SPY vs XXQQ
State Street SPDR S&P 500 ETF Trust vs Subversive Growth 100 Redacted ETF
Which is better, SPY or XXQQ?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 48.4%.
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 | XXQQ |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.30% |
| AUM | $777.9B | $864,529.7 |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 1,011 | 98 |
| YTD Return | +12.09%Best | -8.48% |
| 1Y Return | +12.45% | - |
| 3Y Return (annualized) | +21.45% | - |
| 5Y Return (annualized) | +11.87% | - |
| Top 10 Weight | 38.9%Best | 48.4% |
| Fund Family | State Street Investment Management | Subversive Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Oct 8, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs XXQQ 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 XXQQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Subversive Growth 100 Redacted ETF (XXQQ) is an ETF from Subversive Capital. Year to date, SPY is up 12.09% versus a loss of 8.48% for XXQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while XXQQ charges 0.30%. On a $10,000 position that is $9 vs $30 annually, a gap of $21 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for XXQQ.
Holdings Overlap
53.6% of SPY's money is in holdings XXQQ also owns. 95.5% of XXQQ's money is in holdings SPY also owns.
Most of XXQQ is already inside SPY. Owning both mostly buys the same companies twice.
85 positions in common, counted across the 504 positions we hold weights for in SPY and 98 in XXQQ, against full books of 1,011 and 98.
What only one of them owns
Our book lists 8 positions for XXQQ that do not appear in our book for SPY (1.9% of the fund), and 414 for SPY that do not appear in XXQQ (46.1%).
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 XXQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.05% | 8.40% | 0.35% |
| AAPLApple Inc | 7.53% | 8.45% | 0.92% |
| MSFTMicrosoft Corp | 5.96% | 6.65% | 0.69% |
| AMZNAmazon.Com Inc | 3.75% | 4.35% | 0.60% |
| MUMicron Technology, Inc. | 1.55% | 4.77% | 3.22% |
| GOOGLAlphabet Inc | 3.07% | 2.78% | 0.29% |
| AMDAdvanced Micro Devices Inc | 1.40% | 4.33% | 2.93% |
| METAMeta Platforms Inc | 2.45% | 3.19% | 0.74% |
| AVGOBroadcom Inc | 2.48% | 2.79% | 0.31% |
| GOOGAlphabet Inc. C | 2.46% | 2.64% | 0.18% |
95.5% of XXQQ is already inside SPY.
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 XXQQ?
SPY has an expense ratio of 0.09% while XXQQ charges 0.30%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
What is the holdings overlap between SPY and XXQQ?
95.5% of XXQQ's money is in holdings SPY also owns. 95.5% of XXQQ's is in holdings SPY also owns. They hold 85 positions in common, counted across the 504 positions we hold weights for in SPY and 98 in XXQQ.
Which pays a higher dividend, SPY or XXQQ?
SPY yields 1.00% while XXQQ yields 0.00%, so SPY currently pays the higher dividend yield.
Is XXQQ better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 48.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.