LEXI vs SPY
Alexis Practical Tactical ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LEXI or SPY?
Tactical Allocation against Large Cap Blend.
SPY has a lower expense ratio. LEXI led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%.
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 | LEXI | SPY |
|---|---|---|
| Expense Ratio | 1.00% | 0.09%Best |
| AUM | $190M | $804.7B |
| Dividend Yield | 0.83% | 0.98% |
| Holdings | 44 | 505 |
| YTD Return | +13.57%Best | +13.51% |
| 1Y Return | +19.53%Best | +18.19% |
| 3Y Return (annualized) | +20.96% | +23.29%Best |
| 5Y Return (annualized) | +10.90% | +13.21%Best |
| Volatility (annualized) | 14.0%Best | 15.6% |
| Max Drawdown | -22.0%Best | -24.5% |
| $10,000 over 5 years | $16,775 | $18,596Best |
| Top 10 Weight | 51.7% | 37.8%Best |
| Fund Family | Alexis Investment Partners, LLC | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Tactical Allocation | Large Cap Blend |
| Inception | Jun 30, 2021 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Sep 25, 2026 (5.2 years).
LEXI 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 5.2 years both funds cover.
LEXI vs SPY Performance
Alexis Practical Tactical ETF (LEXI) is an ETF from Alexis Investment Partners, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LEXI returned +19.53% while SPY returned +18.19%. Year to date, LEXI is up 13.57% versus a gain of 13.51% for SPY.
Over three years, LEXI compounded at +20.96% per year against +23.29% for SPY; over five years the annualized figures are +10.90% and +13.21% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.0% for LEXI. 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 -22.0% for LEXI and -24.5% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LEXI charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, LEXI currently yields 0.83% against 0.98% for SPY.
Holdings Overlap
16.8% of LEXI's money is in holdings SPY also owns. 36.8% of SPY's money is in holdings LEXI also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 48 positions we hold weights for in LEXI and 504 in SPY, against full books of 44 and 505.
What only one of them owns
Measured across the 48 and 504 positions we hold weights for.
SPY holds 473 positions LEXI does not, 62.5% of the fund.
Largest: AMZN 3.79%, AVGO 2.66%, GOOG 2.39%, MU 1.60%, JPM 1.45%
Top Shared Holdings
| Stock | Weight in LEXI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.18% | 8.01% | 6.83% |
| AAPLApple, Inc | 0.95% | 7.26% | 6.31% |
| MSFTMicrosoft Corp | 1.09% | 5.66% | 4.57% |
| GOOGLAlphabet Inc,class A | 0.95% | 2.99% | 2.04% |
| METAMeta Platforms Inc | 0.66% | 1.93% | 1.27% |
| TSLATesla Inc | 0.74% | 1.52% | 0.78% |
| LLYEli Lilly & Co. | 0.59% | 1.40% | 0.81% |
| CATCaterpillar, Inc. | 0.99% | 0.55% | 0.44% |
| VVisa Inc Class A | 0.60% | 0.94% | 0.34% |
| AMATApplied Materials, Inc. | 1.00% | 0.53% | 0.47% |
36.8% of SPY is already inside LEXI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, LEXI or SPY?
LEXI has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, LEXI or SPY?
Over the past year LEXI returned +19.53% vs +18.19% for SPY, so LEXI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LEXI or SPY?
SPY has been the more volatile fund at 15.6% annualized versus 14.0% for LEXI. Worst drawdown: LEXI -22.0% vs SPY -24.5%.
Should I hold both LEXI and SPY?
LEXI and SPY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between LEXI and SPY?
36.8% of SPY's money is in holdings LEXI also owns. 36.8% of SPY's is in holdings LEXI also owns. They hold 24 positions in common, counted across the 48 positions we hold weights for in LEXI and 504 in SPY.
Which pays a higher dividend, LEXI or SPY?
LEXI yields 0.83% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than LEXI?
SPY has a lower expense ratio. LEXI led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.