AAPW vs SPY
Roundhill AAPL WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AAPW delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAPW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $39M | $821.1B | |
| Dividend Yield | 30.47% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +4.77% | +12.22% | |
| 1Y Return | +27.81% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 26.6% | 15.3% | |
| Max Drawdown | -35.3% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
AAPW vs SPY Performance
Roundhill AAPL WeeklyPay ETF (AAPW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AAPW returned +27.81% while SPY returned +20.83%. Year to date, AAPW is up 4.77% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
AAPW has been the more volatile fund, with annualized monthly volatility of 26.6% compared with 15.3% for SPY. 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 -35.3% for AAPW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, AAPW currently yields 30.47% against 1.01% for SPY.
Holdings Overlap
AAPW and SPY share 1 holdings out of 505 unique holdings combined, representing a 6.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AAPW | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 13.06% | 6.83% | 6.23% |
Frequently Asked Questions
Which is cheaper, AAPW or SPY?
AAPW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, AAPW or SPY?
Over the past year AAPW returned +27.81% vs +20.83% for SPY, so AAPW leads on 1-year performance. Over the longest common window we track (2 years), AAPW annualized +15.53% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AAPW or SPY?
AAPW has been the more volatile fund at 26.6% annualized versus 15.3% for SPY. Worst drawdown: AAPW -35.3% vs SPY -56.5%.
Should I hold both AAPW and SPY?
AAPW and SPY have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPW and SPY?
AAPW and SPY share 1 common holdings with a 6.8% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AAPW or SPY?
AAPW yields 30.47% while SPY yields 1.01%, so AAPW currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.