SPY vs XNAV
State Street SPDR S&P 500 ETF Trust vs FundX Aggressive ETF
Which is better, SPY or XNAV?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 63.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | XNAV |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.27% |
| AUM | $823.2B | $31M |
| Dividend Yield | 0.99% | 0.52% |
| Holdings | 1,515 | 44 |
| YTD Return | +13.53%Best | +9.19% |
| 1Y Return | +17.47%Best | +14.41% |
| 3Y Return (annualized) | +22.36%Best | +19.80% |
| 5Y Return (annualized) | +13.21% | - |
| Volatility (annualized) | 12.8%Best | 16.5% |
| Max Drawdown | -18.8%Best | -24.3% |
| $10,000 over 4 years | $22,132Best | $19,639 |
| Top 10 Weight | 38.2%Best | 63.1% |
| Fund Family | State Street Investment Management | FundX Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Oct 14, 2022 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 17, 2022 to Oct 14, 2026 (4 years).
SPY vs XNAV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4 years both funds cover.
SPY vs XNAV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and FundX Aggressive ETF (XNAV) is an ETF from FundX Funds. Over the past year SPY returned +17.47% while XNAV returned +14.41%. Year to date, SPY is up 13.53% versus a gain of 9.19% for XNAV.
Over three years, SPY compounded at +22.36% per year against +19.80% for XNAV. Across the full 4-year window we track, SPY has the edge at +21.97% annualized vs +18.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XNAV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.8% for SPY. 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 -18.8% for SPY and -24.3% for XNAV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XNAV charges 1.27%. On a $10,000 position that is $9 vs $127 annually, a gap of $118 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 0.52% for XNAV.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 21 in XNAV, totalling 99.8% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 21 in XNAV, against full books of 1,515 and 44.
What only one of them owns
Our book lists 21 positions for XNAV that do not appear in our book for SPY (100.1% of the fund), and 496 for SPY that do not appear in XNAV (99.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPY and XNAV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or XNAV?
SPY has an expense ratio of 0.09% while XNAV charges 1.27%. SPY is the cheaper option, by $118 a year on a $10,000 investment.
Which performed better, SPY or XNAV?
Over the past year SPY returned +17.47% vs +14.41% for XNAV, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +21.97% vs +18.38% for XNAV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XNAV?
XNAV has been the more volatile fund at 16.5% annualized versus 12.8% for SPY. Worst drawdown: SPY -18.8% vs XNAV -24.3%.
Should I hold both SPY and XNAV?
SPY and XNAV have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or XNAV?
SPY yields 0.99% while XNAV yields 0.52%, so SPY currently pays the higher dividend yield.
Is XNAV better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 63.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.