AMMO vs SPY
VistaShares Defense Supercycle ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AMMO or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. AMMO is less concentrated, with 32.5% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AMMO | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $3M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 54 | 1,515 |
| YTD Return | -0.92% | +12.70%Best |
| 1Y Return | - | +15.53% |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Top 10 Weight | 32.5%Best | 38.2% |
| Fund Family | VistaShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jul 15, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
AMMO vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AMMO vs SPY Performance
VistaShares Defense Supercycle ETF (AMMO) is an ETF from VistaShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, AMMO is down 0.92% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
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 0.98% for SPY.
Holdings Overlap
12.5% of AMMO's money is in holdings SPY also owns. 1.0% of SPY's money is in holdings AMMO also owns.
AMMO and SPY share little of their money.
6 positions in common, counted across the 52 positions we hold weights for in AMMO and 504 in SPY, against full books of 54 and 1,515.
What only one of them owns
Our book lists 491 positions for SPY that do not appear in our book for AMMO (98.2% of the fund), and 20 for AMMO that do not appear in SPY (32.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
You are not choosing between two funds in isolation.
Whichever of AMMO and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $66 a year on a $10,000 investment.
What is the holdings overlap between AMMO and SPY?
12.5% of AMMO's money is in holdings SPY also owns. 1.0% of SPY's is in holdings AMMO also owns. They hold 6 positions in common, counted across the 52 positions we hold weights for in AMMO and 504 in SPY.
Which pays a higher dividend, AMMO or SPY?
AMMO yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than AMMO?
SPY has a lower expense ratio. AMMO is less concentrated, with 32.5% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.