ALIL vs SPY
Argent Focused Small Cap 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 | ALIL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $25M | $789.1B | |
| Dividend Yield | 0.41% | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +10.91% | +13.39% | |
| 1Y Return | +13.10% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -12.6% | -56.5% | |
| Fund Family | Argent | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2025 | Jan 22, 1993 |
ALIL vs SPY Performance
Argent Focused Small Cap ETF (ALIL) is a ETF from Argent and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ALIL returned +13.10% while SPY returned +22.52%. Year to date, ALIL is up 10.91% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
ALIL 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 -12.6% for ALIL 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ALIL charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, ALIL currently yields 0.41% against 1.01% for SPY.
Holdings Overlap
ALIL and SPY share 0 holdings out of 545 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, ALIL or SPY?
ALIL has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, ALIL or SPY?
Over the past year ALIL returned +13.10% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), ALIL annualized +14.05% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, ALIL or SPY?
ALIL has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: ALIL -12.6% vs SPY -56.5%.
Should I hold both ALIL and SPY?
ALIL and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALIL and SPY?
ALIL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, ALIL or SPY?
ALIL yields 0.41% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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