ACP vs SPY
ACP vs SPY
Abrdn Income Credit Strategies Fund 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 | ACP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 2.86% | 0.09% | |
| AUM | $805M | $789.1B | |
| Dividend Yield | 16.88% | 1.01% | |
| Holdings | 214 | 505 | |
| YTD Return | +3.47% | +13.50% | |
| 1Y Return | +0.66% | +23.56% | |
| 3Y Return (annualized) | +7.19% | +21.17% | |
| 5Y Return (annualized) | -0.02% | +13.46% | |
| Volatility (annualized) | 19.6% | 15.3% | |
| Max Drawdown | -70.9% | -56.5% | |
| Fund Family | Aberdeen | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 27, 2011 | Jan 22, 1993 |
ACP vs SPY Performance
Abrdn Income Credit Strategies Fund (ACP) is a ETF from Aberdeen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ACP returned +0.66% while SPY returned +23.56%. Year to date, ACP is up 3.47% versus a gain of 13.50% for SPY.
Over three years, ACP compounded at +7.19% per year against +21.17% for SPY; over five years the annualized figures are -0.02% and +13.46% respectively. Across the full 16-year window we track, SPY has the edge at +8.85% annualized vs -3.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACP has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 15.3% 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 -70.9% for ACP 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACP charges 2.86% per year while SPY charges 0.09%. On a $10,000 position that is $286 vs $9 annually, a gap of $277 per year that compounds over a long holding period. On income, ACP currently yields 16.88% against 1.01% for SPY.
Holdings Overlap
ACP and SPY share 0 holdings out of 584 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACP or SPY?
ACP has an expense ratio of 2.86% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $277 per year of difference.
Which performed better, ACP or SPY?
Over the past year ACP returned +0.66% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (16 years), ACP annualized -3.29% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ACP or SPY?
ACP has been the more volatile fund at 19.6% annualized versus 15.3% for SPY. Worst drawdown: ACP -70.9% vs SPY -56.5%.
Should I hold both ACP and SPY?
ACP and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACP and SPY?
ACP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 584 unique securities.
Which pays a higher dividend, ACP or SPY?
ACP yields 16.88% while SPY yields 1.01%, so ACP 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.