SPY vs XTWY
State Street SPDR S&P 500 ETF Trust vs BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
Which is better, SPY or XTWY?
Large Cap Blend against Long Term High Quality.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 54.3%.
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 | XTWY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.13% |
| AUM | $804.7B | $249M |
| Dividend Yield | 0.98% | 4.87% |
| Holdings | 505 | 57 |
| YTD Return | +12.09%Best | -4.66% |
| 1Y Return | +16.29%Best | -6.13% |
| 3Y Return (annualized) | +21.20%Best | -1.54% |
| 5Y Return (annualized) | +13.37% | - |
| Volatility (annualized) | 13.2%Best | 16.7% |
| Max Drawdown | -18.8%Best | -25.9% |
| $10,000 over 4 years | $20,736Best | $8,318 |
| Top 10 Weight | 37.8%Best | 54.3% |
| Fund Family | State Street Investment Management | BondBloxx |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term High Quality |
| Inception | Jan 22, 1993 | Sep 13, 2022 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 16, 2022 to Sep 18, 2026 (4 years).
SPY vs XTWY 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 4 years both funds cover.
SPY vs XTWY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) is an ETF from BondBloxx. Over the past year SPY returned +16.29% while XTWY returned -6.13%. Year to date, SPY is up 12.09% versus a loss of 4.66% for XTWY.
Over three years, SPY compounded at +21.20% per year against -1.54% for XTWY. Across the full 4-year window we track, SPY has the edge at +20.00% annualized vs -4.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XTWY has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 13.2% for SPY. 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 -18.8% for SPY and -25.9% for XTWY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while XTWY charges 0.13%. On a $10,000 position that is $9 vs $13 annually, a gap of $4 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 4.87% for XTWY.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 49 in XTWY, totalling 99.9% and 97.7% 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 49 in XTWY, against full books of 505 and 57.
What only one of them owns
Our book lists 49 positions for XTWY that do not appear in our book for SPY (97.7% of the fund), and 497 for SPY that do not appear in XTWY (99.3%).
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 XTWY 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 XTWY?
SPY has an expense ratio of 0.09% while XTWY charges 0.13%. SPY is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SPY or XTWY?
Over the past year SPY returned +16.29% vs -6.13% for XTWY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +20.00% vs -4.50% for XTWY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XTWY?
XTWY has been the more volatile fund at 16.7% annualized versus 13.2% for SPY. Worst drawdown: SPY -18.8% vs XTWY -25.9%.
Should I hold both SPY and XTWY?
SPY and XTWY have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or XTWY?
SPY yields 0.98% while XTWY yields 4.87%, so XTWY currently pays the higher dividend yield.
Is XTWY better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 54.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.