JUNW vs SPY
AllianzIM US Equity Buffer20 Jun 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 503 holdings.
Side-by-Side Comparison
| Metric | JUNW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $370M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +4.66% | +13.79% | |
| 1Y Return | +8.62% | +23.66% | |
| 3Y Return (annualized) | +10.50% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 5.0% | 15.3% | |
| Max Drawdown | -8.6% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 31, 2023 | Jan 22, 1993 |
JUNW vs SPY Performance
AllianzIM US Equity Buffer20 Jun ETF (JUNW) 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 JUNW returned +8.62% while SPY returned +23.66%. Year to date, JUNW is up 4.66% versus a gain of 13.79% for SPY.
Over three years, JUNW compounded at +10.50% per year against +21.40% for SPY. Across the full 3-year window we track, JUNW has the edge at +10.82% annualized vs +8.85%. 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 5.0% for JUNW. 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 -8.6% for JUNW 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JUNW 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, JUNW currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, JUNW or SPY?
JUNW 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, JUNW or SPY?
Over the past year JUNW returned +8.62% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), JUNW annualized +10.82% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JUNW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.0% for JUNW. Worst drawdown: JUNW -8.6% vs SPY -56.5%.
Should I hold both JUNW and SPY?
JUNW and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, JUNW or SPY?
JUNW yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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