SPY vs XSPI
State Street SPDR S&P 500 ETF Trust vs NEOS Boosted S&P 500 High Income ETF
Which is better, SPY or XSPI?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 38.2%.
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 | XSPI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.98% |
| AUM | $804.7B | $116M |
| Dividend Yield | 0.98% | 9.60% |
| Holdings | 505 | 509 |
| YTD Return | +10.96%Best | +9.84% |
| 1Y Return | +15.52% | - |
| 3Y Return (annualized) | +20.73% | - |
| 5Y Return (annualized) | +12.53% | - |
| Top 10 Weight | 37.8%Best | 38.2% |
| Fund Family | State Street Investment Management | NEOS |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Feb 2, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs XSPI 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 XSPI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and NEOS Boosted S&P 500 High Income ETF (XSPI) is an ETF from NEOS. Year to date, SPY is up 10.96% versus a gain of 9.84% for XSPI.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XSPI charges 0.98%. On a $10,000 position that is $9 vs $98 annually, a gap of $89 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 9.60% for XSPI.
Holdings Overlap
99.0% of SPY's money is in holdings XSPI also owns. 95.7% of XSPI's money is in holdings SPY also owns.
Most of SPY is already inside XSPI. Owning both mostly buys the same companies twice.
490 positions in common, counted across the 504 positions we hold weights for in SPY and 496 in XSPI, against full books of 505 and 509.
What only one of them owns
Our book lists 4 positions for XSPI that do not appear in our book for SPY (0.4% of the fund), and 9 for SPY that do not appear in XSPI (0.5%).
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 XSPI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 8.19% | 0.18% |
| AAPLApple, Inc | 7.26% | 7.16% | 0.10% |
| MSFTMicrosoft Corp | 5.66% | 5.78% | 0.12% |
| AMZNAmazon.Com Inc | 3.79% | 3.91% | 0.12% |
| GOOGLAlphabet Inc,class A | 2.99% | 3.05% | 0.06% |
| AVGOBroadcom Inc | 2.66% | 2.67% | 0.01% |
| GOOGAlphabet Inc | 2.39% | 2.42% | 0.03% |
| METAMeta Platforms Inc | 1.93% | 1.88% | 0.05% |
| MUMicron Technology, Inc. | 1.60% | 1.60% | 0.00% |
| TSLATesla Inc | 1.52% | 1.56% | 0.04% |
99.0% of SPY is already inside XSPI.
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 XSPI?
SPY has an expense ratio of 0.09% while XSPI charges 0.98%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
What is the holdings overlap between SPY and XSPI?
99.0% of SPY's money is in holdings XSPI also owns. 95.7% of XSPI's is in holdings SPY also owns. They hold 490 positions in common, counted across the 504 positions we hold weights for in SPY and 496 in XSPI.
Which pays a higher dividend, SPY or XSPI?
SPY yields 0.98% while XSPI yields 9.60%, so XSPI currently pays the higher dividend yield.
Is XSPI 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 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.