SPY vs XUDV
State Street SPDR S&P 500 ETF Trust vs Franklin US Dividend Booster Index ETF
Which is better, SPY or XUDV?
Large Cap Blend against Large Cap Value.
XUDV led over 1Y and the full window. XUDV is less concentrated, with 38.3% of the fund in its ten largest positions against 38.9%.
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 | XUDV |
|---|---|---|
| Expense Ratio | 0.09%Tie | 0.09%Tie |
| AUM | $777.9B | $78M |
| Dividend Yield | 1.00% | 3.33% |
| Holdings | 1,011 | 584 |
| YTD Return | +8.47% | +24.52%Best |
| 1Y Return | +10.88% | +30.93%Best |
| 3Y Return (annualized) | +20.41% | - |
| 5Y Return (annualized) | +10.90% | - |
| Volatility (annualized) | 12.7% | 11.8%Best |
| Max Drawdown | -18.8% | -16.0%Best |
| $10,000 over 1.8 years | $12,316 | $13,658Best |
| Top 10 Weight | 38.9% | 38.3%Best |
| Fund Family | State Street Investment Management | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Jan 21, 2025 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Jan 23, 2025 to Nov 6, 2026 (1.8 years).
SPY vs XUDV 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 1.8 years both funds cover.
SPY vs XUDV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Franklin US Dividend Booster Index ETF (XUDV) is an ETF from Franklin Templeton Investments (US). Over the past year SPY returned +10.88% while XUDV returned +30.93%. Year to date, SPY is up 8.47% versus a gain of 24.52% for XUDV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 11.8% 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 -18.8% for SPY and -16.0% for XUDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
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. On income, SPY currently yields 1.00% against 3.33% for XUDV.
Holdings Overlap
97.3% of SPY's money is in holdings XUDV also owns. 96.5% of XUDV's money is in holdings SPY also owns.
Most of SPY is already inside XUDV. Owning both mostly buys the same companies twice.
415 positions in common, counted across the 504 positions we hold weights for in SPY and 479 in XUDV, against full books of 1,011 and 584.
What only one of them owns
Our book lists 43 positions for XUDV that do not appear in our book for SPY (2.7% of the fund), and 86 for SPY that do not appear in XUDV (2.5%).
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 XUDV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.05% | 7.58% | 0.47% |
| AAPLApple Inc | 7.53% | 7.48% | 0.05% |
| MSFTMicrosoft Corp | 5.96% | 6.01% | 0.05% |
| AMZNAmazon.Com Inc | 3.75% | 3.76% | 0.01% |
| GOOGLAlphabet Inc | 3.07% | 3.06% | 0.01% |
| GOOGAlphabet Inc. C | 2.46% | 2.45% | 0.01% |
| AVGOBroadcom Inc | 2.48% | 2.41% | 0.07% |
| METAMeta Platforms Inc | 2.45% | 2.44% | 0.01% |
| MUMicron Technology, Inc. | 1.55% | 1.57% | 0.02% |
| TSLATesla Inc | 1.56% | 1.54% | 0.02% |
97.3% of SPY is already inside XUDV.
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 XUDV?
SPY has an expense ratio of 0.09% while XUDV charges 0.09%. At the precision these are quoted to, they cost the same.
Which performed better, SPY or XUDV?
Over the past year SPY returned +10.88% vs +30.93% for XUDV, so XUDV leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +12.27% vs +18.91% for XUDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XUDV?
SPY has been the more volatile fund at 12.7% annualized versus 11.8% for XUDV. Worst drawdown: SPY -18.8% vs XUDV -16.0%.
Should I hold both SPY and XUDV?
SPY and XUDV have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and XUDV?
97.3% of SPY's money is in holdings XUDV also owns. 96.5% of XUDV's is in holdings SPY also owns. They hold 415 positions in common, counted across the 504 positions we hold weights for in SPY and 479 in XUDV.
Which pays a higher dividend, SPY or XUDV?
SPY yields 1.00% while XUDV yields 3.33%, so XUDV currently pays the higher dividend yield.
Is XUDV better than SPY?
XUDV led over 1Y and the full window. XUDV is less concentrated, with 38.3% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.