AAUM vs SPY
Tema Alternative Asset Managers ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AAUM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $1M | $821.1B | |
| Dividend Yield | 0.95% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | -19.10% | +13.17% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -28.2% | -56.5% | |
| Fund Family | Tema Global Limited | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2025 | Jan 22, 1993 |
AAUM vs SPY Performance
Tema Alternative Asset Managers ETF (AAUM) is a ETF from Tema Global Limited and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, AAUM is down 19.10% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -28.2% for AAUM and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
AAUM charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, AAUM currently yields 0.95% against 1.01% for SPY.
Holdings Overlap
AAUM and SPY share 5 holdings out of 528 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AAUM or SPY?
AAUM has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between AAUM and SPY?
AAUM and SPY share 5 common holdings with a 0.7% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, AAUM or SPY?
AAUM yields 0.95% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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