SEPU vs SPY
AllianzIM US Equity Buffer15 Uncapped Sep 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 | SEPU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.09% | |
| AUM | $156M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +10.48% | +13.68% | |
| 1Y Return | +15.91% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 9.5% | 15.3% | |
| Max Drawdown | -11.8% | -56.5% | |
| Fund Family | AllianzIM | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 30, 2024 | Jan 22, 1993 |
SEPU vs SPY Performance
AllianzIM US Equity Buffer15 Uncapped Sep ETF (SEPU) 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 SEPU returned +15.91% while SPY returned +21.53%. Year to date, SEPU is up 10.48% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.5% for SEPU. 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 -11.8% for SEPU 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SEPU 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, SEPU currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, SEPU or SPY?
SEPU 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, SEPU or SPY?
Over the past year SEPU returned +15.91% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SEPU annualized +14.40% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SEPU or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.5% for SEPU. Worst drawdown: SEPU -11.8% vs SPY -56.5%.
Should I hold both SEPU and SPY?
SEPU and SPY have a monthly-return correlation of 0.99, 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, SEPU or SPY?
SEPU yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.