Data as of Oct 28, 2026.
EFA vs SPYM: Differences, Returns & Fees
Over the year to Oct 28, 2026, EFA returned +12.1% to SPYM's +13.7%; 1% of their weight is in the same names.
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Net assets on Oct 27, 2026: $76.8bn for iShares MSCI EAFE ETF and $185.0bn for State Street SPDR Portfolio S&P 500 ETF.
Pair scorecard
SPYM costs 0.30 points a year less; their one-year returns differ by 1.6 points; SPYM is 2.4 times larger.
| Measure | EFA | SPYM |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.1% | +13.7% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 25, 2026 | |
| Benchmark | ||
| What it tracks | MSCI EAFE Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.32% | 0.02% |
| Net assets, as of Oct 27, 2026 | $76.8bn | $185.0bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 14.3% | 38.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 25, 2005 to Oct 23, 2026 · 1,091 weekly returnsEach against its own benchmark: EFA against ACWX, Apr 11, 2008 to Oct 23, 2026; SPYM against IVV, Nov 25, 2005 to Oct 23, 2026.
SPYM returned more: +793.5% to +229.7%. SPYM swung less: 17.2% to 19.2%. SPYM fell slightly less at its worst: −53.9% to −59.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | EFA | SPYM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +229.7% | +793.5% | SPYM | Price change plus distributions, reinvested. |
| Annualized | +5.9% | +11.0% | SPYM | Total return as a yearly rate. |
| Price return | +77.1% | +516.4% | SPYM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.2% | 17.2% | SPYM | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 12.1% | SPYM | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.4% | −53.9% | SPYM (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 95.1% | 94.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.5% | 96.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.96 | 0.96 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.95 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.30 | 0.59 | SPYM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.41 | 0.84 | SPYM | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.055 | 0.106 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.10 | 0.20 | SPYM | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | ACWX | IVV | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | +0.4% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.53 | 0.53 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.4% to +2.4% | −1.2% to +2.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.08 | 0.00 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.2% | 3.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,091 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EFA and SPYM hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
EFA and SPYM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EFA and SPYM do different jobs. What does each one do in a portfolio?
- What each follows. EFA follows MSCI EAFE Index and SPYM follows S&P 500 Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. EFA charges 0.32% of assets a year and SPYM 0.02%, a gap of 0.30 points.
Data as of Oct 28, 2026.
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EFA
EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.
SPYM
SPYM tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.02% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, EFA or SPYM?
- In the year to Oct 28, 2026, with distributions reinvested, EFA returned +12.1% and SPYM +13.7%.
- Which is cheaper, EFA or SPYM?
- SPYM is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EFA against SPYM, data as of Oct 28, 2026. https://etfiq.com/compare/any/efa-vs-spym
ETFIQ. (Oct 28, 2026). EFA against SPYM. Retrieved from https://etfiq.com/compare/any/efa-vs-spym
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