NPFE vs SPY
NPF Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NPFE or SPY?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 44.8%.
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 | NPFE | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $653M | $777.9B |
| Dividend Yield | 0.30% | 1.00% |
| Holdings | 496 | 1,011 |
| YTD Return | +12.88%Best | +8.47% |
| 1Y Return | - | +10.88% |
| 3Y Return (annualized) | - | +20.41% |
| 5Y Return (annualized) | - | +10.90% |
| Top 10 Weight | 44.8% | 38.9%Best |
| Fund Family | NPF Investment Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 11, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
NPFE 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.
NPFE vs SPY Performance
NPF Core Equity ETF (NPFE) is an ETF from NPF Investment Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, NPFE is up 12.88% versus a gain of 8.47% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
NPFE charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, NPFE currently yields 0.30% against 1.00% for SPY.
Holdings Overlap
86.8% of NPFE's money is in holdings SPY also owns. 48.9% of SPY's money is in holdings NPFE also owns.
Most of NPFE is already inside SPY. Owning both mostly buys the same companies twice.
119 positions in common, counted across the 164 positions we hold weights for in NPFE and 504 in SPY, against full books of 496 and 1,011.
What only one of them owns
Our book lists 380 positions for SPY that do not appear in our book for NPFE (50.8% of the fund), and 19 for NPFE that do not appear in SPY (10.2%).
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 NPFE | Weight in SPY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 11.14% | 5.96% | 5.18% |
| NVDANvidia Corp | 3.61% | 8.05% | 4.44% |
| AMZNAmazon.Com Inc | 3.86% | 3.75% | 0.11% |
| GOOGLAlphabet Inc | 4.33% | 3.07% | 1.26% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.57% | 1.47% | 2.10% |
| VVisa Inc Class A | 3.92% | 1.00% | 2.92% |
| BALLBall Corp | 4.07% | 0.02% | 4.05% |
| METAMeta Platforms Inc | 1.39% | 2.45% | 1.06% |
| AMATApplied Material | 3.26% | 0.53% | 2.73% |
| MRKMerck & Company Inc | 3.18% | 0.55% | 2.63% |
86.8% of NPFE 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, NPFE or SPY?
NPFE has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
What is the holdings overlap between NPFE and SPY?
86.8% of NPFE's money is in holdings SPY also owns. 48.9% of SPY's is in holdings NPFE also owns. They hold 119 positions in common, counted across the 164 positions we hold weights for in NPFE and 504 in SPY.
Which pays a higher dividend, NPFE or SPY?
NPFE yields 0.30% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than NPFE?
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 44.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.