CNBS vs SPY
Amplify Seymour Cannabis 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 | CNBS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.09% | |
| AUM | $77M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 38 | 505 | |
| YTD Return | -3.57% | +13.17% | |
| 1Y Return | +3.06% | +21.53% | |
| 3Y Return (annualized) | -15.26% | +22.06% | |
| 5Y Return (annualized) | -35.09% | +13.35% | |
| Volatility (annualized) | 64.6% | 15.3% | |
| Max Drawdown | -97.1% | -56.5% | |
| Fund Family | Amplify ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 23, 2019 | Jan 22, 1993 |
CNBS vs SPY Performance
Amplify Seymour Cannabis ETF (CNBS) is a ETF from Amplify ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CNBS returned +3.06% while SPY returned +21.53%. Year to date, CNBS is down 3.57% versus a gain of 13.17% for SPY.
Over three years, CNBS compounded at -15.26% per year against +22.06% for SPY; over five years the annualized figures are -35.09% and +13.35% respectively. Across the full 7-year window we track, SPY has the edge at +8.82% annualized vs -28.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CNBS has been the more volatile fund, with annualized monthly volatility of 64.6% 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 -97.1% for CNBS 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CNBS charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, CNBS currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CNBS and SPY share 0 holdings out of 520 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, CNBS or SPY?
CNBS has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, CNBS or SPY?
Over the past year CNBS returned +3.06% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), CNBS annualized -28.11% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, CNBS or SPY?
CNBS has been the more volatile fund at 64.6% annualized versus 15.3% for SPY. Worst drawdown: CNBS -97.1% vs SPY -56.5%.
Should I hold both CNBS and SPY?
CNBS and SPY have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CNBS and SPY?
CNBS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, CNBS or SPY?
CNBS yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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