JULT vs SPY
AllianzIM US Equity Buffer10 Jul 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 | JULT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $59M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +9.23% | +14.47% | |
| 1Y Return | +14.14% | +21.96% | |
| 3Y Return (annualized) | +15.58% | +21.70% | |
| 5Y Return (annualized) | +11.59% | +13.30% | |
| Volatility (annualized) | 9.6% | 15.3% | |
| Max Drawdown | -13.6% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2020 | Jan 22, 1993 |
JULT vs SPY Performance
AllianzIM US Equity Buffer10 Jul ETF (JULT) is a ETF from AllianzIM and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JULT returned +14.14% while SPY returned +21.96%. Year to date, JULT is up 9.23% versus a gain of 14.47% for SPY.
Over three years, JULT compounded at +15.58% per year against +21.70% for SPY; over five years the annualized figures are +11.59% and +13.30% respectively. Across the full 6-year window we track, JULT has the edge at +12.26% annualized vs +8.87%. 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 9.6% for JULT. 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 -13.6% for JULT 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JULT charges 0.74% per year while SPY charges 0.09%. On a $10,000 position that is $74 vs $9 annually, a gap of $65 per year that compounds over a long holding period. On income, JULT currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, JULT or SPY?
JULT has an expense ratio of 0.74% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, JULT or SPY?
Over the past year JULT returned +14.14% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), JULT annualized +12.26% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, JULT or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.6% for JULT. Worst drawdown: JULT -13.6% vs SPY -56.5%.
Should I hold both JULT and SPY?
JULT and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, JULT or SPY?
JULT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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