JULW vs SPY
AllianzIM US Equity Buffer20 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 | JULW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $253M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +5.55% | +12.22% | |
| 1Y Return | +9.26% | +20.83% | |
| 3Y Return (annualized) | +11.73% | +21.70% | |
| 5Y Return (annualized) | +9.13% | +12.98% | |
| Volatility (annualized) | 5.9% | 15.3% | |
| Max Drawdown | -9.5% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2020 | Jan 22, 1993 |
JULW vs SPY Performance
AllianzIM US Equity Buffer20 Jul ETF (JULW) 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 JULW returned +9.26% while SPY returned +20.83%. Year to date, JULW is up 5.55% versus a gain of 12.22% for SPY.
Over three years, JULW compounded at +11.73% per year against +21.70% for SPY; over five years the annualized figures are +9.13% and +12.98% respectively. Across the full 6-year window we track, JULW has the edge at +8.88% annualized vs +8.79%. 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 5.9% for JULW. 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 -9.5% for JULW 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JULW 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, JULW currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, JULW or SPY?
JULW 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, JULW or SPY?
Over the past year JULW returned +9.26% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), JULW annualized +8.88% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, JULW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.9% for JULW. Worst drawdown: JULW -9.5% vs SPY -56.5%.
Should I hold both JULW and SPY?
JULW and SPY have a monthly-return correlation of 0.91, 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, JULW or SPY?
JULW yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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