SPY vs XNAV
SPY vs XNAV
State Street SPDR S&P 500 ETF Trust vs FundX Aggressive ETF
Quick Verdict
SPY has a lower expense ratio. XNAV delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | XNAV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.27% | |
| AUM | $789.1B | $30M | |
| Dividend Yield | 1.01% | 0.48% | |
| Holdings | 505 | 23 | |
| YTD Return | +13.50% | +13.20% | |
| 1Y Return | +23.56% | +28.90% | |
| 3Y Return (annualized) | +21.17% | +19.97% | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | 16.7% | |
| Max Drawdown | -56.5% | -24.3% | |
| Fund Family | State Street Investment Management | FundX Funds | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Oct 14, 2022 |
SPY vs XNAV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and FundX Aggressive ETF (XNAV) is a ETF from FundX Funds. Over the past year SPY returned +23.56% while XNAV returned +28.90%. Year to date, SPY is up 13.50% versus a gain of 13.20% for XNAV.
Over three years, SPY compounded at +21.17% per year against +19.97% for XNAV. Across the full 4-year window we track, XNAV has the edge at +20.54% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XNAV has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 15.3% 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 -56.5% for SPY and -24.3% for XNAV. 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 0.88. 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 1.01% against 0.48% for XNAV.
Holdings Overlap
SPY and XNAV share 0 holdings out of 525 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $118 per year of difference.
Which performed better, SPY or XNAV?
Over the past year SPY returned +23.56% vs +28.90% for XNAV, so XNAV leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.85% vs +20.54% for XNAV. Past performance does not guarantee future results.
Which is riskier, SPY or XNAV?
XNAV has been the more volatile fund at 16.7% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs XNAV -24.3%.
Should I hold both SPY and XNAV?
SPY and XNAV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XNAV?
SPY and XNAV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, SPY or XNAV?
SPY yields 1.01% while XNAV yields 0.48%, so SPY currently pays the higher dividend yield.
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