SPYV vs. AIPI

Last updated Jun 14, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - SPYV is a S&P 500 fund tracking the S&P 500 Value Index, while AIPI is a Derivative Income fund actively managed by REX. SPYV is passively managed, while AIPI is actively managed. Over the past year, SPYV returned 21.87% vs 23.12% for AIPI. At a 0.47 correlation, their price movements are largely independent. SPYV charges 0.04%/yr vs 0.65%/yr for AIPI.

Performance

SPYV vs. AIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and REX AI Equity Premium Income ETF (AIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYV achieves a 8.25% return, which is significantly higher than AIPI's 6.90% return.

SPYV

• 1D: 0.69%
• 1M: 2.32%
• YTD: 8.25%
• 6M: 8.02%
• 1Y: 21.87%
• 3Y*: 15.13%
• 5Y*: 10.98%
• 10Y*: 12.08%

AIPI

• 1D: -0.32%
• 1M: 2.47%
• YTD: 6.90%
• 6M: 6.01%
• 1Y: 23.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPYV SPDR Portfolio S&P 500 Value ETF	8.25%	13.18%	5.89%
AIPI REX AI Equity Premium Income ETF	6.90%	16.38%	15.79%

Correlation

The correlation between SPYV and AIPI is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.47

SPYV vs. AIPI - Sectors Allocation Comparison

Sectors	SPYV	AIPI
Technology	22.4%	93.0%
Financial Services	14.5%	-
Healthcare	11.5%	-
Consumer Cyclical	11.1%	2.3%
Industrials	10.5%	-
Consumer Defensive	8.9%	-
Energy	7.0%	-
Utilities	4.3%	-
Real Estate	3.4%	-
Basic Materials	3.3%	-
Communication Services	3.2%	4.7%

Return for Risk

SPYV vs. AIPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

AIPI

AIPI Risk / Return Rank: 40
AIPI Sharpe Ratio Rank: 45
AIPI Sortino Ratio Rank: 41
AIPI Omega Ratio Rank: 44
AIPI Calmar Ratio Rank: 36
AIPI Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYV vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and REX AI Equity Premium Income ETF (AIPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPYV	AIPI	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.38	+0.70
Sortino ratio: Return per unit of downside risk	2.92	1.85	+1.07
Omega ratio: Gain probability vs. loss probability	1.37	1.25	+0.12
Calmar ratio: Return relative to maximum drawdown	3.33	1.57	+1.77
Martin ratio: Return relative to average drawdown	12.73	4.82	+7.90

SPYV vs. AIPI - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is higher than the AIPI Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of SPYV and AIPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYV vs. AIPI - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for SPYV and AIPI.

Drawdown Indicators

	SPYV	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-25.25%	-33.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-14.40%	+8.18%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	—	—
Current Drawdown Current decline from peak	-0.18%	-4.20%	+4.02%
Average Drawdown Average peak-to-trough decline	-8.71%	-4.64%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	4.67%	-3.04%

Volatility

SPYV vs. AIPI - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while REX AI Equity Premium Income ETF (AIPI) has a volatility of 5.30%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYV	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	5.30%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	13.53%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	16.36%	-6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	21.42%	-7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	21.42%	-4.48%

SPYV vs. AIPI - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than AIPI's 0.65% expense ratio.

Dividends

SPYV vs. AIPI - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, less than AIPI's 36.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPI REX AI Equity Premium Income ETF	36.97%	37.84%	18.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both SPYV and AIPI in my portfolio?

SPYV and AIPI have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYV or AIPI?

AIPI has higher volatility (5.30%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs AIPI's -25.25%.

Which ETF is better, SPYV or AIPI?

On 1-year performance, AIPI leads with 23.12% vs 21.87% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYV or AIPI?

Over the 1-year period, AIPI has performed better with a 23.12% return vs 21.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYV or AIPI?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.65% for AIPI.

Which ETF pays a higher dividend yield, SPYV or AIPI?

AIPI has the higher dividend yield at 36.97%, compared with 1.68% for SPYV.

What is the main difference between SPYV and AIPI?

SPYV is categorized as S&P 500, while AIPI is Derivative Income. They also come from different issuers: State Street and REX. Their fees differ too: 0.04% for SPYV and 0.65% for AIPI.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.08 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.