GXIG vs SPY
GXIG vs SPY
Global X Investment Grade Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GXIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $170M | $789.1B | |
| Dividend Yield | 5.53% | 1.01% | |
| Holdings | 95 | 505 | |
| YTD Return | -0.89% | +13.79% | |
| 1Y Return | +1.02% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 3.6% | 15.3% | |
| Max Drawdown | -3.5% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 16, 2025 | Jan 22, 1993 |
GXIG vs SPY Performance
Global X Investment Grade Corporate Bond ETF (GXIG) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GXIG returned +1.02% while SPY returned +23.66%. Year to date, GXIG is down 0.89% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.6% for GXIG. 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 -3.5% for GXIG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GXIG charges 0.15% per year while SPY charges 0.09%. On a $10,000 position that is $15 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, GXIG currently yields 5.53% against 1.01% for SPY.
Holdings Overlap
GXIG and SPY share 1 holdings out of 575 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GXIG | Weight in SPY | Difference |
|---|---|---|---|
| DUK | 0.69% | 0.15% | 0.54% |
Frequently Asked Questions
Which is cheaper, GXIG or SPY?
GXIG has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GXIG or SPY?
Over the past year GXIG returned +1.02% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), GXIG annualized +2.70% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GXIG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.6% for GXIG. Worst drawdown: GXIG -3.5% vs SPY -56.5%.
Should I hold both GXIG and SPY?
GXIG and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GXIG and SPY?
GXIG and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, GXIG or SPY?
GXIG yields 5.53% while SPY yields 1.01%, so GXIG currently pays the higher dividend yield.
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