FINS vs SPY
Angel Oak Financial Strategies Income Term Trust vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FINS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.09% | |
| AUM | $453M | $821.1B | |
| Dividend Yield | 10.24% | 1.01% | |
| Holdings | 242 | 505 | |
| YTD Return | +1.19% | +12.22% | |
| 1Y Return | +5.36% | +20.83% | |
| 3Y Return (annualized) | +13.16% | +21.70% | |
| 5Y Return (annualized) | +1.82% | +12.98% | |
| Volatility (annualized) | 10.5% | 15.3% | |
| Max Drawdown | -41.5% | -56.5% | |
| Fund Family | Angel Oak Capital Advisors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | May 29, 2019 | Jan 22, 1993 |
FINS vs SPY Performance
Angel Oak Financial Strategies Income Term Trust (FINS) is a ETF from Angel Oak Capital Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FINS returned +5.36% while SPY returned +20.83%. Year to date, FINS is up 1.19% versus a gain of 12.22% for SPY.
Over three years, FINS compounded at +13.16% per year against +21.70% for SPY; over five years the annualized figures are +1.82% and +12.98% respectively. Across the full 7-year window we track, SPY has the edge at +8.79% annualized vs +0.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.5% for FINS. 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 -41.5% for FINS 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
Frequently Asked Questions
Which performed better, FINS or SPY?
Over the past year FINS returned +5.36% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), FINS annualized +0.63% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, FINS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.5% for FINS. Worst drawdown: FINS -41.5% vs SPY -56.5%.
Should I hold both FINS and SPY?
FINS and SPY have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FINS and SPY?
FINS and SPY share 2 common holdings with a 0.3% weight overlap. Combined, they hold 569 unique securities.
Which pays a higher dividend, FINS or SPY?
FINS yields 10.24% while SPY yields 1.01%, so FINS currently pays the higher dividend yield.
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