AMEI vs SPY
Amana Equity Income 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 | AMEI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.09% | |
| AUM | $5M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | +3.78% | +12.68% | |
| 1Y Return | +3.78% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -95.0% | -56.5% | |
| Fund Family | Amana Mutual Funds Trust | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 24, 2026 | Jan 22, 1993 |
AMEI vs SPY Performance
Amana Equity Income ETF (AMEI) is a ETF from Amana Mutual Funds Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AMEI returned +3.78% while SPY returned +21.82%. Year to date, AMEI is up 3.78% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -95.0% for AMEI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
AMEI charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, AMEI currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
AMEI and SPY share 22 holdings out of 513 unique holdings combined, representing a 14.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AMEI or SPY?
AMEI has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, AMEI or SPY?
Over the past year AMEI returned +3.78% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), AMEI annualized -57.25% vs +8.81% for SPY. Past performance does not guarantee future results.
What is the holdings overlap between AMEI and SPY?
AMEI and SPY share 22 common holdings with a 14.7% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, AMEI or SPY?
AMEI yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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