ACVT vs SPY
Advent Convertible Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ACVT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $32M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 58 | 505 | |
| YTD Return | +6.88% | +13.68% | |
| 1Y Return | +8.82% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 5.7% | 15.3% | |
| Max Drawdown | -5.1% | -56.5% | |
| Fund Family | Advent Capital Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 30, 2025 | Jan 22, 1993 |
ACVT vs SPY Performance
Advent Convertible Bond ETF (ACVT) is a ETF from Advent Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ACVT returned +8.82% while SPY returned +21.53%. Year to date, ACVT is up 6.88% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.7% for ACVT. 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 -5.1% for ACVT 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACVT charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, ACVT currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
ACVT and SPY share 0 holdings out of 540 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACVT or SPY?
ACVT has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, ACVT or SPY?
Over the past year ACVT returned +8.82% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), ACVT annualized +11.00% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ACVT or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.7% for ACVT. Worst drawdown: ACVT -5.1% vs SPY -56.5%.
Should I hold both ACVT and SPY?
ACVT and SPY have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ACVT and SPY?
ACVT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, ACVT or SPY?
ACVT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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