ADPV vs SPY
Adaptiv Select 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 505 holdings.
Side-by-Side Comparison
| Metric | ADPV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $182M | $789.1B | |
| Dividend Yield | 0.62% | 1.01% | |
| Holdings | 26 | 505 | |
| YTD Return | +5.24% | +14.47% | |
| 1Y Return | +12.04% | +21.96% | |
| 3Y Return (annualized) | +22.78% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 19.1% | 15.3% | |
| Max Drawdown | -22.3% | -56.5% | |
| Fund Family | Adaptive ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 4, 2022 | Jan 22, 1993 |
ADPV vs SPY Performance
Adaptiv Select ETF (ADPV) is a ETF from Adaptive ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ADPV returned +12.04% while SPY returned +21.96%. Year to date, ADPV is up 5.24% versus a gain of 14.47% for SPY.
Over three years, ADPV compounded at +22.78% per year against +21.70% for SPY. Across the full 4-year window we track, ADPV has the edge at +18.08% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 19.1% 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 -22.3% for ADPV 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ADPV 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, ADPV currently yields 0.62% against 1.01% for SPY.
Holdings Overlap
ADPV and SPY share 8 holdings out of 520 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ADPV or SPY?
ADPV 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, ADPV or SPY?
Over the past year ADPV returned +12.04% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +18.08% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, ADPV or SPY?
ADPV has been the more volatile fund at 19.1% annualized versus 15.3% for SPY. Worst drawdown: ADPV -22.3% vs SPY -56.5%.
Should I hold both ADPV and SPY?
ADPV and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ADPV and SPY?
ADPV and SPY share 8 common holdings with a 0.6% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, ADPV or SPY?
ADPV yields 0.62% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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