AMOM vs SPY
Qraft AI-Enhanced US Large Cap Momentum ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AMOM or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. AMOM led over 1Y and the full window. AMOM is less concentrated, with 36.9% 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 | AMOM | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $23M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 102 | 1,515 |
| Volatility (annualized) | 21.9% | 16.3%Best |
| Max Drawdown | -39.7% | -34.1%Best |
| $10,000 over 7.4 years | $29,876Best | $28,732 |
| Top 10 Weight | 36.9%Best | 38.2% |
| Fund Family | QRAFT AI ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | May 20, 2019 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 11 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. AMOM has data through Oct 16, 2026 and SPY through Oct 27, 2026.
Volatility and max drawdown, and the $10,000 over 7.4 years row, are measured over the window both funds cover: May 21, 2019 to Oct 16, 2026 (7.4 years).
Risk: Volatility and Drawdowns
AMOM has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 16.3% 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 -39.7% for AMOM and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMOM 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, AMOM currently yields 0.00% against 0.99% for SPY.
Holdings Overlap
99.5% of AMOM's money is in holdings SPY also owns. 23.1% of SPY's money is in holdings AMOM also owns.
Most of AMOM is already inside SPY. Owning both mostly buys the same companies twice.
50 positions in common, counted across the 50 positions we hold weights for in AMOM and 504 in SPY, against full books of 102 and 1,515.
What only one of them owns
Our book lists 447 positions for SPY that do not appear in our book for AMOM (76.2% of the fund), and 0 for AMOM that do not appear in SPY (0.0%).
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
| Stock | Weight in AMOM | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.55% | 7.78% | 0.77% |
| AVGOBroadcom Inc | 3.89% | 2.48% | 1.41% |
| MUMicron Technology, Inc. | 3.23% | 1.59% | 1.64% |
| AMDAdvanced Micro Devices Inc | 3.12% | 1.22% | 1.90% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.29% | 0.66% | 2.63% |
| CATCaterpillar, Inc. | 3.23% | 0.55% | 2.68% |
| PLTRPalantir Technologies Inc | 3.12% | 0.61% | 2.51% |
| PANWPalo Alto Networks, Inc | 2.93% | 0.46% | 2.47% |
| GEGeneral Electric Co. | 2.76% | 0.50% | 2.26% |
| CRWDCrowdstrike Holdings Inc | 2.82% | 0.36% | 2.46% |
99.5% of AMOM is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AMOM or SPY?
AMOM 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.
Which is riskier, AMOM or SPY?
AMOM has been the more volatile fund at 21.9% annualized versus 16.3% for SPY. Worst drawdown: AMOM -39.7% vs SPY -34.1%.
Should I hold both AMOM and SPY?
AMOM and SPY have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AMOM and SPY?
99.5% of AMOM's money is in holdings SPY also owns. 23.1% of SPY's is in holdings AMOM also owns. They hold 50 positions in common, counted across the 50 positions we hold weights for in AMOM and 504 in SPY.
Which pays a higher dividend, AMOM or SPY?
AMOM yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than AMOM?
SPY has a lower expense ratio. AMOM led over 1Y and the full window. AMOM is less concentrated, with 36.9% 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.