APRT vs SPY
AllianzIM US Equity Buffer10 Apr ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, APRT or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | APRT | SPY |
|---|---|---|
| Expense Ratio | 0.74% | 0.09%Best |
| AUM | $47M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 5 | 505 |
| Volatility (annualized) | 9.7%Best | 15.6% |
| Max Drawdown | -15.0%Best | -24.5% |
| $10,000 over 5.5 years | $17,206 | $23,682Best |
| Fund Family | AllianzIM | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 28, 2020 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 271 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. APRT has data through Dec 19, 2025 and SPY through Sep 16, 2026.
Volatility and max drawdown, and the $10,000 over 5.5 years row, are measured over the window both funds cover: Jun 1, 2020 to Dec 19, 2025 (5.5 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 9.7% for APRT. 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 -15.0% for APRT and -24.5% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APRT charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, APRT currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of APRT 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, APRT or SPY?
APRT has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option, by $65 a year on a $10,000 investment.
Which is riskier, APRT or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 9.7% for APRT. Worst drawdown: APRT -15.0% vs SPY -24.5%.
Should I hold both APRT and SPY?
APRT and SPY have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APRT or SPY?
APRT yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than APRT?
SPY has a lower expense ratio. SPY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.