ASLV vs SPY
Allspring Special Large Value 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 | ASLV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $221M | $821.1B | |
| Dividend Yield | 0.80% | 1.01% | |
| Holdings | 46 | 505 | |
| YTD Return | +9.98% | +12.22% | |
| 1Y Return | +15.54% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 10.4% | 15.3% | |
| Max Drawdown | -11.0% | -56.5% | |
| Fund Family | Allspring Global Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Jan 22, 1993 |
ASLV vs SPY Performance
Allspring Special Large Value ETF (ASLV) is a ETF from Allspring Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ASLV returned +15.54% while SPY returned +20.83%. Year to date, ASLV is up 9.98% 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 10.4% for ASLV. 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 -11.0% for ASLV 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASLV charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, ASLV currently yields 0.80% against 1.01% for SPY.
Holdings Overlap
ASLV and SPY share 35 holdings out of 513 unique holdings combined, representing a 25.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASLV or SPY?
ASLV has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, ASLV or SPY?
Over the past year ASLV returned +15.54% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), ASLV annualized +18.04% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, ASLV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.4% for ASLV. Worst drawdown: ASLV -11.0% vs SPY -56.5%.
Should I hold both ASLV and SPY?
ASLV and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASLV and SPY?
ASLV and SPY share 35 common holdings with a 25.3% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, ASLV or SPY?
ASLV yields 0.80% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.