AIVI vs SPY
WisdomTree International AI Enhanced Value Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AIVI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AIVI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.09% | |
| AUM | $63M | $821.1B | |
| Dividend Yield | 4.96% | 1.01% | |
| Holdings | 123 | 505 | |
| YTD Return | +18.32% | +12.22% | |
| 1Y Return | +24.76% | +20.83% | |
| 3Y Return (annualized) | +21.77% | +21.70% | |
| 5Y Return (annualized) | +12.36% | +12.98% | |
| Volatility (annualized) | 17.9% | 15.3% | |
| Max Drawdown | -70.3% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Jan 22, 1993 |
AIVI vs SPY Performance
WisdomTree International AI Enhanced Value Fund (AIVI) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AIVI returned +24.76% while SPY returned +20.83%. Year to date, AIVI is up 18.32% versus a gain of 12.22% for SPY.
Over three years, AIVI compounded at +21.77% per year against +21.70% for SPY; over five years the annualized figures are +12.36% and +12.98% respectively. Across the full 20-year window we track, SPY has the edge at +8.79% annualized vs +2.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIVI has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -70.3% for AIVI 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIVI charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, AIVI currently yields 4.96% against 1.01% for SPY.
Holdings Overlap
AIVI and SPY share 0 holdings out of 625 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, AIVI or SPY?
AIVI has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, AIVI or SPY?
Over the past year AIVI returned +24.76% vs +20.83% for SPY, so AIVI leads on 1-year performance. Over the longest common window we track (20 years), AIVI annualized +2.24% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AIVI or SPY?
AIVI has been the more volatile fund at 17.9% annualized versus 15.3% for SPY. Worst drawdown: AIVI -70.3% vs SPY -56.5%.
Should I hold both AIVI and SPY?
AIVI and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AIVI and SPY?
AIVI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 625 unique securities.
Which pays a higher dividend, AIVI or SPY?
AIVI yields 4.96% while SPY yields 1.01%, so AIVI currently pays the higher dividend yield.
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