GXPE vs SPY
Global X PureCap MSCI Energy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GXPE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GXPE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.09% | |
| AUM | $1M | $821.1B | |
| Dividend Yield | 2.07% | 1.01% | |
| Holdings | 24 | 505 | |
| YTD Return | +41.09% | +12.68% | |
| 1Y Return | +50.79% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 23.5% | 15.3% | |
| Max Drawdown | -15.7% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 22, 2025 | Jan 22, 1993 |
GXPE vs SPY Performance
Global X PureCap MSCI Energy ETF (GXPE) 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 GXPE returned +50.79% while SPY returned +21.82%. Year to date, GXPE is up 41.09% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
GXPE has been the more volatile fund, with annualized monthly volatility of 23.5% 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 -15.7% for GXPE 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 -0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.07% against 1.01% for SPY.
Holdings Overlap
GXPE and SPY share 20 holdings out of 506 unique holdings combined, representing a 3.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GXPE or SPY?
Over the past year GXPE returned +50.79% vs +21.82% for SPY, so GXPE leads on 1-year performance. Over the longest common window we track (1 years), GXPE annualized +45.95% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GXPE or SPY?
GXPE has been the more volatile fund at 23.5% annualized versus 15.3% for SPY. Worst drawdown: GXPE -15.7% vs SPY -56.5%.
Should I hold both GXPE and SPY?
GXPE and SPY have a monthly-return correlation of -0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GXPE and SPY?
GXPE and SPY share 20 common holdings with a 3.2% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, GXPE or SPY?
GXPE yields 2.07% while SPY yields 1.01%, so GXPE currently pays the higher dividend yield.
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