SPY vs XSVN
State Street SPDR S&P 500 ETF Trust vs BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
Quick Verdict
XSVN has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XSVN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.05% | |
| AUM | $821.1B | $392M | |
| Dividend Yield | 1.01% | 4.13% | |
| Holdings | 505 | 39 | |
| YTD Return | +12.68% | -1.05% | |
| 1Y Return | +21.82% | +1.45% | |
| 3Y Return (annualized) | +21.98% | +3.84% | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 6.6% | |
| Max Drawdown | -56.5% | -9.4% | |
| Fund Family | State Street Investment Management | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Sep 13, 2022 |
SPY vs XSVN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) is a ETF from BondBloxx. Over the past year SPY returned +21.82% while XSVN returned +1.45%. Year to date, SPY is up 12.68% versus a loss of 1.05% for XSVN.
Over three years, SPY compounded at +21.98% per year against +3.84% for XSVN. Across the full 4-year window we track, SPY has the edge at +8.81% annualized vs +2.16%. 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 6.6% for XSVN. 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 -56.5% for SPY and -9.4% for XSVN. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while XSVN charges 0.05%. On a $10,000 position that is $9 vs $5 annually, a gap of $4 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.13% for XSVN.
Holdings Overlap
SPY and XSVN share 0 holdings out of 529 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or XSVN?
SPY has an expense ratio of 0.09% while XSVN charges 0.05%. XSVN is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, SPY or XSVN?
Over the past year SPY returned +21.82% vs +1.45% for XSVN, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.81% vs +2.16% for XSVN. Past performance does not guarantee future results.
Which is riskier, SPY or XSVN?
SPY has been the more volatile fund at 15.3% annualized versus 6.6% for XSVN. Worst drawdown: SPY -56.5% vs XSVN -9.4%.
Should I hold both SPY and XSVN?
SPY and XSVN have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XSVN?
SPY and XSVN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, SPY or XSVN?
SPY yields 1.01% while XSVN yields 4.13%, so XSVN currently pays the higher dividend yield.
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