AINP vs SPY
AINP vs SPY
Allspring Income Plus 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 | AINP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.09% | |
| AUM | $217M | $789.1B | |
| Dividend Yield | 5.83% | 1.01% | |
| Holdings | 411 | 505 | |
| YTD Return | +0.85% | +9.93% | |
| 1Y Return | +4.20% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 2.5% | 15.3% | |
| Max Drawdown | -2.6% | -56.5% | |
| Fund Family | Allspring Global Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 4, 2024 | Jan 22, 1993 |
AINP vs SPY Performance
Allspring Income Plus ETF (AINP) is a ETF from Allspring Global Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AINP returned +4.20% while SPY returned +19.50%. Year to date, AINP is up 0.85% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.5% for AINP. 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 -2.6% for AINP 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AINP charges 0.36% per year while SPY charges 0.09%. On a $10,000 position that is $36 vs $9 annually, a gap of $27 per year that compounds over a long holding period. On income, AINP currently yields 5.83% against 1.01% for SPY.
Holdings Overlap
AINP and SPY share 0 holdings out of 674 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, AINP or SPY?
AINP has an expense ratio of 0.36% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, AINP or SPY?
Over the past year AINP returned +4.20% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), AINP annualized +4.24% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, AINP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.5% for AINP. Worst drawdown: AINP -2.6% vs SPY -56.5%.
Should I hold both AINP and SPY?
AINP and SPY have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AINP and SPY?
AINP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 674 unique securities.
Which pays a higher dividend, AINP or SPY?
AINP yields 5.83% while SPY yields 1.01%, so AINP currently pays the higher dividend yield.
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