Fund Family | SEI EXCHANGE TRADED FUNDS | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 18, 2022 | Jan 22, 1993 |
SEIV vs SPY Performance
SEI QiM US Large Cap Value Active ETF (SEIV) is a ETF from SEI EXCHANGE TRADED FUNDS and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SEIV returned +41.19% while SPY returned +23.66%. Year to date, SEIV is up 21.02% versus a gain of 13.79% for SPY.
Over three years, SEIV compounded at +25.61% per year against +21.40% for SPY. Across the full 4-year window we track, SEIV has the edge at +20.21% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SEIV has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -18.2% for SEIV 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
SEIV charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, SEIV currently yields 1.00% against 1.01% for SPY.
Holdings Overlap
SEIV and SPY share 65 holdings out of 561 unique holdings combined, representing a 18.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SEIV | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 3.39% | 7.31% | 3.92% |
| AAPL | 3.22% | 7.09% | 3.87% |
| MSFT | 1.71% | 4.43% | 2.72% |
| GOOG | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| GM | Pro | Pro | Pro |
| C | Pro | Pro | Pro |
| CAH | Pro | Pro | Pro |
See all 10 holdings SEIV 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, SEIV or SPY?
SEIV has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SEIV or SPY?
Over the past year SEIV returned +41.19% vs +23.66% for SPY, so SEIV leads on 1-year performance. Over the longest common window we track (4 years), SEIV annualized +20.21% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SEIV or SPY?
SEIV has been the more volatile fund at 16.4% annualized versus 15.3% for SPY. Worst drawdown: SEIV -18.2% vs SPY -56.5%.
Should I hold both SEIV and SPY?
SEIV 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 SEIV and SPY?
SEIV and SPY share 65 common holdings with a 18.2% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, SEIV or SPY?
SEIV yields 1.00% while SPY yields 1.01%, so SPY 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.