SPY vs XVAP
State Street SPDR S&P 500 ETF Trust vs FT Vest AAPL & Target Income ETF
Which is better, SPY or XVAP?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio.
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 | XVAP |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.85% |
| AUM | $811.2B | $2M |
| Dividend Yield | 0.98% | 0.00% |
| Holdings | 1,515 | 1 |
| YTD Return | +13.54%Best | +3.10% |
| 1Y Return | +16.25% | - |
| 3Y Return (annualized) | +23.72% | - |
| 5Y Return (annualized) | +13.95% | - |
| Fund Family | State Street Investment Management | First Trust Portfolios (US) |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Aug 18, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs XVAP 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs XVAP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and FT Vest AAPL & Target Income ETF (XVAP) is an ETF from First Trust Portfolios (US). Year to date, SPY is up 13.54% versus a gain of 3.10% for XVAP.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XVAP charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.00% for XVAP.
Holdings Overlap
At least 7.5% of SPY's money is in holdings XVAP also owns.
Stated as a floor: for XVAP, our book for it covers 50.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and XVAP share little of their money.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in XVAP, against full books of 1,515 and 1.
Top Shared Holdings
| Stock | Weight in SPY | Weight in XVAP | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.45% | 50.04% | 42.59% |
You are not choosing between two funds in isolation.
Whichever of SPY and XVAP 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 XVAP?
SPY has an expense ratio of 0.09% while XVAP charges 0.85%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
What is the holdings overlap between SPY and XVAP?
At least 7.5% of SPY's money is in holdings XVAP also owns. Our book for XVAP is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in XVAP.
Which pays a higher dividend, SPY or XVAP?
SPY yields 0.98% while XVAP yields 0.00%, so SPY currently pays the higher dividend yield.
Is XVAP better than SPY?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.