LEXI vs SPY
Alexis Practical Tactical ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LEXI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | LEXI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $185M | $789.1B | |
| Dividend Yield | 0.83% | 1.01% | |
| Holdings | 38 | 505 | |
| YTD Return | +15.14% | +13.68% | |
| 1Y Return | +24.73% | +21.53% | |
| 3Y Return (annualized) | +19.65% | +21.44% | |
| 5Y Return (annualized) | +11.15% | +13.18% | |
| Volatility (annualized) | 14.2% | 15.3% | |
| Max Drawdown | -22.0% | -56.5% | |
| Fund Family | Alexis Investment Partners, LLC | State Street Investment Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 30, 2021 | Jan 22, 1993 |
LEXI vs SPY Performance
Alexis Practical Tactical ETF (LEXI) is a ETF from Alexis Investment Partners, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LEXI returned +24.73% while SPY returned +21.53%. Year to date, LEXI is up 15.14% versus a gain of 13.68% for SPY.
Over three years, LEXI compounded at +19.65% per year against +21.44% for SPY; over five years the annualized figures are +11.15% and +13.18% respectively. Across the full 5-year window we track, LEXI has the edge at +11.42% 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 14.2% for LEXI. 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 -22.0% for LEXI 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LEXI charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, LEXI currently yields 0.83% against 1.01% for SPY.
Holdings Overlap
LEXI and SPY share 13 holdings out of 529 unique holdings combined, representing a 7.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LEXI or SPY?
LEXI has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, LEXI or SPY?
Over the past year LEXI returned +24.73% vs +21.53% for SPY, so LEXI leads on 1-year performance. Over the longest common window we track (5 years), LEXI annualized +11.42% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, LEXI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.2% for LEXI. Worst drawdown: LEXI -22.0% vs SPY -56.5%.
Should I hold both LEXI and SPY?
LEXI and SPY have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between LEXI and SPY?
LEXI and SPY share 13 common holdings with a 7.9% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, LEXI or SPY?
LEXI yields 0.83% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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