EUSA vs SPY: Differences, Returns & Fees

EUSA and SPY hold 43% of their weight in the same names, and SPY returned +17.3% over the year. Net assets: $1.9bn on Oct 9, 2026 for iShares MSCI USA Equal Weighted ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

Both cost 0.09% a year; their one-year returns differ by 4.6 points; SPY is far larger, $817.2bn against $1.9bn.

Points (pts) are percentage points.

EUSA vs SPY: Differences, Returns & Fees
EUSASPY
Expense ratio0.09%0.09%
Net assets, as of Oct 8, 2026$1.9bn$817.2bn
Total return, 1 year+12.7%+17.3%
What it tracksMSCI USA Equal Weighted IndexS&P 500 Index
Holdings in common43%
Top ten holdings, share of the fund2.8%39.1%
Below its high4.2%, high on Aug 13, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+12.7%
EUSA total return, 1 year
+17.3%
SPY total return, 1 year
0.09%
EUSA expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, EUSA and SPY hold 43% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.

half

43% in common

Positions both hold, largest shared weight first
Holding EUSA SPY
CROWDSTRIKE HOLDINGS CLASS A 0.28% 0.40%
META PLATFORMS CLASS A 0.27% 2.38%
ADVANCED MICRO DEVICES 0.26% 1.51%
DELL TECHNOLOGIES INC CLASS C 0.27% 0.26%
ARISTA NETWORKS 0.24% 0.33%
MARVELL TECHNOLOGY 0.24% 0.36%
PALANTIR TECHNOLOGIES CLASS A 0.24% 0.68%
PALO ALTO NETWORKS 0.24% 0.48%
AMPHENOL CORP CLASS A 0.23% 0.32%
INTEL CORPORATION 0.23% 0.80%
SALESFORCE 0.23% 0.28%
ANALOG DEVICES 0.22% 0.30%
Only in EUSA
OKTA CLASS A 0.33%
STRATEGY INC CLASS A 0.30%
ZSCALER 0.26%
CLOUDFLARE CLASS A 0.25%
NATERA 0.25%
ROBLOX CLASS A 0.25%
ASTERA LABS 0.24%
ATLASSIAN CORP CLASS A 0.24%
Only in SPY
MODERNA INC 0.11%
SOUTHWEST AIRLINES CO 0.03%
VIATRIS INC 0.03%
ZEBRA TECHNOLOGIES CORP CL A 0.03%
REVVITY INC 0.03%
APA CORP 0.02%
HOST HOTELS + RESORTS INC 0.02%
AKAMAI TECHNOLOGIES INC 0.02%

Check overlap with more funds →

On the same fields

EUSA
iShares MSCI USA Equal Weighted ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +12.7% +17.3%
Its benchmark over the same days not published +17.3% (VOO)
Gap to its benchmark not available −0.1 pts vs VOO
Expense ratio 0.09% 0.09%
Already in the S&P 500 84.2% 99.8%
Holdings 517 504
Net assets, EUSA as of Oct 9, 2026 and SPY as of Oct 8, 2026 $1.9bn $817.2bn

EUSA and SPY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About EUSA

EUSA tracks an index. Over the year to Oct 9, 2026 it returned +12.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 9, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 517 positions, with the top ten at 2.8%. It sat 4.2% below its high of Aug 13, 2026 on Oct 9, 2026.

About SPY

SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, EUSA or SPY?
In the year to Oct 9, 2026, with distributions reinvested, EUSA returned +12.7% and SPY +17.3%.
Which is cheaper, EUSA or SPY?
Neither: EUSA and SPY both charge 0.09% a year. Fees come from each fund's prospectus.
How much do EUSA and SPY overlap with the S&P 500?
By their latest filed holdings, 84% of EUSA and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, EUSA against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/eusa-vs-spy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.