SPY vs XSPI
SPY vs XSPI
State Street SPDR S&P 500 ETF Trust vs NEOS Boosted S&P 500 High Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | XSPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.98% | |
| AUM | $789.1B | $79M | |
| Dividend Yield | 1.01% | 6.88% | |
| Holdings | 505 | 457 | |
| YTD Return | +11.49% | +9.88% | |
| 1Y Return | +21.37% | - | |
| 3Y Return (annualized) | +20.76% | - | |
| 5Y Return (annualized) | +12.94% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -11.6% | |
| Fund Family | State Street Investment Management | NEOS | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Feb 2, 2026 |
SPY vs XSPI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and NEOS Boosted S&P 500 High Income ETF (XSPI) is a ETF from NEOS. Year to date, SPY is up 11.49% versus a gain of 9.88% for XSPI.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -11.6% for XSPI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while XSPI 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 1.01% against 6.88% for XSPI.
Holdings Overlap
SPY and XSPI share 439 holdings out of 521 unique holdings combined, representing a 86.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPY | Weight in XSPI | Difference |
|---|---|---|---|
| NVDA | 7.31% | 7.63% | 0.32% |
| AAPL | 7.09% | 6.57% | 0.52% |
| MSFT | 4.43% | 4.92% | 0.49% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings SPY shares with XSPI 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 XSPI?
SPY has an expense ratio of 0.09% while XSPI charges 0.98%. SPY is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
What is the holdings overlap between SPY and XSPI?
SPY and XSPI share 439 common holdings with a 86.3% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, SPY or XSPI?
SPY yields 1.01% while XSPI yields 6.88%, so XSPI currently pays the higher dividend yield.
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