POWA vs SPYM
Invesco Bloomberg Pricing Power ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, POWA or SPYM?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 39.0%.
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 | POWA | SPYM |
|---|---|---|
| Expense Ratio | 0.40% | 0.02%Best |
| AUM | $162M | $185.2B |
| Dividend Yield | 0.98% | 1.01% |
| Holdings | 106 | 509 |
| YTD Return | -0.75% | +13.57%Best |
| 1Y Return | -0.04% | +17.53%Best |
| 3Y Return (annualized) | +10.97% | +22.46%Best |
| 5Y Return (annualized) | +6.65% | +13.29%Best |
| Volatility (annualized) | 13.1%Best | 14.7% |
| Max Drawdown | -36.5% | -34.3%Best |
| $10,000 over 5 years | $13,798 | $18,662Best |
| Top 10 Weight | 22.9%Best | 39.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2006 | Nov 8, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Oct 14, 2026 (12.7 years).
POWA vs SPYM 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 12.7 years both funds cover.
POWA vs SPYM Performance
Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US) and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year POWA returned -0.04% while SPYM returned +17.53%. Year to date, POWA is down 0.75% versus a gain of 13.57% for SPYM.
Over three years, POWA compounded at +10.97% per year against +22.46% for SPYM; over five years the annualized figures are +6.65% and +13.29% respectively. Across the full 13-year window we track, SPYM has the edge at +12.62% annualized vs +9.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 13.1% for POWA. 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 -36.5% for POWA and -34.3% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
POWA charges 0.40% per year while SPYM charges 0.02%. On a $10,000 position that is $40 vs $2 annually, a gap of $38 per year that compounds over a long holding period. On income, POWA currently yields 0.98% against 1.01% for SPYM.
Holdings Overlap
85.9% of POWA's money is in holdings SPYM also owns. 11.0% of SPYM's money is in holdings POWA also owns.
Most of POWA is already inside SPYM. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 51 positions we hold weights for in POWA and 505 in SPYM, against full books of 106 and 509.
What only one of them owns
Our book lists 455 positions for SPYM that do not appear in our book for POWA (88.3% of the fund), and 8 for POWA that do not appear in SPYM (14.1%).
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 POWA | Weight in SPYM | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 2.26% | 5.76% | 3.50% |
| KLACKla-tencor | 2.34% | 0.41% | 1.93% |
| KEYSKeysight Technologies Inc. | 2.55% | 0.10% | 2.45% |
| COSTCostco Wholesale Corp. | 2.04% | 0.61% | 1.43% |
| WMTWalmart, Inc. | 1.93% | 0.70% | 1.23% |
| MCKMckesson Corp. | 2.24% | 0.16% | 2.08% |
| NXPINxp Semiconductors Nv Sedol B505Pn7 | 2.29% | 0.09% | 2.20% |
| ISRGIntuitive Surgical Inc. | 2.09% | 0.21% | 1.88% |
| AMEAmetek Inc | 2.19% | 0.09% | 2.10% |
| PWRQuanta Services Inc | 2.12% | 0.15% | 1.97% |
85.9% of POWA is already inside SPYM.
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, POWA or SPYM?
POWA has an expense ratio of 0.40% while SPYM charges 0.02%. SPYM is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, POWA or SPYM?
Over the past year POWA returned -0.04% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (13 years), POWA annualized +9.49% vs +12.62% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, POWA or SPYM?
SPYM has been the more volatile fund at 14.7% annualized versus 13.1% for POWA. Worst drawdown: POWA -36.5% vs SPYM -34.3%.
Should I hold both POWA and SPYM?
POWA and SPYM have a monthly-return correlation of 0.87, 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 POWA and SPYM?
85.9% of POWA's money is in holdings SPYM also owns. 11.0% of SPYM's is in holdings POWA also owns. They hold 43 positions in common, counted across the 51 positions we hold weights for in POWA and 505 in SPYM.
Which pays a higher dividend, POWA or SPYM?
POWA yields 0.98% while SPYM yields 1.01%, so SPYM currently pays the higher dividend yield.
Is SPYM better than POWA?
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 39.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.