AGOX vs SPY
AGOX vs SPY
Adaptive Alpha Opportunities 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 | AGOX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.33% | 0.09% | |
| AUM | $371M | $789.1B | |
| Dividend Yield | 2.65% | 1.01% | |
| Holdings | 464 | 505 | |
| YTD Return | +19.32% | +13.10% | |
| 1Y Return | +19.58% | +22.80% | |
| 3Y Return (annualized) | +14.53% | +20.98% | |
| 5Y Return (annualized) | +7.58% | +13.20% | |
| Volatility (annualized) | 18.7% | 15.3% | |
| Max Drawdown | -26.9% | -56.5% | |
| Fund Family | Adaptive ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2012 | Jan 22, 1993 |
AGOX vs SPY Performance
Adaptive Alpha Opportunities ETF (AGOX) is a ETF from Adaptive ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AGOX returned +19.58% while SPY returned +22.80%. Year to date, AGOX is up 19.32% versus a gain of 13.10% for SPY.
Over three years, AGOX compounded at +14.53% per year against +20.98% for SPY; over five years the annualized figures are +7.58% and +13.20% respectively. Across the full 5-year window we track, SPY has the edge at +8.83% annualized vs +8.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AGOX has been the more volatile fund, with annualized monthly volatility of 18.7% 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 -26.9% for AGOX 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AGOX charges 1.33% per year while SPY charges 0.09%. On a $10,000 position that is $133 vs $9 annually, a gap of $124 per year that compounds over a long holding period. On income, AGOX currently yields 2.65% against 1.01% for SPY.
Holdings Overlap
AGOX and SPY share 7 holdings out of 534 unique holdings combined, representing a 4.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AGOX | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 1.91% | 7.31% | 5.40% |
| WDC | 3.69% | 0.31% | 3.38% |
| TSLA | 0.68% | 1.82% | 1.14% |
| HWM | Pro | Pro | Pro |
| PLTR | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| VST | Pro | Pro | Pro |
See all 7 holdings AGOX shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, AGOX or SPY?
AGOX has an expense ratio of 1.33% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $124 per year of difference.
Which performed better, AGOX or SPY?
Over the past year AGOX returned +19.58% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), AGOX annualized +8.66% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, AGOX or SPY?
AGOX has been the more volatile fund at 18.7% annualized versus 15.3% for SPY. Worst drawdown: AGOX -26.9% vs SPY -56.5%.
Should I hold both AGOX and SPY?
AGOX and SPY have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AGOX and SPY?
AGOX and SPY share 7 common holdings with a 4.0% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, AGOX or SPY?
AGOX yields 2.65% while SPY yields 1.01%, so AGOX currently pays the higher dividend yield.
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