AIVL vs SPY
WisdomTree US AI Enhanced Value Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, AIVL or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. AIVL led over 1Y, SPY over 3Y, 5Y and the full window. AIVL is less concentrated, with 29.3% of the fund in its ten largest positions against 38.2%.
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 | AIVL | SPY |
|---|---|---|
| Expense Ratio | 0.38% | 0.09%Best |
| AUM | $414M | $823.2B |
| Dividend Yield | 1.53% | 0.99% |
| Holdings | 103 | 1,515 |
| YTD Return | +15.75%Best | +13.53% |
| 1Y Return | +17.67%Best | +17.47% |
| 3Y Return (annualized) | +16.26% | +22.36%Best |
| 5Y Return (annualized) | +8.46% | +13.21%Best |
| Volatility (annualized) | 15.8% | 15.2%Best |
| Max Drawdown | -65.1% | -56.5%Best |
| $10,000 over 5 years | $15,009 | $18,596Best |
| Top 10 Weight | 29.3%Best | 38.2% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 16, 2006 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2006 to Oct 14, 2026 (20.3 years).
AIVL 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 20.3 years both funds cover.
AIVL vs SPY Performance
WisdomTree US AI Enhanced Value Fund (AIVL) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AIVL returned +17.67% while SPY returned +17.47%. Year to date, AIVL is up 15.75% versus a gain of 13.53% for SPY.
Over three years, AIVL compounded at +16.26% per year against +22.36% for SPY; over five years the annualized figures are +8.46% and +13.21% respectively. Across the full 20-year window we track, SPY has the edge at +9.78% annualized vs +5.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AIVL has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.2% 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 -65.1% for AIVL and -56.5% 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AIVL charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, AIVL currently yields 1.53% against 0.99% for SPY.
Holdings Overlap
76.3% of AIVL's money is in holdings SPY also owns. 31.6% of SPY's money is in holdings AIVL also owns.
Most of AIVL is already inside SPY. Owning both mostly buys the same companies twice.
81 positions in common, counted across the 122 positions we hold weights for in AIVL and 504 in SPY, against full books of 103 and 1,515.
What only one of them owns
Our book lists 415 positions for SPY that do not appear in our book for AIVL (67.5% of the fund), and 39 for AIVL that do not appear in SPY (21.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AIVL | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.31% | 7.45% | 3.14% |
| MSFTMicrosoft Corp | 3.63% | 5.71% | 2.08% |
| AMZNAmazon.Com Inc | 4.26% | 3.78% | 0.48% |
| PGProcter & Gamble Company | 3.04% | 0.52% | 2.52% |
| BACBank of America Corp.: Financials | 2.83% | 0.59% | 2.24% |
| MOAltria Group Inc | 2.28% | 0.18% | 2.10% |
| KMIKinder Morgan Inc./de | 2.27% | 0.09% | 2.18% |
| USBUS Bancorp | 2.20% | 0.15% | 2.05% |
| ICEIntercontinental Exchange Grp Usd0.01 | 2.17% | 0.14% | 2.03% |
| CMCSAComcast Corp. Class A | 2.07% | 0.14% | 1.93% |
76.3% of AIVL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AIVL or SPY?
AIVL has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, AIVL or SPY?
Over the past year AIVL returned +17.67% vs +17.47% for SPY, so AIVL leads on 1-year performance. Over the longest common window we track (20 years), AIVL annualized +5.48% vs +9.78% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIVL or SPY?
AIVL has been the more volatile fund at 15.8% annualized versus 15.2% for SPY. Worst drawdown: AIVL -65.1% vs SPY -56.5%.
Should I hold both AIVL and SPY?
AIVL and SPY have a monthly-return correlation of 0.89, 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 AIVL and SPY?
76.3% of AIVL's money is in holdings SPY also owns. 31.6% of SPY's is in holdings AIVL also owns. They hold 81 positions in common, counted across the 122 positions we hold weights for in AIVL and 504 in SPY.
Which pays a higher dividend, AIVL or SPY?
AIVL yields 1.53% while SPY yields 0.99%, so AIVL currently pays the higher dividend yield.
Is SPY better than AIVL?
SPY has a lower expense ratio. AIVL led over 1Y, SPY over 3Y, 5Y and the full window. AIVL is less concentrated, with 29.3% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.