SPY vs XDSQ
State Street SPDR S&P 500 ETF Trust vs Innovator US Equity Accelerated ETF - Quarterly
Which is better, SPY or XDSQ?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | XDSQ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.79% |
| AUM | $804.7B | $79M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 505 | 14 |
| YTD Return | +12.47%Best | +6.95% |
| 1Y Return | +17.51%Best | +12.56% |
| 3Y Return (annualized) | +21.18%Best | +15.41% |
| 5Y Return (annualized) | +12.88%Best | +9.61% |
| Volatility (annualized) | 15.3% | 13.4%Best |
| Max Drawdown | -24.5%Best | -26.1% |
| $10,000 over 5 years | $18,327Best | $15,822 |
| Fund Family | State Street Investment Management | Innovator ETFs Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Sep 11, 2026 (5.4 years).
SPY vs XDSQ 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 5.4 years both funds cover.
SPY vs XDSQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Innovator US Equity Accelerated ETF - Quarterly (XDSQ) is an ETF from Innovator ETFs Trust. Over the past year SPY returned +17.51% while XDSQ returned +12.56%. Year to date, SPY is up 12.47% versus a gain of 6.95% for XDSQ.
Over three years, SPY compounded at +21.18% per year against +15.41% for XDSQ; over five years the annualized figures are +12.88% and +9.61% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.4% for XDSQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.5% for SPY and -26.1% for XDSQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while XDSQ charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for XDSQ.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 1 in XDSQ, totalling 100.0% and 98.6% 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 504 positions we hold weights for in SPY and 1 in XDSQ, against full books of 505 and 14.
You are not choosing between two funds in isolation.
Whichever of SPY and XDSQ 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 XDSQ?
SPY has an expense ratio of 0.09% while XDSQ charges 0.79%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, SPY or XDSQ?
Over the past year SPY returned +17.51% vs +12.56% for XDSQ, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XDSQ?
SPY has been the more volatile fund at 15.3% annualized versus 13.4% for XDSQ. Worst drawdown: SPY -24.5% vs XDSQ -26.1%.
Should I hold both SPY and XDSQ?
SPY and XDSQ have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SPY or XDSQ?
SPY yields 0.98% while XDSQ yields 0.00%, so SPY currently pays the higher dividend yield.
Is XDSQ better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.