SPY vs XRMI
SPY vs XRMI
State Street SPDR S&P 500 ETF Trust vs Global X S&P 500 Risk Managed Income ETF
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 | SPY | XRMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.60% | |
| AUM | $789.1B | $50M | |
| Dividend Yield | 1.01% | 12.60% | |
| Holdings | 505 | 510 | |
| YTD Return | +9.93% | +3.47% | |
| 1Y Return | +19.50% | +9.92% | |
| 3Y Return (annualized) | +19.33% | +6.40% | |
| 5Y Return (annualized) | +12.82% | +2.64% | |
| Volatility (annualized) | 15.3% | 6.7% | |
| Max Drawdown | -56.5% | -15.3% | |
| Fund Family | State Street Investment Management | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Aug 25, 2021 |
SPY vs XRMI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Global X S&P 500 Risk Managed Income ETF (XRMI) is a ETF from Global X by mirae Asset. Over the past year SPY returned +19.50% while XRMI returned +9.92%. Year to date, SPY is up 9.93% versus a gain of 3.47% for XRMI.
Over three years, SPY compounded at +19.33% per year against +6.40% for XRMI; over five years the annualized figures are +12.82% and +2.64% respectively. Across the full 5-year window we track, SPY has the edge at +8.74% annualized vs +2.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.7% 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 -56.5% for SPY and -15.3% for XRMI. 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 0.83. 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 1.01% against 12.60% for XRMI.
Holdings Overlap
SPY and XRMI share 454 holdings out of 510 unique holdings combined, representing a 49.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in XRMI | Difference |
|---|---|---|---|
| LRCX | 0.68% | 7.42% | 6.74% |
| NVDA | 7.31% | 0.01% | 7.30% |
| WMT | 0.75% | 6.50% | 5.75% |
| AAPL | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
See all 10 holdings SPY shares with XRMI Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $51 per year of difference.
Which performed better, SPY or XRMI?
Over the past year SPY returned +19.50% vs +9.92% for XRMI, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.74% vs +2.64% for XRMI. Past performance does not guarantee future results.
Which is riskier, SPY or XRMI?
SPY has been the more volatile fund at 15.3% annualized versus 6.7% for XRMI. Worst drawdown: SPY -56.5% vs XRMI -15.3%.
Should I hold both SPY and XRMI?
SPY and XRMI have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XRMI?
SPY and XRMI share 454 common holdings with a 49.3% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, SPY or XRMI?
SPY yields 1.01% while XRMI yields 12.60%, so XRMI currently pays the higher dividend yield.
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