IND vs SPY

IND vs SPY

Which is better, IND or SPY?

Large Cap Growth against Large Cap Blend.

SPY has a lower expense ratio. IND is less concentrated, with 28.5% of the fund in its ten largest positions against 38.0%.

Lower Fees: SPYLess Concentrated: IND

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

MetricINDSPY
Expense Ratio0.19%0.09%Best
AUM$5M$814.4B
Dividend Yield0.34%1.01%
Holdings499505
YTD Return-7.42%+13.34%Best
1Y Return-+19.97%
3Y Return (annualized)-+21.20%
5Y Return (annualized)-+12.81%
Top 10 Weight28.5%Best38.0%
Fund FamilyXtrackers ETFsState Street Investment Management
CategoryEquityEquity
StyleLarge Cap GrowthLarge Cap Blend
InceptionNov 25, 2025Jan 22, 1993

Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.

IND 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.

IND vs SPY Performance

Xtrackers Nifty 500 India ETF (IND) is an ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, IND is down 7.42% versus a gain of 13.34% for SPY.

Past performance does not guarantee future results.

Fees and Cost Over Time

IND charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, IND currently yields 0.34% against 1.01% for SPY.

Holdings Overlap

IND already in SPY0.5%

0.5% of IND's money is in holdings SPY also owns.

We cannot see either book well enough to say how much of this pair is duplicated.

1 positions in common, counted across the 494 positions we hold weights for in IND and 504 in SPY, against full books of 499 and 505.

What only one of them owns

Our book lists 495 positions for SPY that do not appear in our book for IND (99.4% of the fund), and 3 for IND that do not appear in SPY (2.8%).

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

StockWeight in INDWeight in SPYDifference
HALHalliburton Co.0.48%0.04%0.44%

You are not choosing between two funds in isolation.

Whichever of IND and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

INDSPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, IND or SPY?

IND has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option, by $10 a year on a $10,000 investment.

Which pays a higher dividend, IND or SPY?

IND yields 0.34% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

Is SPY better than IND?

SPY has a lower expense ratio. IND is less concentrated, with 28.5% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.