SPY vs XQQI
State Street SPDR S&P 500 ETF Trust vs NEOS Boosted Nasdaq-100 High Income ETF
Which is better, SPY or XQQI?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.3%.
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 | XQQI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.98% |
| AUM | $823.2B | $381M |
| Dividend Yield | 0.99% | 11.96% |
| Holdings | 1,515 | 213 |
| YTD Return | +13.53% | +14.06%Best |
| 1Y Return | +17.47% | - |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Top 10 Weight | 38.2%Best | 47.3% |
| Fund Family | State Street Investment Management | NEOS |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Feb 2, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs XQQI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs XQQI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and NEOS Boosted Nasdaq-100 High Income ETF (XQQI) is an ETF from NEOS. Year to date, SPY is up 13.53% versus a gain of 14.06% for XQQI.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XQQI charges 0.98%. On a $10,000 position that is $9 vs $98 annually, a gap of $89 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 11.96% for XQQI.
Holdings Overlap
54.2% of SPY's money is in holdings XQQI also owns. 94.6% of XQQI's money is in holdings SPY also owns.
Most of XQQI is already inside SPY. Owning both mostly buys the same companies twice.
86 positions in common, counted across the 504 positions we hold weights for in SPY and 102 in XQQI, against full books of 1,515 and 213.
What only one of them owns
Our book lists 10 positions for XQQI that do not appear in our book for SPY (3.6% of the fund), and 410 for SPY that do not appear in XQQI (44.9%).
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.
Top Shared Holdings
| Stock | Weight in SPY | Weight in XQQI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.78% | 8.55% | 0.77% |
| AAPLApple, Inc | 7.45% | 7.42% | 0.03% |
| MSFTMicrosoft Corp | 5.71% | 5.76% | 0.05% |
| AMZNAmazon.Com Inc | 3.78% | 4.13% | 0.35% |
| MUMicron Technology, Inc. | 1.59% | 5.27% | 3.68% |
| GOOGLAlphabet Inc | 3.12% | 3.04% | 0.08% |
| METAMeta Platforms Inc | 2.22% | 3.32% | 1.10% |
| AMDAdvanced Micro Devices Inc | 1.22% | 4.29% | 3.07% |
| GOOGAlphabet Inc. C | 2.49% | 2.82% | 0.33% |
| AVGOBroadcom Inc | 2.48% | 2.52% | 0.04% |
94.6% of XQQI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or XQQI?
SPY has an expense ratio of 0.09% while XQQI charges 0.98%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
What is the holdings overlap between SPY and XQQI?
94.6% of XQQI's money is in holdings SPY also owns. 94.6% of XQQI's is in holdings SPY also owns. They hold 86 positions in common, counted across the 504 positions we hold weights for in SPY and 102 in XQQI.
Which pays a higher dividend, SPY or XQQI?
SPY yields 0.99% while XQQI yields 11.96%, so XQQI currently pays the higher dividend yield.
Is XQQI better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.