SPY vs XCHG
State Street SPDR S&P 500 ETF Trust vs AB US Equity ETF
Quick Verdict
SPY has a lower expense ratio. XCHG offers more diversification with 591 holdings.
Side-by-Side Comparison
| Metric | SPY | XCHG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.50% | |
| AUM | $821.1B | $727M | |
| Dividend Yield | 1.01% | 0.37% | |
| Holdings | 505 | 591 | |
| YTD Return | +12.22% | +9.64% | |
| 1Y Return | +20.83% | - | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -9.7% | |
| Fund Family | State Street Investment Management | AllianceBernstein L.P. | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Dec 12, 2025 |
SPY vs XCHG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and AB US Equity ETF (XCHG) is a ETF from AllianceBernstein L.P.. Year to date, SPY is up 12.22% versus a gain of 9.64% for XCHG.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -9.7% for XCHG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while XCHG charges 0.50%. On a $10,000 position that is $9 vs $50 annually, a gap of $41 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.37% for XCHG.
Holdings Overlap
SPY and XCHG share 365 holdings out of 726 unique holdings combined, representing a 57.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPY or XCHG?
SPY has an expense ratio of 0.09% while XCHG charges 0.50%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
What is the holdings overlap between SPY and XCHG?
SPY and XCHG share 365 common holdings with a 57.4% weight overlap. Combined, they hold 726 unique securities.
Which pays a higher dividend, SPY or XCHG?
SPY yields 1.01% while XCHG yields 0.37%, so SPY currently pays the higher dividend yield.
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