ASGM vs SPY
Virtus AlphaSimplex Global Macro ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ASGM delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ASGM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.09% | |
| AUM | $9M | $821.1B | |
| Dividend Yield | 3.87% | 1.01% | |
| Holdings | 17 | 505 | |
| YTD Return | +21.02% | +12.22% | |
| 1Y Return | +32.58% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 13.3% | 15.3% | |
| Max Drawdown | -7.4% | -56.5% | |
| Fund Family | Virtus Investment Partners | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 4, 2025 | Jan 22, 1993 |
ASGM vs SPY Performance
Virtus AlphaSimplex Global Macro ETF (ASGM) is a ETF from Virtus Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ASGM returned +32.58% while SPY returned +20.83%. Year to date, ASGM is up 21.02% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.3% for ASGM. 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 -7.4% for ASGM 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASGM charges 0.86% per year while SPY charges 0.09%. On a $10,000 position that is $86 vs $9 annually, a gap of $77 per year that compounds over a long holding period. On income, ASGM currently yields 3.87% against 1.01% for SPY.
Holdings Overlap
ASGM and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASGM or SPY?
ASGM has an expense ratio of 0.86% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, ASGM or SPY?
Over the past year ASGM returned +32.58% vs +20.83% for SPY, so ASGM leads on 1-year performance. Over the longest common window we track (1 years), ASGM annualized +34.31% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, ASGM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.3% for ASGM. Worst drawdown: ASGM -7.4% vs SPY -56.5%.
Should I hold both ASGM and SPY?
ASGM and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASGM and SPY?
ASGM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, ASGM or SPY?
ASGM yields 3.87% while SPY yields 1.01%, so ASGM currently pays the higher dividend yield.
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