ADFI vs SPY
Anfield Dynamic Fixed Income 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 | ADFI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.68% | 0.09% | |
| AUM | $50M | $789.1B | |
| Dividend Yield | 3.22% | 1.01% | |
| Holdings | 40 | 505 | |
| YTD Return | -1.39% | +13.68% | |
| 1Y Return | +1.21% | +21.53% | |
| 3Y Return (annualized) | +2.66% | +21.44% | |
| 5Y Return (annualized) | -0.61% | +13.18% | |
| Volatility (annualized) | 5.4% | 15.3% | |
| Max Drawdown | -18.0% | -56.5% | |
| Fund Family | Regents Park Funds, LLC | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Aug 18, 2020 | Jan 22, 1993 |
ADFI vs SPY Performance
Anfield Dynamic Fixed Income ETF (ADFI) is a ETF from Regents Park Funds, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ADFI returned +1.21% while SPY returned +21.53%. Year to date, ADFI is down 1.39% versus a gain of 13.68% for SPY.
Over three years, ADFI compounded at +2.66% per year against +21.44% for SPY; over five years the annualized figures are -0.61% and +13.18% respectively. Across the full 6-year window we track, SPY has the edge at +8.85% annualized vs -0.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.4% for ADFI. 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 -18.0% for ADFI 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ADFI charges 1.68% per year while SPY charges 0.09%. On a $10,000 position that is $168 vs $9 annually, a gap of $159 per year that compounds over a long holding period. On income, ADFI currently yields 3.22% against 1.01% for SPY.
Holdings Overlap
ADFI and SPY share 0 holdings out of 508 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, ADFI or SPY?
ADFI has an expense ratio of 1.68% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $159 per year of difference.
Which performed better, ADFI or SPY?
Over the past year ADFI returned +1.21% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), ADFI annualized -0.89% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ADFI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.4% for ADFI. Worst drawdown: ADFI -18.0% vs SPY -56.5%.
Should I hold both ADFI and SPY?
ADFI and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ADFI and SPY?
ADFI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, ADFI or SPY?
ADFI yields 3.22% while SPY yields 1.01%, so ADFI 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.