ASMF vs SPY
Virtus AlphaSimplex Managed Futures ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ASMF or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. ASMF led over 1Y, SPY over the full window.
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 | ASMF | SPY |
|---|---|---|
| Expense Ratio | 0.80% | 0.09%Best |
| AUM | $30M | $804.7B |
| Dividend Yield | 0.20% | 0.98% |
| Holdings | 22 | 505 |
| YTD Return | +11.27% | +12.09%Best |
| 1Y Return | +16.87%Best | +16.29% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 8.5%Best | 11.8% |
| Max Drawdown | -15.3%Best | -18.8% |
| $10,000 over 2.3 years | $10,905 | $14,696Best |
| Fund Family | Virtus Investment Partners | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | May 15, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: May 16, 2024 to Sep 18, 2026 (2.3 years).
ASMF 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 2.3 years both funds cover.
ASMF vs SPY Performance
Virtus AlphaSimplex Managed Futures ETF (ASMF) is an ETF from Virtus Investment Partners and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ASMF returned +16.87% while SPY returned +16.29%. Year to date, ASMF is up 11.27% versus a gain of 12.09% 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 11.8% compared with 8.5% for ASMF. 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 -15.3% for ASMF 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 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ASMF charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, ASMF currently yields 0.20% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of ASMF 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, ASMF or SPY?
ASMF has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, ASMF or SPY?
Over the past year ASMF returned +16.87% vs +16.29% for SPY, so ASMF leads on 1-year performance. Over the longest common window we track (2 years), ASMF annualized +3.84% vs +18.22% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASMF or SPY?
SPY has been the more volatile fund at 11.8% annualized versus 8.5% for ASMF. Worst drawdown: ASMF -15.3% vs SPY -18.8%.
Should I hold both ASMF and SPY?
ASMF and SPY have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ASMF or SPY?
ASMF yields 0.20% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than ASMF?
SPY has a lower expense ratio. ASMF led over 1Y, SPY over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.