Are APRT and SPY in the same category?

APRT is a buffer ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, APRT or SPY?

In the year to Oct 28, 2026, with distributions reinvested, APRT returned +15.6% and SPY +13.6%.

Which is cheaper, APRT or SPY?

SPY is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

APRT vs SPY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, APRT returned +15.6% to SPY's +13.6%, and SPY charges 0.09% to APRT's 0.74%.

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Net assets on Oct 27, 2026: $47m for AllianzIM U.S. Equity Buffer10 ETF - Apr and $814.8bn for SPDR S&P 500 ETF Trust.

APRT on its own →SPY on its own →

At a glance

+15.6%

APRT total return, 1 year

+13.6%

SPY total return, 1 year

0.74%

APRT expense ratio

0.09%

SPY expense ratio

Pair scorecard

SPY costs 0.65 points a year less; their one-year returns differ by 2.0 points; SPY is far larger, $814.8bn against $47m.

APRT vs SPY: Differences, Returns & Fees
Measure	APRT	SPY
Return
Measure	APRT	SPY
Total return, 1 year	+15.6%	+13.6%
Drawdown
Measure	APRT	SPY
Index fall to the buffer	15.8%
Fund price fall to the buffer	11.0%
Benchmark
Measure	APRT	SPY
What it tracks	SPY	S&P 500 Index
The outcome period
Measure	APRT	SPY
Buffer left, in index points	10.0% of 10.0%
Days left in the period	154
Period ends	Mar 31, 2027
Cost and size
Measure	APRT	SPY
Expense ratio	0.74%	0.09%
Net assets, as of Oct 27, 2026	$47m	$814.8bn
Holdings
Measure	APRT	SPY
Holdings in common	not published
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		38.1%

Method

Risk and return

Jun 12, 2020 to Oct 23, 2026 · 332 weekly returns

APRT SPY

Return

Total return edge SPY +98.9% +173.2%

Annualized edge SPY +11.4% +17.1%

Price return edge SPY +90.0% +149.8%

Risk

Volatility edge APRT 9.6% 15.9%

Max drawdown edge APRT −13.7% −23.9%

Downside capture 61.3% 100.0%

Beta 0.57 1.00

Risk-adjusted

Sharpe edge SPY (slight) 0.85 0.88

Sortino edge SPY (slight) 1.30 1.35

Treynor 0.142 0.133

Calmar edge APRT 0.83 0.71

Against the benchmark

Alpha +0.2% a year −0.1% a year

Alpha t-stat 0.14 −0.51

Information ratio −0.78 −0.15

Tracking error 7.4% 0.4%

Each against its own benchmark: APRT against SPY, Jun 12, 2020 to Oct 23, 2026; SPY against VOO, Sep 17, 2010 to Oct 23, 2026.

Reading

SPY returned more: +173.2% to +98.9%. APRT swung less: 9.6% to 15.9%. APRT fell less at its worst: −13.7% to −23.9%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: APRT vs SPY: Differences, Returns & Fees
Measure	APRT	SPY	Edge	How it is measured
Return
Total return	+98.9%	+173.2%	SPY	Price change plus distributions, reinvested.
Annualized	+11.4%	+17.1%	SPY	Total return as a yearly rate.
Price return	+90.0%	+149.8%	SPY	Price change alone, distributions left out.
Risk
Volatility	9.6%	15.9%	APRT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.2%	10.3%	APRT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−13.7%	−23.9%	APRT	Deepest fall from a high to the low after it.
Upside capture	44.9%	99.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	61.3%	100.0%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.57	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.90	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.85	0.88	SPY (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.30	1.35	SPY (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.142	0.133		Return above Treasury bills per unit of beta.
Calmar	0.83	0.71	APRT	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	SPY	VOO		The ETF each fund is measured against.
Alpha	+0.2% a year	−0.1% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.14	−0.51	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.2% to +2.5%	−0.3% to +0.1%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.78	−0.15		Return against its benchmark per unit of tracking error.
Tracking error	7.4%	0.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 332 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

APRT AllianzIM U.S. Equity Buffer10 ETF - Apr SPY SPDR S&P 500 ETF Trust

Where it sits Buffer ETF Stock ETF

Issuer AllianzIM State Street

What it is Defined outcome, 10% on SPY Tracks the S&P 500

Total return, 1 year +15.6% +13.6%

Its benchmark over the same days +12.4% (SPY) +13.7% (VOO)

Gap to its benchmark +3.2 pts vs SPY −0.1 pts vs VOO

Expense ratio 0.74% 0.09%

Holdings not read by ETFIQ 504

Net assets, as of Oct 27, 2026 $47m $814.8bn

APRT and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-BA43E105A2

APRT and SPY do different jobs. What does each one do in a portfolio?

What each follows. APRT follows SPY and SPY follows S&P 500 Index.
One-year total return. Over 1 year to Oct 28, 2026 APRT returned +15.6% and SPY +13.6% with distributions reinvested, a gap of 2.0 points.
Cost. APRT charges 0.74% of assets a year and SPY 0.09%, a gap of 0.65 points.

Data as of Oct 28, 2026.

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About each fund

APRT

SPY had already risen past this fund's cap of +17.3% for the period on Oct 28, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.5% as the period runs out.

The fund's price can fall 11.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 15.8% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 154 days remained on Oct 28, 2026. On Mar 31, 2027 the period ends and a new cap is set.

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.

Questions people ask

Are APRT and SPY in the same category?: APRT is a buffer ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, APRT or SPY?: In the year to Oct 28, 2026, with distributions reinvested, APRT returned +15.6% and SPY +13.6%.
Which is cheaper, APRT or SPY?: SPY is cheaper, by 0.65 percentage points a year. That is about $65 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

APRT vs IVV APRT vs VOO APRT vs SPYM CPSD vs SPY FEBM vs SPY CPSA vs SPY CPSJ vs SPY PBSE vs SPY

Where to next

APRT on its own →SPY on its own →Hold both: look the portfolio through →Rankings →SPY dividend history →SPY holdings →Standards and sources →

Sources and dates

APRT filings on SEC EDGAR ↗

AllianzIM page for APRT ↗

SPY filings on SEC EDGAR ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, APRT against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/aprt-vs-spy

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