AAA vs SPY

AAAA

BSPY

Measures won3–3level · of 6 · 5Y

$10,000 · 5Y$17,177IVV · SPY $17,118

Lowest cost0.03%IVV · $3 on $10k

Most income4.60%AAA · $460 on $10k

Smallest drop−1.1%AAA · worst fall in 1Y

Held in common[…]AAA and SPY

AAA

SPY

Alternative Access First Priority CLO Bond ETF · $72MState Street SPDR S&P 500 ETF · $778B

+5.5%3 years · per year$11,734 · $18,039+21.7%

+4.8%5 years · per year$12,662 · $17,118+11.3%

0.19%Expense ratio$19 · $9 on $10k · lower wins0.09%

4.60%12-mo yield$460 · $103 on $10k1.03%

−1.1%Worst dropSmaller wins−8.9%

3.0%VolatilityLower wins13.6%

3–3Level

$10,000 · 5 yearsAll three, one scale

Shared top holdingsAAA · SPY

They share no top holdings, or holdings aren’t on file […]

Held in common[…]

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$777.7B
3	AAAA	Alternative Access First Priority CLO Bond ETFRead Desk	0.19%	4.60%	−0.1%	+3.2%	+4.1%	+5.5%	+4.8%	−1.1%	$72M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$852.9B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$777.7B
3	AAAA	Alternative Access First Priority CLO Bond ETFRead Desk	0.19%	4.60%	−0.1%	+3.2%	+4.1%	+5.5%	+4.8%	−1.1%	$72M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

AAA vs SPY

AAA

Alternative Access First Priority CLO Bond

$12,662

SPY

SPDR S&P 500

$17,118

MeasureAAASPY

Fee0.19%0.09%

Cost on $10k a year$19$9

Yield4.60%1.03%

5 years, per year+4.8%+11.3%

3 years, per year+5.5%+21.7%

Worst drop · 1Y−1.1%−8.9%

Volatility · 1Y3.0%13.6%

3–3measures won
level

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$178BAssets$778B

2–0SPYM wins

End-of-day Nov 6, 2026

VOO vs IVV

YTD

VanguardVOO

+8.7%

IVViShares

+8.7%

+8.7%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$853B

0–0level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: AAA, SPY, IVV

Today

99.9%most shared, SPY and IVV

AAASPYIVV

AAA—[…][…]

SPY[…]—99.9%

IVV[…]99.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$441most kept, AAA

AAA$460 − $19 = $441

IVV$114 − $3 = $111

SPY$103 − $9 = $94

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee