SPY vs SRV
State Street SPDR S&P 500 ETF Trust vs NXG Cushing Midstream Energy Fund
Which is better, SPY or SRV?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. SPY led over 3Y and the full window, SRV over 1Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.1%.
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 | SPY | SRV |
|---|---|---|
| Expense Ratio | 0.09%Best | 4.25% |
| AUM | $804.7B | $295M |
| Dividend Yield | 0.98% | 17.27% |
| Holdings | 505 | 66 |
| YTD Return | +11.52% | +28.41%Best |
| 1Y Return | +17.48% | +29.46%Best |
| 3Y Return (annualized) | +20.62%Best | +20.47% |
| 5Y Return (annualized) | +12.73% | +25.38%Best |
| Volatility (annualized) | 15.6%Best | 39.4% |
| Max Drawdown | -56.5% | - |
| $10,000 over 5 years | $18,205 | $30,984Best |
| Top 10 Weight | 38.0%Best | 41.1% |
| Fund Family | State Street Investment Management | Cushing Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Aug 27, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Aug 27, 2007 to Sep 10, 2026 (19 years).
SPY vs SRV 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 19 years both funds cover.
SPY vs SRV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and NXG Cushing Midstream Energy Fund (SRV) is an ETF from Cushing Investment Management. Over the past year SPY returned +17.48% while SRV returned +29.46%. Year to date, SPY is up 11.52% versus a gain of 28.41% for SRV.
Over three years, SPY compounded at +20.62% per year against +20.47% for SRV; over five years the annualized figures are +12.73% and +25.38% respectively. Across the full 19-year window we track, SPY has the edge at +9.42% annualized vs -14.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SRV has been the more volatile fund, with annualized monthly volatility of 39.4% compared with 15.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while SRV charges 4.25%. On a $10,000 position that is $9 vs $425 annually, a gap of $416 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 17.27% for SRV.
Holdings Overlap
1.9% of SPY's money is in holdings SRV also owns. 28.8% of SRV's money is in holdings SPY also owns.
SRV and SPY share little of their money.
14 positions in common, counted across the 504 positions we hold weights for in SPY and 58 in SRV, against full books of 505 and 66.
What only one of them owns
Our book lists 34 positions for SRV that do not appear in our book for SPY (57.8% of the fund), and 480 for SPY that do not appear in SRV (97.7%).
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 SPY | Weight in SRV | Difference |
|---|---|---|---|
| WMBWilliams Cos. Inc. | 0.13% | 5.10% | 4.97% |
| TRGPTarga Resources Corp. | 0.08% | 4.85% | 4.77% |
| OKEOneok Inc. | 0.08% | 2.98% | 2.90% |
| VSTVistra Energy Corp. | 0.07% | 2.87% | 2.80% |
| NRGNrg Energy Inc. | 0.04% | 2.84% | 2.80% |
| CEGConstellation Energy Corp | 0.13% | 2.44% | 2.31% |
| KMIKinder Morgan Inc./de | 0.09% | 2.38% | 2.29% |
| PWRQuanta Services, Inc. | 0.16% | 2.19% | 2.03% |
| GEVGE Vernova, LLC | 0.41% | 1.61% | 1.20% |
| DDominion Energy Inc. | 0.09% | 0.58% | 0.49% |
28.8% of SRV 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, SPY or SRV?
SPY has an expense ratio of 0.09% while SRV charges 4.25%. SPY is the cheaper option, by $416 a year on a $10,000 investment.
Which performed better, SPY or SRV?
Over the past year SPY returned +17.48% vs +29.46% for SRV, so SRV leads on 1-year performance. Over the longest common window we track (19 years), SPY annualized +9.42% vs -14.82% for SRV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or SRV?
SRV has been the more volatile fund at 39.4% annualized versus 15.6% for SPY.
Should I hold both SPY and SRV?
SPY and SRV have a monthly-return correlation of 0.47, 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 SPY and SRV?
28.8% of SRV's money is in holdings SPY also owns. 28.8% of SRV's is in holdings SPY also owns. They hold 14 positions in common, counted across the 504 positions we hold weights for in SPY and 58 in SRV.
Which pays a higher dividend, SPY or SRV?
SPY yields 0.98% while SRV yields 17.27%, so SRV currently pays the higher dividend yield.
Is SRV better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, SRV over 1Y and 5Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.