SPY vs USMD
State Street SPDR S&P 500 ETF Trust vs CoreValues America First Technology ETF
Which is better, SPY or USMD?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.1%.
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 | USMD |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.87% |
| AUM | $804.7B | $304,629.33 |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 121 |
| YTD Return | +12.09% | +25.80%Best |
| 1Y Return | +16.29% | - |
| 3Y Return (annualized) | +21.20% | - |
| 5Y Return (annualized) | +13.37% | - |
| Top 10 Weight | 37.8%Best | 46.1% |
| Fund Family | State Street Investment Management | CORE VALUES ALPHA |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Feb 6, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs USMD 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 USMD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and CoreValues America First Technology ETF (USMD) is an ETF from CORE VALUES ALPHA. Year to date, SPY is up 12.09% versus a gain of 25.80% for USMD.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while USMD charges 0.87%. On a $10,000 position that is $9 vs $87 annually, a gap of $78 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for USMD.
Holdings Overlap
34.5% of SPY's money is in holdings USMD also owns. 87.8% of USMD's money is in holdings SPY also owns.
Most of USMD is already inside SPY. Owning both mostly buys the same companies twice.
45 positions in common, counted across the 504 positions we hold weights for in SPY and 120 in USMD, against full books of 505 and 121.
What only one of them owns
Our book lists 71 positions for USMD that do not appear in our book for SPY (11.9% of the fund), and 452 for SPY that do not appear in USMD (64.9%).
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 USMD | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 4.54% | 3.47% |
| MSFTMicrosoft Corp | 5.66% | 5.22% | 0.44% |
| AMZNAmazon.Com Inc | 3.79% | 4.84% | 1.05% |
| GOOGLAlphabet Inc,class A | 2.99% | 4.80% | 1.81% |
| TSLATesla Inc | 1.52% | 5.79% | 4.27% |
| AVGOBroadcom Inc | 2.66% | 4.05% | 1.39% |
| PLTRPalantir Technologies Inc | 0.63% | 5.93% | 5.30% |
| AMDAdvanced Micro Devices Inc | 1.14% | 4.39% | 3.25% |
| MUMicron Technology, Inc. | 1.60% | 2.77% | 1.17% |
| INTCIntel Corporation | 0.67% | 3.57% | 2.90% |
87.8% of USMD 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 USMD?
SPY has an expense ratio of 0.09% while USMD charges 0.87%. SPY is the cheaper option, by $78 a year on a $10,000 investment.
What is the holdings overlap between SPY and USMD?
87.8% of USMD's money is in holdings SPY also owns. 87.8% of USMD's is in holdings SPY also owns. They hold 45 positions in common, counted across the 504 positions we hold weights for in SPY and 120 in USMD.
Which pays a higher dividend, SPY or USMD?
SPY yields 0.98% while USMD yields 0.00%, so SPY currently pays the higher dividend yield.
Is USMD better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.