SPY vs XVMT
State Street SPDR S&P 500 ETF Trust vs FT Vest META & Target Income ETF
Which is better, SPY or XVMT?
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 | XVMT |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.85% |
| AUM | $823.2B | $2M |
| Dividend Yield | 0.99% | 0.00% |
| Holdings | 1,515 | 1 |
| YTD Return | +12.91%Best | -15.02% |
| 1Y Return | +12.90% | - |
| 3Y Return (annualized) | +24.58% | - |
| 5Y Return (annualized) | +12.41% | - |
| Fund Family | State Street Investment Management | First Trust Portfolios (US) |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Sep 22, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs XVMT 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 XVMT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and FT Vest META & Target Income ETF (XVMT) is an ETF from First Trust Portfolios (US). Year to date, SPY is up 12.91% versus a loss of 15.02% for XVMT.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XVMT 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 0.99% against 0.00% for XVMT.
Holdings Overlap
At least 2.2% of SPY's money is in holdings XVMT also owns.
Stated as a floor: for XVMT, our book for it covers 67.2% 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 XVMT share little of their money.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in XVMT, against full books of 1,515 and 1.
Top Shared Holdings
| Stock | Weight in SPY | Weight in XVMT | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 2.22% | 67.19% | 64.97% |
You are not choosing between two funds in isolation.
Whichever of SPY and XVMT 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 XVMT?
SPY has an expense ratio of 0.09% while XVMT 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 XVMT?
At least 2.2% of SPY's money is in holdings XVMT also owns. Our book for XVMT 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 XVMT.
Which pays a higher dividend, SPY or XVMT?
SPY yields 0.99% while XVMT yields 0.00%, so SPY currently pays the higher dividend yield.
Is XVMT 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.