LSVD vs SPY
LSV Disciplined Value ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LSVD or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. LSVD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. LSVD is less concentrated, with 35.0% 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 | LSVD | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $678M | $823.2B |
| Dividend Yield | 0.27% | 0.99% |
| Holdings | 136 | 1,515 |
| YTD Return | +20.92%Best | +13.53% |
| 1Y Return | +30.07%Best | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 13.3% | 12.3%Best |
| Max Drawdown | -19.3% | -18.8%Best |
| $10,000 over 1.8 years | $14,810Best | $13,384 |
| Top 10 Weight | 35.0%Best | 38.2% |
| Fund Family | LSV Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 17, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 18, 2024 to Oct 14, 2026 (1.8 years).
LSVD 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 1.8 years both funds cover.
LSVD vs SPY Performance
LSV Disciplined Value ETF (LSVD) is an ETF from LSV Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LSVD returned +30.07% while SPY returned +17.47%. Year to date, LSVD is up 20.92% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LSVD has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 12.3% 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 -19.3% for LSVD and -18.8% 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 0.97. 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 0.27% against 0.99% for SPY.
Holdings Overlap
83.4% of LSVD's money is in holdings SPY also owns. 58.6% of SPY's money is in holdings LSVD also owns.
Most of LSVD is already inside SPY. Owning both mostly buys the same companies twice.
91 positions in common, counted across the 135 positions we hold weights for in LSVD and 504 in SPY, against full books of 136 and 1,515.
What only one of them owns
Our book lists 405 positions for SPY that do not appear in our book for LSVD (40.5% of the fund), and 43 for LSVD that do not appear in SPY (16.2%).
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 LSVD | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.81% | 7.78% | 0.97% |
| AAPLApple, Inc | 5.62% | 7.45% | 1.83% |
| MSFTMicrosoft Corp | 3.33% | 5.71% | 2.38% |
| AMZNAmazon.Com Inc | 3.67% | 3.78% | 0.11% |
| GOOGLAlphabet Inc | 3.61% | 3.12% | 0.49% |
| GOOGAlphabet Inc. C | 3.07% | 2.49% | 0.58% |
| METAMeta Platforms Inc | 2.80% | 2.22% | 0.58% |
| MUMicron Technology, Inc. | 2.21% | 1.59% | 0.62% |
| AVGOBroadcom Inc | 1.07% | 2.48% | 1.41% |
| JPMJpmorgan Chase | 1.57% | 1.43% | 0.14% |
83.4% of LSVD is already inside SPY.
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, LSVD or SPY?
LSVD has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, LSVD or SPY?
Over the past year LSVD returned +30.07% vs +17.47% for SPY, so LSVD leads on 1-year performance. Over the longest common window we track (2 years), LSVD annualized +24.38% vs +17.58% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LSVD or SPY?
LSVD has been the more volatile fund at 13.3% annualized versus 12.3% for SPY. Worst drawdown: LSVD -19.3% vs SPY -18.8%.
Should I hold both LSVD and SPY?
LSVD and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LSVD and SPY?
83.4% of LSVD's money is in holdings SPY also owns. 58.6% of SPY's is in holdings LSVD also owns. They hold 91 positions in common, counted across the 135 positions we hold weights for in LSVD and 504 in SPY.
Which pays a higher dividend, LSVD or SPY?
LSVD yields 0.27% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than LSVD?
SPY has a lower expense ratio. LSVD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. LSVD is less concentrated, with 35.0% 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.