APIE vs SPY
ActivePassive International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, APIE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. APIE is less concentrated, with 23.5% of the fund in its ten largest positions against 38.0%.
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 | APIE | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $1.2B | $804.7B |
| Dividend Yield | 3.35% | 0.98% |
| Holdings | 550 | 505 |
| YTD Return | +7.53% | +11.52%Best |
| 1Y Return | +15.77% | +17.48%Best |
| 3Y Return (annualized) | +17.18% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 12.2%Best | 12.8% |
| Max Drawdown | -15.9%Best | -18.8% |
| $10,000 over 3.4 years | $16,433 | $19,514Best |
| Top 10 Weight | 23.5%Best | 38.0% |
| Fund Family | Envestnet Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 3, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 3, 2023 to Sep 10, 2026 (3.4 years).
APIE 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 covers the 3.4 years both funds cover.
APIE vs SPY Performance
ActivePassive International Equity ETF (APIE) is an ETF from Envestnet Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year APIE returned +15.77% while SPY returned +17.48%. Year to date, APIE is up 7.53% versus a gain of 11.52% for SPY.
Over three years, APIE compounded at +17.18% per year against +20.62% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.2% for APIE. 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 -15.9% for APIE and -18.8% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
APIE charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, APIE currently yields 3.35% against 0.98% for SPY.
Holdings Overlap
0.8% of APIE's money is in holdings SPY also owns. 1.7% of SPY's money is in holdings APIE also owns.
SPY and APIE share little of their money.
5 positions in common, counted across the 547 positions we hold weights for in APIE and 504 in SPY, against full books of 550 and 505.
What only one of them owns
Our book lists 489 positions for SPY that do not appear in our book for APIE (97.8% of the fund), and 239 for APIE that do not appear in SPY (35.0%).
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.
You are not choosing between two funds in isolation.
Whichever of APIE 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, APIE or SPY?
APIE has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, APIE or SPY?
Over the past year APIE returned +15.77% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APIE or SPY?
SPY has been the more volatile fund at 12.8% annualized versus 12.2% for APIE. Worst drawdown: APIE -15.9% vs SPY -18.8%.
Should I hold both APIE and SPY?
APIE and SPY have a monthly-return correlation of 0.74, 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 APIE and SPY?
1.7% of SPY's money is in holdings APIE also owns. 1.7% of SPY's is in holdings APIE also owns. They hold 5 positions in common, counted across the 547 positions we hold weights for in APIE and 504 in SPY.
Which pays a higher dividend, APIE or SPY?
APIE yields 3.35% while SPY yields 0.98%, so APIE currently pays the higher dividend yield.
Is SPY better than APIE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. APIE is less concentrated, with 23.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.