SPY vs TEXX
State Street SPDR S&P 500 ETF Trust vs Horizon Kinetics Texas ETF
Which is better, SPY or TEXX?
SPY costs less.
SPY has a lower expense ratio.
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 | TEXX |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.85% |
| AUM | $804.7B | $3M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 34 |
| YTD Return | +12.47% | +19.93%Best |
| 1Y Return | +17.51% | - |
| 3Y Return (annualized) | +21.18% | - |
| 5Y Return (annualized) | +12.88% | - |
| Fund Family | State Street Investment Management | Horizon Kinetics LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Jan 21, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TEXX 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.
SPY vs TEXX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Horizon Kinetics Texas ETF (TEXX) is an ETF from Horizon Kinetics LLC. Year to date, SPY is up 12.47% versus a gain of 19.93% for TEXX.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TEXX charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for TEXX.
Holdings Overlap
At least 2.6% of SPY's money is in holdings TEXX also owns.
Stated as a floor: for TEXX, our book for it covers 93.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and TEXX share little of their money.
16 positions in common, counted across the 504 positions we hold weights for in SPY and 33 in TEXX, against full books of 505 and 34.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TEXX | Difference |
|---|---|---|---|
| FANGDiamondback Energy Inc. | 0.06% | 4.64% | 4.58% |
| XOMExxon Mobil Corp. | 0.96% | 3.27% | 2.31% |
| TPLTexas Pacific Land Trust | 0.03% | 4.15% | 4.12% |
| SLBSchlumberger Nv. | 0.11% | 3.77% | 3.66% |
| PWRQuanta Services, Inc. | 0.16% | 3.66% | 3.50% |
| CVXChevron Corp. | 0.54% | 3.17% | 2.63% |
| COPConocophillips Co | 0.22% | 3.34% | 3.12% |
| EOGEog Resources Inc | 0.11% | 3.44% | 3.33% |
| OXYOccidental Petroleum Corp. | 0.06% | 3.48% | 3.42% |
| KMIKinder Morgan Inc./de | 0.09% | 2.90% | 2.81% |
You are not choosing between two funds in isolation.
Whichever of SPY and TEXX 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, SPY or TEXX?
SPY has an expense ratio of 0.09% while TEXX charges 0.85%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
What is the holdings overlap between SPY and TEXX?
At least 2.6% of SPY's money is in holdings TEXX also owns. Our book for TEXX is partial, so the real figure is this or higher. They hold 16 positions in common, counted across the 504 positions we hold weights for in SPY and 33 in TEXX.
Which pays a higher dividend, SPY or TEXX?
SPY yields 0.98% while TEXX yields 0.00%, so SPY currently pays the higher dividend yield.
Is TEXX better than SPY?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.