AMZW vs SPY
Roundhill AMZN WeeklyPay 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 | AMZW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $37M | $821.1B | |
| Dividend Yield | 48.19% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -0.16% | +12.68% | |
| 1Y Return | +0.51% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 42.9% | 15.3% | |
| Max Drawdown | -28.0% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 18, 2025 | Jan 22, 1993 |
AMZW vs SPY Performance
Roundhill AMZN WeeklyPay ETF (AMZW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AMZW returned +0.51% while SPY returned +21.82%. Year to date, AMZW is down 0.16% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
AMZW has been the more volatile fund, with annualized monthly volatility of 42.9% 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 -28.0% for AMZW 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, AMZW currently yields 48.19% against 1.01% for SPY.
Holdings Overlap
AMZW and SPY share 1 holdings out of 505 unique holdings combined, representing a 4.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMZW | Weight in SPY | Difference |
|---|---|---|---|
| AMZN | 22.16% | 4.08% | 18.08% |
Frequently Asked Questions
Which is cheaper, AMZW or SPY?
AMZW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, AMZW or SPY?
Over the past year AMZW returned +0.51% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), AMZW annualized +5.04% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, AMZW or SPY?
AMZW has been the more volatile fund at 42.9% annualized versus 15.3% for SPY. Worst drawdown: AMZW -28.0% vs SPY -56.5%.
Should I hold both AMZW and SPY?
AMZW and SPY have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMZW and SPY?
AMZW and SPY share 1 common holdings with a 4.1% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AMZW or SPY?
AMZW yields 48.19% while SPY yields 1.01%, so AMZW currently pays the higher dividend yield.
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