AIVL vs SPY
WisdomTree US AI Enhanced Value Fund 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 | AIVL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $435M | $821.1B | |
| Dividend Yield | 1.46% | 1.01% | |
| Holdings | 101 | 505 | |
| YTD Return | +17.35% | +12.22% | |
| 1Y Return | +19.73% | +20.83% | |
| 3Y Return (annualized) | +15.08% | +21.70% | |
| 5Y Return (annualized) | +8.78% | +12.98% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -65.1% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Jan 22, 1993 |
AIVL vs SPY Performance
WisdomTree US AI Enhanced Value Fund (AIVL) 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 AIVL returned +19.73% while SPY returned +20.83%. Year to date, AIVL is up 17.35% versus a gain of 12.22% for SPY.
Over three years, AIVL compounded at +15.08% per year against +21.70% for SPY; over five years the annualized figures are +8.78% and +12.98% respectively. Across the full 20-year window we track, SPY has the edge at +8.79% annualized vs +5.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIVL has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -65.1% for AIVL 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AIVL charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, AIVL currently yields 1.46% against 1.01% for SPY.
Holdings Overlap
AIVL and SPY share 73 holdings out of 537 unique holdings combined, representing a 16.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AIVL or SPY?
AIVL has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, AIVL or SPY?
Over the past year AIVL returned +19.73% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), AIVL annualized +5.59% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AIVL or SPY?
AIVL has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: AIVL -65.1% vs SPY -56.5%.
Should I hold both AIVL and SPY?
AIVL and SPY have a monthly-return correlation of 0.90, 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 AIVL and SPY?
AIVL and SPY share 73 common holdings with a 16.1% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, AIVL or SPY?
AIVL yields 1.46% while SPY yields 1.01%, so AIVL currently pays the higher dividend yield.
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