OAKL vs SPY
Oakmark US Concentrated ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OAKL or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 57.0%.
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 | OAKL | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $334M | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 27 | 1,011 |
| YTD Return | +6.77% | +8.47%Best |
| 1Y Return | - | +10.88% |
| 3Y Return (annualized) | - | +20.41% |
| 5Y Return (annualized) | - | +10.90% |
| Top 10 Weight | 57.0% | 38.9%Best |
| Fund Family | Oakmark Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 5, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
OAKL 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.
OAKL vs SPY Performance
Oakmark US Concentrated ETF (OAKL) is an ETF from Oakmark Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, OAKL is up 6.77% versus a gain of 8.47% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
OAKL charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, OAKL currently yields 0.00% against 1.00% for SPY.
Holdings Overlap
70.6% of OAKL's money is in holdings SPY also owns. 9.8% of SPY's money is in holdings OAKL also owns.
Most of OAKL is already inside SPY. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 27 positions we hold weights for in OAKL and 504 in SPY, against full books of 27 and 1,011.
What only one of them owns
Measured across the 27 and 504 positions we hold weights for.
SPY holds 480 positions OAKL does not, 89.9% of the fund.
Largest: NVDA 8.05%, AAPL 7.53%, MSFT 5.96%, AMZN 3.75%, AVGO 2.48%
Top Shared Holdings
| Stock | Weight in OAKL | Weight in SPY | Difference |
|---|---|---|---|
| CRMSalesforce Inc Crm Us Equity | 7.85% | 0.29% | 7.56% |
| IQVIqvia Holdings Inc. | 6.53% | 0.06% | 6.47% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 5.66% | 0.07% | 5.59% |
| METAMeta Platforms Inc | 3.03% | 2.45% | 0.58% |
| ABNBAirbnb Inc | 4.98% | 0.11% | 4.87% |
| GOOGAlphabet Inc. C | 2.58% | 2.46% | 0.12% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 4.65% | 0.13% | 4.52% |
| CRLCharles River Laboratories International Inc | 4.72% | 0.02% | 4.70% |
| MMCMarsh & Mclennan Cos Inc Common Stock Usd 1 | 4.47% | 0.13% | 4.34% |
| COFCapital One Financial Corp. | 4.06% | 0.18% | 3.88% |
70.6% of OAKL 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, OAKL or SPY?
OAKL has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
What is the holdings overlap between OAKL and SPY?
70.6% of OAKL's money is in holdings SPY also owns. 9.8% of SPY's is in holdings OAKL also owns. They hold 19 positions in common, counted across the 27 positions we hold weights for in OAKL and 504 in SPY.
Which pays a higher dividend, OAKL or SPY?
OAKL yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than OAKL?
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.