LLII vs SPY
REX LLY Growth & Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LLII or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio.
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 | LLII | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $4M | $804.7B |
| Dividend Yield | 24.42% | 0.98% |
| Holdings | 11 | 505 |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Nov 4, 2025 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 99 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LLII has data through Jun 9, 2026 and SPY through Sep 16, 2026.
Fees and Cost Over Time
LLII charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, LLII currently yields 24.42% against 0.98% for SPY.
Holdings Overlap
At least 1.4% of SPY's money is in holdings LLII also owns.
Stated as a floor: for LLII, our book for it covers 102.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and LLII share little of their money.
The two holdings books were reported 244 days apart, LLII as of Dec 31, 2025 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 3 positions we hold weights for in LLII and 504 in SPY, against full books of 11 and 505.
Top Shared Holdings
| Stock | Weight in LLII | Weight in SPY | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 12.11% | 1.40% | 10.71% |
You are not choosing between two funds in isolation.
Whichever of LLII and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LLII or SPY?
LLII has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
What is the holdings overlap between LLII and SPY?
At least 1.4% of SPY's money is in holdings LLII also owns. Our book for LLII is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 3 positions we hold weights for in LLII and 504 in SPY.
Which pays a higher dividend, LLII or SPY?
LLII yields 24.42% while SPY yields 0.98%, so LLII currently pays the higher dividend yield.
Is SPY better than LLII?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.