ATFV vs SPY
Alger 35 ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ATFV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ATFV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.09% | |
| AUM | $248M | $821.1B | |
| Dividend Yield | 0.19% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | +17.50% | +14.24% | |
| 1Y Return | +27.69% | +21.71% | |
| 3Y Return (annualized) | +40.03% | +22.10% | |
| 5Y Return (annualized) | +14.34% | +13.21% | |
| Volatility (annualized) | 24.3% | 15.3% | |
| Max Drawdown | -45.3% | -56.5% | |
| Fund Family | Alger | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 4, 2021 | Jan 22, 1993 |
ATFV vs SPY Performance
Alger 35 ETF (ATFV) is a ETF from Alger and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ATFV returned +27.69% while SPY returned +21.71%. Year to date, ATFV is up 17.50% versus a gain of 14.24% for SPY.
Over three years, ATFV compounded at +40.03% per year against +22.10% for SPY; over five years the annualized figures are +14.34% and +13.21% respectively. Across the full 5-year window we track, ATFV has the edge at +15.24% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ATFV has been the more volatile fund, with annualized monthly volatility of 24.3% compared with 15.3% for SPY. 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 -45.3% for ATFV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ATFV charges 0.56% per year while SPY charges 0.09%. On a $10,000 position that is $56 vs $9 annually, a gap of $47 per year that compounds over a long holding period. On income, ATFV currently yields 0.19% against 1.01% for SPY.
Holdings Overlap
ATFV and SPY share 13 holdings out of 523 unique holdings combined, representing a 26.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ATFV or SPY?
ATFV has an expense ratio of 0.56% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ATFV or SPY?
Over the past year ATFV returned +27.69% vs +21.71% for SPY, so ATFV leads on 1-year performance. Over the longest common window we track (5 years), ATFV annualized +15.24% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, ATFV or SPY?
ATFV has been the more volatile fund at 24.3% annualized versus 15.3% for SPY. Worst drawdown: ATFV -45.3% vs SPY -56.5%.
Should I hold both ATFV and SPY?
ATFV and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ATFV and SPY?
ATFV and SPY share 13 common holdings with a 26.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, ATFV or SPY?
ATFV yields 0.19% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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