EBI vs SPY
Longview Advantage ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EBI or SPY?
EBI has been ahead.
SPY has a lower expense ratio. EBI led over 1Y and the full window. EBI is less concentrated, with 26.6% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EBI | SPY |
|---|---|---|
| Expense Ratio | 0.24% | 0.09%Best |
| AUM | $692M | $823.2B |
| Dividend Yield | 1.11% | 0.99% |
| Holdings | 1,721 | 1,515 |
| YTD Return | +16.81%Best | +13.53% |
| 1Y Return | +23.58%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 11.6%Best | 12.8% |
| Max Drawdown | -17.1% | -16.2%Best |
| $10,000 over 1.6 years | $13,642Best | $13,350 |
| Top 10 Weight | 26.6%Best | 38.2% |
| Fund Family | Longview Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 25, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 27, 2025 to Oct 14, 2026 (1.6 years).
EBI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
EBI vs SPY Performance
Longview Advantage ETF (EBI) is an ETF from Longview Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EBI returned +23.58% while SPY returned +17.47%. Year to date, EBI is up 16.81% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.6% for EBI. 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 -17.1% for EBI and -16.2% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EBI charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period. On income, EBI currently yields 1.11% against 0.99% for SPY.
Holdings Overlap
70.9% of EBI's money is in holdings SPY also owns. 91.2% of SPY's money is in holdings EBI also owns.
Most of SPY is already inside EBI. Owning both mostly buys the same companies twice.
416 positions in common, counted across the 1,747 positions we hold weights for in EBI and 504 in SPY, against full books of 1,721 and 1,515.
What only one of them owns
Our book lists 82 positions for SPY that do not appear in our book for EBI (8.0% of the fund), and 591 for EBI that do not appear in SPY (26.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EBI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.96% | 7.78% | 2.82% |
| AAPLApple, Inc | 5.11% | 7.45% | 2.34% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.69% | 5.71% | 1.02% |
| AMZNAmazon.Com Inc | 1.80% | 3.78% | 1.98% |
| GOOGLAlphabet Inc Cap Stk Cl A | 2.29% | 3.12% | 0.83% |
| MUMicron Technology, Inc. | 2.85% | 1.59% | 1.26% |
| AVGOBroadcom Inc | 1.67% | 2.48% | 0.81% |
| METAMeta Platform Inc | 1.27% | 2.22% | 0.95% |
| GOOGAlphabet Inc Class C | 0.78% | 2.49% | 1.71% |
| JPMJpmorgan Chase | 0.96% | 1.43% | 0.47% |
91.2% of SPY is already inside EBI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EBI or SPY?
EBI has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, EBI or SPY?
Over the past year EBI returned +23.58% vs +17.47% for SPY, so EBI leads on 1-year performance. Over the longest common window we track (2 years), EBI annualized +21.42% vs +19.79% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EBI or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 11.6% for EBI. Worst drawdown: EBI -17.1% vs SPY -16.2%.
Should I hold both EBI and SPY?
EBI and SPY have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EBI and SPY?
91.2% of SPY's money is in holdings EBI also owns. 91.2% of SPY's is in holdings EBI also owns. They hold 416 positions in common, counted across the 1,747 positions we hold weights for in EBI and 504 in SPY.
Which pays a higher dividend, EBI or SPY?
EBI yields 1.11% while SPY yields 0.99%, so EBI currently pays the higher dividend yield.
Is SPY better than EBI?
SPY has a lower expense ratio. EBI led over 1Y and the full window. EBI is less concentrated, with 26.6% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.