SPY vs XDEF
State Street SPDR S&P 500 ETF Trust vs Xtrackers Europe Defense Technologies ETF
Which is better, SPY or XDEF?
SPY costs less.
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.4%.
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 | XDEF |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.35% |
| AUM | $814.4B | $5M |
| Dividend Yield | 1.01% | 1.43% |
| Holdings | 505 | 37 |
| YTD Return | +12.71%Best | -10.34% |
| 1Y Return | +19.36% | - |
| 3Y Return (annualized) | +21.09% | - |
| 5Y Return (annualized) | +12.69% | - |
| Top 10 Weight | 38.0%Best | 63.4% |
| Fund Family | State Street Investment Management | Xtrackers ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Feb 19, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs XDEF 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 XDEF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Xtrackers Europe Defense Technologies ETF (XDEF) is an ETF from Xtrackers ETFs. Year to date, SPY is up 12.71% versus a loss of 10.34% for XDEF.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XDEF charges 0.35%. On a $10,000 position that is $9 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.43% for XDEF.
Holdings Overlap
We hold position weights for 503 holdings in SPY and 35 in XDEF, totalling 100.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 503 positions we hold weights for in SPY and 35 in XDEF, against full books of 505 and 37.
What only one of them owns
Our book lists 1 positions for XDEF that do not appear in our book for SPY (0.4% of the fund), and 493 for SPY that do not appear in XDEF (99.4%).
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.
You are not choosing between two funds in isolation.
Whichever of SPY and XDEF 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 XDEF?
SPY has an expense ratio of 0.09% while XDEF charges 0.35%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which pays a higher dividend, SPY or XDEF?
SPY yields 1.01% while XDEF yields 1.43%, so XDEF currently pays the higher dividend yield.
Is XDEF better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 63.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.