QBSF vs SPY
AllianzIM US Equity Buffer15 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 | QBSF | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.09% | |
| AUM | $58M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +4.08% | +12.22% | |
| 1Y Return | +7.70% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 2.3% | 15.3% | |
| Max Drawdown | -1.6% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2025 | Jan 22, 1993 |
QBSF vs SPY Performance
AllianzIM US Equity Buffer15 ETF (QBSF) 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 QBSF returned +7.70% while SPY returned +20.83%. Year to date, QBSF is up 4.08% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.3% for QBSF. 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 -1.6% for QBSF 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QBSF charges 0.64% per year while SPY charges 0.09%. On a $10,000 position that is $64 vs $9 annually, a gap of $55 per year that compounds over a long holding period. On income, QBSF currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, QBSF or SPY?
QBSF has an expense ratio of 0.64% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, QBSF or SPY?
Over the past year QBSF returned +7.70% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), QBSF annualized +7.93% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, QBSF or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.3% for QBSF. Worst drawdown: QBSF -1.6% vs SPY -56.5%.
Should I hold both QBSF and SPY?
QBSF and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, QBSF or SPY?
QBSF yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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