SPCX vs SPY
The SPAC and New Issue ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SPCX or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
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 | SPCX | SPY |
|---|---|---|
| Expense Ratio | 2.32% | 0.09%Best |
| AUM | $7M | $811.2B |
| Dividend Yield | 16.50% | 0.98% |
| Holdings | 42 | 1,515 |
| YTD Return | +1.01% | +14.85%Best |
| 1Y Return | - | +17.26% |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.89% |
| Fund Family | AXS Investments | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 15, 2020 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPCX 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.
SPCX vs SPY Performance
The SPAC and New Issue ETF (SPCX) is an ETF from AXS Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, SPCX is up 1.01% versus a gain of 14.85% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPCX charges 2.32% per year while SPY charges 0.09%. On a $10,000 position that is $232 vs $9 annually, a gap of $223 per year that compounds over a long holding period. On income, SPCX currently yields 16.50% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 36 holdings in SPCX and 504 in SPY, totalling 94.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 290 days apart, SPCX as of Nov 28, 2025 and SPY as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 36 positions we hold weights for in SPCX and 504 in SPY, against full books of 42 and 1,515.
You are not choosing between two funds in isolation.
Whichever of SPCX 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, SPCX or SPY?
SPCX has an expense ratio of 2.32% while SPY charges 0.09%. SPY is the cheaper option, by $223 a year on a $10,000 investment.
Which pays a higher dividend, SPCX or SPY?
SPCX yields 16.50% while SPY yields 0.98%, so SPCX currently pays the higher dividend yield.
Is SPY better than SPCX?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.