NXTI vs SPY
Simplify Next Intangible Core Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NXTI or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. NXTI is less concentrated, with 34.3% of the fund in its ten largest positions against 37.8%.
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 | NXTI | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $41M | $804.7B |
| Dividend Yield | 0.53% | 0.98% |
| Holdings | 202 | 505 |
| YTD Return | +11.17% | +12.09%Best |
| 1Y Return | +10.36% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 13.7% | 11.8%Best |
| Max Drawdown | -19.6% | -18.8%Best |
| $10,000 over 2.4 years | $14,907 | $15,471Best |
| Top 10 Weight | 34.3%Best | 37.8% |
| Fund Family | Simplify Exchange Traded Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 15, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Apr 16, 2024 to Sep 18, 2026 (2.4 years).
NXTI 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 2.4 years both funds cover.
NXTI vs SPY Performance
Simplify Next Intangible Core Index ETF (NXTI) is an ETF from Simplify Exchange Traded Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NXTI returned +10.36% while SPY returned +16.29%. Year to date, NXTI is up 11.17% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NXTI has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.8% 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 -19.6% for NXTI and -18.8% 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NXTI charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, NXTI currently yields 0.53% against 0.98% for SPY.
Holdings Overlap
89.1% of NXTI's money is in holdings SPY also owns. 25.0% of SPY's money is in holdings NXTI also owns.
Most of NXTI is already inside SPY. Owning both mostly buys the same companies twice.
165 positions in common, counted across the 200 positions we hold weights for in NXTI and 504 in SPY, against full books of 202 and 505.
What only one of them owns
Our book lists 333 positions for SPY that do not appear in our book for NXTI (74.5% of the fund), and 34 for NXTI that do not appear in SPY (10.4%).
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 NXTI | Weight in SPY | Difference |
|---|---|---|---|
| PLTRPalantir Technologies Inc | 5.23% | 0.63% | 4.60% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.36% | 0.66% | 3.70% |
| JNJJohnson & Johnson - Common | 4.01% | 0.99% | 3.02% |
| WMTWalmart, Inc. | 4.13% | 0.71% | 3.42% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.13% | 1.40% | 1.73% |
| DELLDell Technologies Inc | 3.37% | 0.19% | 3.18% |
| IBMInternational Business Machines Corp. | 2.74% | 0.33% | 2.41% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.02% | 1.04% | 0.98% |
| MRKMerck & Company Inc | 2.47% | 0.56% | 1.91% |
| CRMSalesforce Inc Crm Us Equity | 2.65% | 0.32% | 2.33% |
89.1% of NXTI 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, NXTI or SPY?
NXTI has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, NXTI or SPY?
Over the past year NXTI returned +10.36% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NXTI annualized +18.10% vs +19.94% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NXTI or SPY?
NXTI has been the more volatile fund at 13.7% annualized versus 11.8% for SPY. Worst drawdown: NXTI -19.6% vs SPY -18.8%.
Should I hold both NXTI and SPY?
NXTI and SPY have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NXTI and SPY?
89.1% of NXTI's money is in holdings SPY also owns. 25.0% of SPY's is in holdings NXTI also owns. They hold 165 positions in common, counted across the 200 positions we hold weights for in NXTI and 504 in SPY.
Which pays a higher dividend, NXTI or SPY?
NXTI yields 0.53% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than NXTI?
SPY has a lower expense ratio. SPY led over 1Y and the full window. NXTI is less concentrated, with 34.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.