AIVC vs SPY
Amplify Bloomberg AI Equal Weight ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AIVC delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AIVC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $134M | $821.1B | |
| Dividend Yield | 0.11% | 1.01% | |
| Holdings | 50 | 505 | |
| YTD Return | +59.53% | +13.17% | |
| 1Y Return | +100.79% | +21.53% | |
| 3Y Return (annualized) | +47.13% | +22.06% | |
| 5Y Return (annualized) | +17.35% | +13.35% | |
| Volatility (annualized) | 25.8% | 15.3% | |
| Max Drawdown | -56.1% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 8, 2016 | Jan 22, 1993 |
AIVC vs SPY Performance
Amplify Bloomberg AI Equal Weight ETF (AIVC) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AIVC returned +100.79% while SPY returned +21.53%. Year to date, AIVC is up 59.53% versus a gain of 13.17% for SPY.
Over three years, AIVC compounded at +47.13% per year against +22.06% for SPY; over five years the annualized figures are +17.35% and +13.35% respectively. Across the full 10-year window we track, AIVC has the edge at +15.62% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIVC has been the more volatile fund, with annualized monthly volatility of 25.8% 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 -56.1% for AIVC 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIVC charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, AIVC currently yields 0.11% against 1.01% for SPY.
Holdings Overlap
AIVC and SPY share 24 holdings out of 526 unique holdings combined, representing a 21.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AIVC or SPY?
AIVC has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, AIVC or SPY?
Over the past year AIVC returned +100.79% vs +21.53% for SPY, so AIVC leads on 1-year performance. Over the longest common window we track (10 years), AIVC annualized +15.62% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, AIVC or SPY?
AIVC has been the more volatile fund at 25.8% annualized versus 15.3% for SPY. Worst drawdown: AIVC -56.1% vs SPY -56.5%.
Should I hold both AIVC and SPY?
AIVC and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AIVC and SPY?
AIVC and SPY share 24 common holdings with a 21.2% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, AIVC or SPY?
AIVC yields 0.11% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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