AMMO vs SPY

AMMO vs SPY
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Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricAMMOSPYWinner
Expense Ratio0.75%0.09%
AUM$1M$821.1B
Dividend Yield0.00%1.01%
Holdings52505
YTD Return+13.59%+12.93%
1Y Return-+20.62%
3Y Return (annualized)-+22.00%
5Y Return (annualized)-+13.33%
Volatility (annualized)-15.3%
Max Drawdown-5.4%-56.5%
Fund FamilyVistaSharesState Street Investment Management
CategoryEquityEquity
InceptionJul 15, 2026Jan 22, 1993

AMMO vs SPY Performance

VistaShares Defense Supercycle ETF (AMMO) is a ETF from VistaShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, AMMO is up 13.59% versus a gain of 12.93% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -5.4% for AMMO 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

AMMO charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, AMMO currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

1.1%overlap

AMMO and SPY share 6 holdings out of 550 unique holdings combined, representing a 1.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in AMMOWeight in SPYDifference
LHX3.06%0.08%2.98%
PLTR2.23%0.56%1.67%
TDG2.60%0.11%2.49%
TDYProProPro
KEYSProProPro
HWMProProPro
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Frequently Asked Questions

Which is cheaper, AMMO or SPY?

AMMO has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.

What is the holdings overlap between AMMO and SPY?

AMMO and SPY share 6 common holdings with a 1.1% weight overlap. Combined, they hold 550 unique securities.

Which pays a higher dividend, AMMO or SPY?

AMMO yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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