EFIV vs. SPY
EFIV (State Street SPDR S&P 500 ESG ETF) and SPY (State Street SPDR S&P 500 ETF) are both S&P 500 funds from State Street - EFIV tracks the S&P 500 Scored & Screened Index while SPY tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, EFIV returned 13.59%/yr vs 12.76%/yr for SPY. Their 0.98 correlation means they have historically moved very closely together. EFIV charges 0.10%/yr vs 0.09%/yr for SPY.
Performance
EFIV vs. SPY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EFIV having a 10.48% return and SPY slightly lower at 10.13%.
EFIV
- 1D
- 1.10%
- 1M
- 0.50%
- 6M
- 8.51%
- YTD
- 10.48%
- 1Y
- 24.02%
- 3Y*
- 19.30%
- 5Y*
- 13.59%
- 10Y*
- —
- ALL TIME*
- 17.34%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.53M | $6.41M | $3.64M | |
| $37.27B | $35.99B | $39.23B |
EFIV vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EFIV State Street SPDR S&P 500 ESG ETF | 10.48% | 18.47% | 23.80% | 27.92% | -17.76% | 31.70% | 16.38% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 16.63% |
Correlation
The correlation between EFIV and SPY is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2020 | 0.98 |
The correlation between EFIV and SPY has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
EFIV vs. SPY — Risk / Return Rank
EFIV
SPY
EFIV vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ESG ETF (EFIV) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EFIV | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.20 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.30 | 9.40 | +0.90 |
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Drawdowns
EFIV vs. SPY - Drawdown Comparison
The maximum EFIV drawdown since its inception was -24.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EFIV and SPY.
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Drawdown Indicators
| EFIV | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.52% | -55.19% | +30.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -8.88% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -18.76% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -24.50% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.40% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -9.01% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.08% | +0.08% |
Volatility
EFIV vs. SPY - Volatility Comparison
State Street SPDR S&P 500 ESG ETF (EFIV) has a higher volatility of 3.83% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that EFIV's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFIV | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.58% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 10.14% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 12.89% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.18% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 17.95% | -1.15% |
EFIV vs. SPY - Expense Ratio Comparison
EFIV has a 0.10% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EFIV vs. SPY - Dividend Comparison
EFIV's dividend yield for the trailing twelve months is around 0.96%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFIV State Street SPDR S&P 500 ESG ETF | 0.96% | 1.03% | 1.20% | 1.37% | 1.64% | 1.19% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
With a correlation of 0.96, EFIV and SPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EFIV has higher volatility (3.83%) compared to SPY (3.58%). In terms of maximum drawdown, EFIV dropped -24.52% vs SPY's -55.19%.
On 5-year performance, EFIV leads with 13.59% vs 12.76% for SPY. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EFIV has performed better with a 13.59% return vs 12.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPY is cheaper with a 0.09% expense ratio, compared with 0.10% for EFIV.
SPY has the higher dividend yield at 1.01%, compared with 0.96% for EFIV.
EFIV tracks S&P 500 Scored & Screened Index, while SPY tracks S&P 500 Index. Their fees differ too: 0.10% for EFIV and 0.09% for SPY.
EFIV currently has the higher Sharpe Ratio (1.72 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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