GXPE vs SPY
Global X PureCap MSCI Energy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GXPE or SPY?
GXPE has been ahead.
SPY has a lower expense ratio. GXPE led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 77.9%.
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 | GXPE | SPY |
|---|---|---|
| Expense Ratio | 0.15% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 1.94% | 0.98% |
| Holdings | 24 | 505 |
| YTD Return | +43.97%Best | +12.47% |
| 1Y Return | +49.37%Best | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 22.6% | 12.3%Best |
| Max Drawdown | -15.7% | -8.9%Best |
| $10,000 over 1.1 years | $15,136Best | $12,108 |
| Top 10 Weight | 77.9% | 38.0%Best |
| Fund Family | Global X by mirae Asset | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Jul 23, 2025 to Sep 11, 2026 (1.1 years).
GXPE vs SPY 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 1.1 years both funds cover.
GXPE vs SPY Performance
Global X PureCap MSCI Energy ETF (GXPE) is an ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GXPE returned +49.37% while SPY returned +17.51%. Year to date, GXPE is up 43.97% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXPE has been the more volatile fund, with annualized monthly volatility of 22.6% compared with 12.3% 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 -15.7% for GXPE and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GXPE 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, GXPE currently yields 1.94% against 0.98% for SPY.
Holdings Overlap
96.2% of GXPE's money is in holdings SPY also owns. 3.2% of SPY's money is in holdings GXPE also owns.
Most of GXPE is already inside SPY. Owning both mostly buys the same companies twice.
20 positions in common, counted across the 22 positions we hold weights for in GXPE and 504 in SPY, against full books of 24 and 505.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for GXPE (96.4% of the fund), and 1 for GXPE that do not appear in SPY (2.4%).
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 GXPE | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 29.26% | 0.96% | 28.30% |
| CVXChevron Corp. | 16.06% | 0.54% | 15.52% |
| COPConocophillips Co | 6.58% | 0.22% | 6.36% |
| VLOValero Energy Corp. | 4.24% | 0.14% | 4.10% |
| MPCMarathon Petroleum Corp. | 4.21% | 0.14% | 4.07% |
| WMBWilliams Cos. Inc. | 3.98% | 0.13% | 3.85% |
| PSXPhillips 66 | 3.76% | 0.12% | 3.64% |
| EOGEog Resources Inc | 3.49% | 0.11% | 3.38% |
| SLBSchlumberger Nv. | 3.47% | 0.11% | 3.36% |
| BKRBaker Hughes A Ge Co. Class A | 2.83% | 0.09% | 2.74% |
96.2% of GXPE 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, GXPE or SPY?
GXPE has an expense ratio of 0.15% while SPY charges 0.09%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GXPE or SPY?
Over the past year GXPE returned +49.37% vs +17.51% for SPY, so GXPE leads on 1-year performance. Over the longest common window we track (1 years), GXPE annualized +45.76% vs +18.99% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXPE or SPY?
GXPE has been the more volatile fund at 22.6% annualized versus 12.3% for SPY. Worst drawdown: GXPE -15.7% vs SPY -8.9%.
Should I hold both GXPE and SPY?
GXPE and SPY have a monthly-return correlation of -0.48, 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 GXPE and SPY?
96.2% of GXPE's money is in holdings SPY also owns. 3.2% of SPY's is in holdings GXPE also owns. They hold 20 positions in common, counted across the 22 positions we hold weights for in GXPE and 504 in SPY.
Which pays a higher dividend, GXPE or SPY?
GXPE yields 1.94% while SPY yields 0.98%, so GXPE currently pays the higher dividend yield.
Is SPY better than GXPE?
SPY has a lower expense ratio. GXPE led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 77.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.