AUMI vs SPY
Themes Gold Miners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AUMI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AUMI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $24M | $821.1B | |
| Dividend Yield | 1.03% | 1.01% | |
| Holdings | 36 | 505 | |
| YTD Return | +14.83% | +12.22% | |
| 1Y Return | +76.50% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 43.2% | 15.3% | |
| Max Drawdown | -39.8% | -56.5% | |
| Fund Family | Themes ETFs | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Dec 13, 2023 | Jan 22, 1993 |
AUMI vs SPY Performance
Themes Gold Miners ETF (AUMI) is a ETF from Themes ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AUMI returned +76.50% while SPY returned +20.83%. Year to date, AUMI is up 14.83% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
AUMI has been the more volatile fund, with annualized monthly volatility of 43.2% 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 -39.8% for AUMI 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AUMI 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, AUMI currently yields 1.03% against 1.01% for SPY.
Holdings Overlap
AUMI and SPY share 0 holdings out of 536 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, AUMI or SPY?
AUMI 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, AUMI or SPY?
Over the past year AUMI returned +76.50% vs +20.83% for SPY, so AUMI leads on 1-year performance. Over the longest common window we track (3 years), AUMI annualized +69.88% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, AUMI or SPY?
AUMI has been the more volatile fund at 43.2% annualized versus 15.3% for SPY. Worst drawdown: AUMI -39.8% vs SPY -56.5%.
Should I hold both AUMI and SPY?
AUMI and SPY have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AUMI and SPY?
AUMI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, AUMI or SPY?
AUMI yields 1.03% while SPY yields 1.01%, so AUMI 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.