ACII vs SPY
Innovator Index Autocallable Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ACII or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACII | SPY |
|---|---|---|
| Expense Ratio | 0.79% | 0.09%Best |
| AUM | $130M | $804.7B |
| Dividend Yield | 7.60% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | +7.05% | +12.09%Best |
| 1Y Return | +9.30% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 3.8%Best | 13.3% |
| Fund Family | Innovator ETFs Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Sep 24, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
ACII vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ACII vs SPY Performance
Innovator Index Autocallable Income Strategy ETF (ACII) is an ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ACII returned +9.30% while SPY returned +16.29%. Year to date, ACII is up 7.05% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 3.8% for ACII. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACII charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, ACII currently yields 7.60% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of ACII and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACII or SPY?
ACII has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, ACII or SPY?
Over the past year ACII returned +9.30% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACII or SPY?
SPY has been the more volatile fund at 13.3% annualized versus 3.8% for ACII.
Should I hold both ACII and SPY?
ACII and SPY have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ACII or SPY?
ACII yields 7.60% while SPY yields 0.98%, so ACII currently pays the higher dividend yield.
Is SPY better than ACII?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.