AIVL vs SPYV
WisdomTree US AI Enhanced Value Fund vs State Street SPDR Portfolio S&P 500 Value ETF
Which is better, AIVL or SPYV?
Each has led over a different period.
SPYV has a lower expense ratio. AIVL led over 1Y, SPYV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPYV is less concentrated, with 24.1% of the fund in its ten largest positions against 29.3%.
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 | SPYV |
|---|---|---|
| Expense Ratio | 0.38% | 0.04%Best |
| AUM | $414M | $36.6B |
| Dividend Yield | 1.53% | 1.73% |
| Holdings | 103 | 880 |
| YTD Return | +15.75%Best | +11.42% |
| 1Y Return | +17.67%Best | +15.80% |
| 3Y Return (annualized) | +16.26% | +16.65%Best |
| 5Y Return (annualized) | +8.46% | +11.38%Best |
| Volatility (annualized) | 15.8% | 15.4%Best |
| Max Drawdown | -65.1% | -60.4%Best |
| $10,000 over 5 years | $15,009 | $17,141Best |
| Top 10 Weight | 29.3% | 24.1%Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 16, 2006 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2006 to Oct 14, 2026 (20.3 years).
AIVL vs SPYV 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 SPYV Performance
WisdomTree US AI Enhanced Value Fund (AIVL) is an ETF from WisdomTree Investments and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management. Over the past year AIVL returned +17.67% while SPYV returned +15.80%. Year to date, AIVL is up 15.75% versus a gain of 11.42% for SPYV.
Over three years, AIVL compounded at +16.26% per year against +16.65% for SPYV; over five years the annualized figures are +8.46% and +11.38% respectively. Across the full 20-year window we track, SPYV has the edge at +6.94% 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 15.4% for SPYV. 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 -60.4% for SPYV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AIVL charges 0.38% per year while SPYV charges 0.04%. On a $10,000 position that is $38 vs $4 annually, a gap of $34 per year that compounds over a long holding period. On income, AIVL currently yields 1.53% against 1.73% for SPYV.
Holdings Overlap
70.6% of AIVL's money is in holdings SPYV also owns. 30.2% of SPYV's money is in holdings AIVL also owns.
Most of AIVL is already inside SPYV. Owning both mostly buys the same companies twice.
71 positions in common, counted across the 122 positions we hold weights for in AIVL and 439 in SPYV, against full books of 103 and 880.
What only one of them owns
Our book lists 363 positions for SPYV that do not appear in our book for AIVL (69.0% of the fund), and 49 for AIVL that do not appear in SPYV (27.2%).
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 SPYV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.31% | 8.12% | 3.81% |
| AMZNAmazon.Com Inc | 4.26% | 3.93% | 0.33% |
| BACBank of America Corp.: Financials | 2.83% | 1.36% | 1.47% |
| PGProcter & Gamble Company | 3.04% | 1.13% | 1.91% |
| INTCIntel Corporation | 1.47% | 1.69% | 0.22% |
| MDTMedtronic Plc Ordinary Shares | 2.27% | 0.39% | 1.88% |
| MOAltria Group Inc | 2.28% | 0.38% | 1.90% |
| USBUS Bancorp | 2.20% | 0.32% | 1.88% |
| KMIKinder Morgan Inc./de | 2.27% | 0.20% | 2.07% |
| ICEIntercontinental Exchange Grp Usd0.01 | 2.17% | 0.30% | 1.87% |
70.6% of AIVL is already inside SPYV.
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 SPYV?
AIVL has an expense ratio of 0.38% while SPYV charges 0.04%. SPYV is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, AIVL or SPYV?
Over the past year AIVL returned +17.67% vs +15.80% for SPYV, so AIVL leads on 1-year performance. Over the longest common window we track (20 years), AIVL annualized +5.48% vs +6.94% for SPYV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AIVL or SPYV?
AIVL has been the more volatile fund at 15.8% annualized versus 15.4% for SPYV. Worst drawdown: AIVL -65.1% vs SPYV -60.4%.
Should I hold both AIVL and SPYV?
AIVL and SPYV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AIVL and SPYV?
70.6% of AIVL's money is in holdings SPYV also owns. 30.2% of SPYV's is in holdings AIVL also owns. They hold 71 positions in common, counted across the 122 positions we hold weights for in AIVL and 439 in SPYV.
Which pays a higher dividend, AIVL or SPYV?
AIVL yields 1.53% while SPYV yields 1.73%, so SPYV currently pays the higher dividend yield.
Is SPYV better than AIVL?
SPYV has a lower expense ratio. AIVL led over 1Y, SPYV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. SPYV is less concentrated, with 24.1% of the fund in its ten largest positions against 29.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.