SPY vs XUDV
State Street SPDR S&P 500 ETF Trust vs Franklin US Dividend Booster Index ETF
Quick Verdict
XUDV has a lower expense ratio. XUDV delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XUDV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.09% | |
| AUM | $821.1B | $81M | |
| Dividend Yield | 1.01% | 3.36% | |
| Holdings | 505 | 96 | |
| YTD Return | +12.68% | +28.26% | |
| 1Y Return | +21.82% | +33.50% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 10.6% | |
| Max Drawdown | -56.5% | -16.0% | |
| Fund Family | State Street Investment Management | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jan 21, 2025 |
SPY vs XUDV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Franklin US Dividend Booster Index ETF (XUDV) is a ETF from Franklin Templeton Investments (US). Over the past year SPY returned +21.82% while XUDV returned +33.50%. Year to date, SPY is up 12.68% versus a gain of 28.26% for XUDV.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.6% for XUDV. 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 -16.0% for XUDV. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XUDV charges 0.09%. On a $10,000 position that is $9 vs $9 annually, a gap of $0 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 3.36% for XUDV.
Holdings Overlap
SPY and XUDV share 82 holdings out of 514 unique holdings combined, representing a 8.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or XUDV?
SPY has an expense ratio of 0.09% while XUDV charges 0.09%. XUDV is the cheaper option. On a $10,000 investment, that is $0 per year of difference.
Which performed better, SPY or XUDV?
Over the past year SPY returned +21.82% vs +33.50% for XUDV, so XUDV leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.81% vs +24.02% for XUDV. Past performance does not guarantee future results.
Which is riskier, SPY or XUDV?
SPY has been the more volatile fund at 15.3% annualized versus 10.6% for XUDV. Worst drawdown: SPY -56.5% vs XUDV -16.0%.
Should I hold both SPY and XUDV?
SPY and XUDV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XUDV?
SPY and XUDV share 82 common holdings with a 8.3% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, SPY or XUDV?
SPY yields 1.01% while XUDV yields 3.36%, so XUDV currently pays the higher dividend yield.
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