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

In the year to Sep 13, 2026, with distributions reinvested, NVBT returned +13.3% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.

Which is cheaper, NVBT or SPY?

NVBT charges 0.74% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.

Are NVBT and SPY the same kind of fund?

No. NVBT is a buffer ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

NVBT vs SPY: how they differ

Over the year SPY returned more, +17.5% against +13.3%, and SPY charges 0.09% against 0.74%.

AllianzIM U.S. Equity Buffer10 ETF - Nov and SPDR S&P 500 ETF Trust.

NVBT and SPY on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	NVBT AllianzIM U.S. Equity Buffer10 ETF - Nov	SPY SPDR S&P 500 ETF Trust
Where it sits	Buffer ETF	Core index fund
Issuer	AllianzIM	State Street
What it is	Defined outcome, 10% on SPY	S&P 500
Total return, 1 year	+13.3%	+17.5%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−4.2 pts	0.0 pts
Expense ratio	0.74%	0.09%
Holdings	not filed	505

NVBT in plain words

From its price on Sep 13, 2026, the fund can gain about 4.6% more before it reaches its cap. The fund's price can fall 10.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.8% 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. 49 days remained on Sep 13, 2026. On Oct 31, 2026 the period ends and a new cap is set.

SPY in plain words

SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.

Questions people ask

Which returned more over the last year, NVBT or SPY?: In the year to Sep 13, 2026, with distributions reinvested, NVBT returned +13.3% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
Which is cheaper, NVBT or SPY?: NVBT charges 0.74% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
Are NVBT and SPY the same kind of fund?: No. NVBT is a buffer ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Other comparisons

Where to next

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

NVBT against SPY, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, NVBT against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/nvbt-vs-spy Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources