ECML vs SPY

AECML

BSPY

Measures won3–2ECML wins · of 6 · 5Y

$10,000 · 5Y$17,151IVV · SPY $17,099

Lowest cost0.03%IVV · $3 on $10k

Most income1.17%ECML · $117 on $10k

Smallest drop−7.5%ECML · worst fall in 1Y

Held in common1.8%ECML and SPY

ECML

SPY

Euclidean Fundamental Value ETF · $121MState Street SPDR S&P 500 ETF · $819B

+15.4%3 years · per year$15,378 · $18,174+22.0%

[…]5 years · per year[…] · $17,099+11.3%

0.95%Expense ratio$95 · $9 on $10k · lower wins0.09%

1.17%12-mo yield$117 · $103 on $10k1.03%

−7.5%Worst dropSmaller wins−8.9%

13.2%VolatilityLower wins13.6%

3–2ECML wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsECML · SPY

1.5%COP0.2%

1.2%BMY0.2%

2.2%MO0.2%

1.6%NEM0.2%

Held in common1.8%

End-of-day Nov 5, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	AECML	Euclidean Fundamental Value ETFRead Desk	0.95%	1.17%	−2.4%	+17.6%	+23.7%	+15.4%	new	−7.5%	$121M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	−4.4%	+8.4%	+9.7%	+22.1%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	−4.4%	+8.3%	+9.7%	+22.0%	+11.3%	−8.9%	$818.5B
3	AECML	Euclidean Fundamental Value ETFRead Desk	0.95%	1.17%	−2.4%	+17.6%	+23.7%	+15.4%	new	−7.5%	$121M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

ECML vs SPY

ECML

Euclidean Fundamental Value

[…]

SPY

SPDR S&P 500

$17,099

MeasureECMLSPY

Fee0.95%0.09%

Cost on $10k a year$95$9

Yield1.17%1.03%

5 years, per year[…]+11.3%

3 years, per year+15.4%+22.0%

Worst drop · 1Y−7.5%−8.9%

Volatility · 1Y13.2%13.6%

3–2measures won
ECML first

1.8%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 5, 2026

VOO vs IVV

YTD

VanguardVOO

+8.4%

IVViShares

+8.4%

+8.4%Year to date+8.4%

1.1%Yield1.1%

$1.00TAssets$850B

0–0level

End-of-day Nov 5, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

Overlap: ECML, SPY, IVV

Today

99.9%most shared, SPY and IVV

ECMLSPYIVV

ECML—1.8%1.8%

SPY1.8%—99.9%

IVV1.8%99.9%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$111most kept, IVV

IVV$114 − $3 = $111

SPY$103 − $9 = $94

ECML$117 − $95 = $22

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee