SPY vs XRMI
State Street SPDR S&P 500 ETF Trust vs Global X S&P 500 Risk Managed Income ETF
Which is better, SPY or XRMI?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 38.4%.
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 | XRMI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.60% |
| AUM | $823.2B | $59M |
| Dividend Yield | 0.99% | 12.45% |
| Holdings | 1,515 | 1,018 |
| YTD Return | +13.53%Best | +6.33% |
| 1Y Return | +17.47%Best | +10.57% |
| 3Y Return (annualized) | +22.36%Best | +8.48% |
| 5Y Return (annualized) | +13.21%Best | +3.04% |
| Volatility (annualized) | 15.6% | 6.6%Best |
| Max Drawdown | -24.5% | -15.3%Best |
| $10,000 over 5 years | $18,596Best | $11,615 |
| Top 10 Weight | 38.2%Best | 38.4% |
| Fund Family | State Street Investment Management | Global X by mirae Asset |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Aug 25, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2021 to Oct 14, 2026 (5.1 years).
SPY vs XRMI 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 5.1 years both funds cover.
SPY vs XRMI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Global X S&P 500 Risk Managed Income ETF (XRMI) is an ETF from Global X by mirae Asset. Over the past year SPY returned +17.47% while XRMI returned +10.57%. Year to date, SPY is up 13.53% versus a gain of 6.33% for XRMI.
Over three years, SPY compounded at +22.36% per year against +8.48% for XRMI; over five years the annualized figures are +13.21% and +3.04% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 6.6% for XRMI. 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 -24.5% for SPY and -15.3% for XRMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XRMI charges 0.60%. On a $10,000 position that is $9 vs $60 annually, a gap of $51 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 12.45% for XRMI.
Holdings Overlap
98.8% of SPY's money is in holdings XRMI also owns. 99.1% of XRMI's money is in holdings SPY also owns.
Most of XRMI is already inside SPY. Owning both mostly buys the same companies twice.
488 positions in common, counted across the 504 positions we hold weights for in SPY and 497 in XRMI, against full books of 1,515 and 1,018.
What only one of them owns
Our book lists 7 positions for XRMI that do not appear in our book for SPY (0.8% of the fund), and 10 for SPY that do not appear in XRMI (0.4%).
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 XRMI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.78% | 8.06% | 0.28% |
| AAPLApple, Inc | 7.45% | 7.44% | 0.01% |
| MSFTMicrosoft Corp | 5.71% | 5.62% | 0.09% |
| AMZNAmazon.Com Inc | 3.78% | 3.83% | 0.05% |
| GOOGLAlphabet Inc | 3.12% | 3.03% | 0.09% |
| AVGOBroadcom Inc | 2.48% | 2.62% | 0.14% |
| GOOGAlphabet Inc. C | 2.49% | 2.42% | 0.07% |
| METAMeta Platforms Inc | 2.22% | 2.18% | 0.04% |
| MUMicron Technology, Inc. | 1.59% | 1.68% | 0.09% |
| TSLATesla Inc | 1.54% | 1.55% | 0.01% |
99.1% of XRMI 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 XRMI?
SPY has an expense ratio of 0.09% while XRMI charges 0.60%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, SPY or XRMI?
Over the past year SPY returned +17.47% vs +10.57% for XRMI, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XRMI?
SPY has been the more volatile fund at 15.6% annualized versus 6.6% for XRMI. Worst drawdown: SPY -24.5% vs XRMI -15.3%.
Should I hold both SPY and XRMI?
SPY and XRMI have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and XRMI?
99.1% of XRMI's money is in holdings SPY also owns. 99.1% of XRMI's is in holdings SPY also owns. They hold 488 positions in common, counted across the 504 positions we hold weights for in SPY and 497 in XRMI.
Which pays a higher dividend, SPY or XRMI?
SPY yields 0.99% while XRMI yields 12.45%, so XRMI currently pays the higher dividend yield.
Is XRMI better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 38.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.