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MODL vs SPY: Differences, Returns & Fees

MODL and SPY hold 69% of their weight in the same names, and SPY returned +17.3% over the year. Net assets: $1.0bn on Jun 30, 2026 for VictoryShares WestEnd U.S. Sector ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

SPY costs 0.37 points a year less; their one-year returns differ by 2.0 points; SPY is far larger, $781.2bn against $1.0bn.

MODL vs SPY: Differences, Returns & Fees
MODLSPY
Expense ratio0.46%0.09%
Net assets, as of Jun 30, 2026$1.0bn$781.2bn
Total return, 1 year+15.3%+17.3%
What it tracksNo index, actively managedS&P 500 Index
Holdings in common69%
Top ten holdings, share of the fund32.6%39.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.

+15.3%
MODL total return, 1 year
+17.3%
SPY total return, 1 year
0.46%
MODL expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, MODL and SPY hold 69% 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 Jun 30, 2026 and Oct 8, 2026.

half

69% in common

Positions both hold, largest shared weight first
Holding MODL SPY
NVIDIA CORPORATION 6.04% 8.34%
APPLE INC. 5.48% 7.42%
MICROSOFT CORPORATION 3.52% 5.80%
ALPHABET INC. 3.36% 3.06%
ALPHABET INC. 2.90% 2.45%
BROADCOM INC. 2.31% 2.56%
META PLATFORMS, INC. 1.97% 2.38%
AMAZON.COM, INC. 1.96% 3.73%
MICRON TECHNOLOGY, INC. 1.69% 1.75%
BERKSHIRE HATHAWAY INC. 1.73% 1.42%
ELI LILLY AND COMPANY 2.21% 1.40%
JPMORGAN CHASE & CO. 2.16% 1.32%
Only in MODL
BERKSHIRE HATHAWAY INC. 0.58%
CORTEVA, INC. 0.25%
ALNYLAM PHARMACEUTICALS, INC. 0.24%
NATERA, INC. 0.23%
REVOLUTION MEDICINES, INC. 0.21%
SPACE EXPLORATION TECHNOLOGIES CORP. 0.15%
XPO, INC. 0.14%
INSMED INCORPORATED 0.14%
Only in SPY
EXXONMOBIL HOLDINGS CORP 1.04%
WALMART INC 0.74%
COSTCO WHOLESALE CORP 0.63%
CHEVRON CORP 0.62%
CATERPILLAR INC 0.55%
PROCTER + GAMBLE CO/THE 0.52%
COCA COLA CO/THE 0.51%
GENERAL ELECTRIC 0.47%

Check overlap with more funds →

On the same fields

MODL
VictoryShares WestEnd U.S. Sector ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer VictoryShares State Street
What it is Actively managed Tracks the S&P 500
Total return, 1 year +15.3% +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 0.46% 0.09%
Already in the S&P 500 95.6% 99.8%
Holdings 363 504
Net assets, MODL as of Jun 30, 2026 and SPY as of Oct 8, 2026 $1.0bn $817.2bn

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

About MODL

MODL is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.46% a year. By its holdings filed for Jun 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 363 positions, with the top ten at 32.6%.

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. The prospectus expense ratio is 0.09% a year. 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, MODL or SPY?
In the year to Oct 9, 2026, with distributions reinvested, MODL returned +15.3% and SPY +17.3%.
Which is cheaper, MODL or SPY?
SPY is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MODL and SPY overlap with the S&P 500?
By their latest filed holdings, 96% of MODL and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
MODL vs VTIMODL vs VOOMODL vs SPYMMODL vs SCHXSPY vs USMCSCHK vs SPYRECS vs SPYSPY vs USMV
MODL on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
MODL filings on SEC EDGAR ↗MODL prospectus with the expense ratio (SEC) ↗SPY filings on SEC EDGAR ↗State Street website ↗

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

Open data

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