IEDI vs. SPY

Last updated Jun 4, 2026

IEDI (iShares Evolved U.S. Discretionary Spending ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - IEDI is a Consumer Discretionary Equities fund actively managed by iShares, while SPY is a S&P 500 fund tracking the S&P 500 Index. IEDI is actively managed, while SPY is passively managed. Over the past 5 years, IEDI returned 6.11%/yr vs 13.83%/yr for SPY. Their correlation of 0.81 suggests significant overlap in exposure. IEDI charges 0.18%/yr vs 0.09%/yr for SPY.

Performance

IEDI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Evolved U.S. Discretionary Spending ETF (IEDI) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IEDI achieves a -1.90% return, which is significantly lower than SPY's 10.91% return.

IEDI

• 1D: 0.44%
• 1M: -3.26%
• YTD: -1.90%
• 6M: -2.73%
• 1Y: 0.05%
• 3Y*: 13.10%
• 5Y*: 6.11%
• 10Y*: —

SPY

• 1D: -0.70%
• 1M: 5.05%
• YTD: 10.91%
• 6M: 10.91%
• 1Y: 27.98%
• 3Y*: 22.35%
• 5Y*: 13.83%
• 10Y*: 15.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEDI vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IEDI iShares Evolved U.S. Discretionary Spending ETF	-1.90%	4.05%	22.11%	24.32%	-23.17%	21.19%	29.83%	31.07%	0.71%
SPY State Street SPDR S&P 500 ETF	10.91%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-1.70%

Correlation

The correlation between IEDI and SPY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.81

Over the past year, the correlation between IEDI and SPY has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

IEDI vs. SPY - Sectors Allocation Comparison

Sectors	IEDI	SPY
Consumer Cyclical	64.1%	10.3%
Consumer Defensive	24.8%	4.8%
Industrials	3.5%	7.8%
Technology	3.1%	35.9%
Communication Services	2.1%	11.3%
Financial Services	1.9%	11.8%
Real Estate	0.4%	1.9%
Healthcare	0.2%	8.4%
Energy	0.1%	3.6%
Basic Materials	-	1.8%
Utilities	-	2.4%

Return for Risk

IEDI vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEDI

IEDI Risk / Return Rank: 9
IEDI Sharpe Ratio Rank: 9
IEDI Sortino Ratio Rank: 8
IEDI Omega Ratio Rank: 8
IEDI Calmar Ratio Rank: 9
IEDI Martin Ratio Rank: 9

SPY

SPY Risk / Return Rank: 70
SPY Sharpe Ratio Rank: 71
SPY Sortino Ratio Rank: 69
SPY Omega Ratio Rank: 70
SPY Calmar Ratio Rank: 62
SPY Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEDI vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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.

	IEDI	SPY	Difference
Sharpe ratio: Return per unit of total volatility	0.00	2.38	-2.37
Sortino ratio: Return per unit of downside risk	0.11	3.24	-3.13
Omega ratio: Gain probability vs. loss probability	1.01	1.43	-0.42
Calmar ratio: Return relative to maximum drawdown	0.01	3.16	-3.16
Martin ratio: Return relative to average drawdown	0.01	14.72	-14.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEDI vs. SPY - Sharpe Ratio Comparison

The current IEDI Sharpe Ratio is 0.00, which is lower than the SPY Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of IEDI and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IEDI	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	2.38	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.82	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.59	+0.02

Drawdowns

IEDI vs. SPY - Drawdown Comparison

The maximum IEDI drawdown since its inception was -30.60%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IEDI and SPY.

Drawdown Indicators

	IEDI	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-30.60%	-55.19%	+24.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-8.88%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-18.76%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-29.79%	-24.50%	-5.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-7.63%	-0.70%	-6.93%
Average Drawdown Average peak-to-trough decline	-6.93%	-9.05%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.85%	1.91%	+1.94%

Volatility

IEDI vs. SPY - Volatility Comparison

iShares Evolved U.S. Discretionary Spending ETF (IEDI) has a higher volatility of 3.95% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. This indicates that IEDI'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.

Volatility by Period

	IEDI	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	2.84%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	8.90%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	11.83%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	17.05%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	17.94%	+1.51%

IEDI vs. SPY - Expense Ratio Comparison

IEDI has a 0.18% 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

IEDI vs. SPY - Dividend Comparison

IEDI's dividend yield for the trailing twelve months is around 0.99%, more than SPY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEDI iShares Evolved U.S. Discretionary Spending ETF	0.99%	0.95%	0.90%	1.13%	3.38%	0.70%	0.83%	2.07%	1.57%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.98%	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

Can I hold both IEDI and SPY in my portfolio?

IEDI and SPY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IEDI or SPY?

IEDI has higher volatility (3.95%) compared to SPY (2.84%). In terms of maximum drawdown, IEDI dropped -30.60% vs SPY's -55.19%.

Which ETF is better, IEDI or SPY?

On 5-year performance, SPY leads with 13.83% vs 6.11% for IEDI. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IEDI or SPY?

Over the 5-year period, SPY has performed better with a 13.83% return vs 6.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IEDI or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.18% for IEDI.

Which ETF pays a higher dividend yield, IEDI or SPY?

IEDI has the higher dividend yield at 0.99%, compared with 0.98% for SPY.

What is the main difference between IEDI and SPY?

IEDI is categorized as Consumer Discretionary Equities, while SPY is S&P 500. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for IEDI and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.38 vs 0.00), 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.