AAPW vs SPY
Roundhill AAPL WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AAPW or SPY?
AAPW has been ahead.
SPY has a lower expense ratio. AAPW led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAPW | SPY |
|---|---|---|
| Expense Ratio | 1.00% | 0.09%Best |
| AUM | $41M | $811.2B |
| Dividend Yield | 29.56% | 0.98% |
| Holdings | 6 | 1,515 |
| YTD Return | +11.58% | +14.77%Best |
| 1Y Return | +22.99%Best | +18.61% |
| 3Y Return (annualized) | - | +22.83% |
| 5Y Return (annualized) | - | +13.84% |
| Volatility (annualized) | 25.2% | 12.8%Best |
| Max Drawdown | -35.3% | -18.8%Best |
| $10,000 over 1.6 years | $13,119Best | $12,850 |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 19, 2025 to Oct 13, 2026 (1.6 years).
AAPW vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
AAPW vs SPY Performance
Roundhill AAPL WeeklyPay ETF (AAPW) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AAPW returned +22.99% while SPY returned +18.61%. Year to date, AAPW is up 11.58% versus a gain of 14.77% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPW has been the more volatile fund, with annualized monthly volatility of 25.2% compared with 12.8% for SPY. 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 -35.3% for AAPW and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AAPW 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, AAPW currently yields 29.56% against 0.98% for SPY.
Holdings Overlap
At least 7.5% of SPY's money is in holdings AAPW also owns.
Stated as a floor: for AAPW, our book for it covers 33.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and AAPW share little of their money.
1 positions in common, counted across the 2 positions we hold weights for in AAPW and 504 in SPY, against full books of 6 and 1,515.
Top Shared Holdings
| Stock | Weight in AAPW | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 13.57% | 7.45% | 6.12% |
You are not choosing between two funds in isolation.
Whichever of AAPW and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAPW or SPY?
AAPW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, AAPW or SPY?
Over the past year AAPW returned +22.99% vs +18.61% for SPY, so AAPW leads on 1-year performance. Over the longest common window we track (2 years), AAPW annualized +18.49% vs +16.97% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPW or SPY?
AAPW has been the more volatile fund at 25.2% annualized versus 12.8% for SPY. Worst drawdown: AAPW -35.3% vs SPY -18.8%.
Should I hold both AAPW and SPY?
AAPW and SPY have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AAPW and SPY?
At least 7.5% of SPY's money is in holdings AAPW also owns. Our book for AAPW is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 2 positions we hold weights for in AAPW and 504 in SPY.
Which pays a higher dividend, AAPW or SPY?
AAPW yields 29.56% while SPY yields 0.98%, so AAPW currently pays the higher dividend yield.
Is SPY better than AAPW?
SPY has a lower expense ratio. AAPW led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.