AZTD vs SPY

AZTD vs SPY
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Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricAZTDSPYWinner
Expense Ratio0.75%0.09%
AUM$40M$821.1B
Dividend Yield0.93%1.01%
Holdings55505
YTD Return+15.48%+14.24%
1Y Return+18.33%+21.71%
3Y Return (annualized)+17.68%+22.10%
5Y Return (annualized)-+13.21%
Volatility (annualized)16.7%15.3%
Max Drawdown-16.8%-56.5%
Fund FamilyAztlan Equity Management, LLCState Street Investment Management
CategoryEquityEquity
InceptionAug 17, 2022Jan 22, 1993

AZTD vs SPY Performance

Aztlan Global Stock Selection DM SMID ETF (AZTD) is a ETF from Aztlan Equity Management, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AZTD returned +18.33% while SPY returned +21.71%. Year to date, AZTD is up 15.48% versus a gain of 14.24% for SPY.

Over three years, AZTD compounded at +17.68% per year against +22.10% for SPY. Across the full 4-year window we track, AZTD has the edge at +14.17% annualized vs +8.86%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

AZTD has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -16.8% for AZTD 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 0.80. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

AZTD charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, AZTD currently yields 0.93% against 1.01% for SPY.

Holdings Overlap

0.1%overlap

AZTD and SPY share 2 holdings out of 553 unique holdings combined, representing a 0.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in AZTDWeight in SPYDifference
DVA2.95%0.01%2.94%
LITE1.63%0.10%1.53%

Frequently Asked Questions

Which is cheaper, AZTD or SPY?

AZTD has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.

Which performed better, AZTD or SPY?

Over the past year AZTD returned +18.33% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), AZTD annualized +14.17% vs +8.86% for SPY. Past performance does not guarantee future results.

Which is riskier, AZTD or SPY?

AZTD has been the more volatile fund at 16.7% annualized versus 15.3% for SPY. Worst drawdown: AZTD -16.8% vs SPY -56.5%.

Should I hold both AZTD and SPY?

AZTD and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between AZTD and SPY?

AZTD and SPY share 2 common holdings with a 0.1% weight overlap. Combined, they hold 553 unique securities.

Which pays a higher dividend, AZTD or SPY?

AZTD yields 0.93% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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