SPY vs XV
State Street SPDR S&P 500 ETF Trust vs Simplify Target 15 Distribution ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | XV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.75% | |
| AUM | $789.1B | $73M | |
| Dividend Yield | 1.01% | 19.16% | |
| Holdings | 505 | 26 | |
| YTD Return | +13.68% | +7.46% | |
| 1Y Return | +21.53% | +11.40% | |
| 3Y Return (annualized) | +21.44% | - | |
| 5Y Return (annualized) | +13.18% | - | |
| Volatility (annualized) | 15.3% | 7.8% | |
| Max Drawdown | -56.5% | -5.7% | |
| Fund Family | State Street Investment Management | Simplify Exchange Traded Funds | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Apr 14, 2025 |
SPY vs XV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Simplify Target 15 Distribution ETF (XV) is a ETF from Simplify Exchange Traded Funds. Over the past year SPY returned +21.53% while XV returned +11.40%. Year to date, SPY is up 13.68% versus a gain of 7.46% for XV.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.8% for XV. 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 -5.7% for XV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XV charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 19.16% for XV.
Holdings Overlap
SPY and XV share 0 holdings out of 504 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 XV?
SPY has an expense ratio of 0.09% while XV charges 0.75%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, SPY or XV?
Over the past year SPY returned +21.53% vs +11.40% for XV, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs +18.09% for XV. Past performance does not guarantee future results.
Which is riskier, SPY or XV?
SPY has been the more volatile fund at 15.3% annualized versus 7.8% for XV. Worst drawdown: SPY -56.5% vs XV -5.7%.
Should I hold both SPY and XV?
SPY and XV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XV?
SPY and XV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or XV?
SPY yields 1.01% while XV yields 19.16%, so XV currently pays the higher dividend yield.
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