Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPY vs XHB: how they differ
SPY and XHB hold 1% of their weight in the same names, and SPY returned more over the year.
SPDR S&P 500 ETF Trust and State Street(R) SPDR(R) S&P(R) Homebuilders ETF.
What they hold in common
By the books each fund has filed, SPY and XHB hold 1% of their money in the same securities at the same weight.
| Holding | SPY | XHB |
|---|---|---|
| HOME DEPOT INC | 0.47% | 3.62% |
| LOWE S COS INC | 0.17% | 3.44% |
| TRANE TECHNOLOGIES PLC | 0.15% | 3.70% |
| JOHNSON CONTROLS INTERNATION | 0.13% | 3.87% |
| CARRIER GLOBAL CORP | 0.07% | 3.15% |
| DR HORTON INC | 0.06% | 3.49% |
| WILLIAMS SONOMA INC | 0.04% | 4.08% |
| PULTEGROUP INC | 0.03% | 3.71% |
| LENNAR CORP A | 0.03% | 3.27% |
| NVR INC | 0.03% | 3.65% |
| MASCO CORP | 0.02% | 3.61% |
| ALLEGION PLC | 0.02% | 4.42% |
| Only in SPY | Only in XHB |
|---|---|
| NVIDIA CORP 8.08% | OWENS CORNING 4.18% |
| APPLE INC 7.33% | CHAMPION HOMES INC 3.94% |
| MICROSOFT CORP 5.59% | INSTALLED BUILDING PRODUCTS 3.90% |
| AMAZON.COM INC 3.77% | CARLISLE COS INC 3.80% |
| ALPHABET INC CL A 2.98% | ADVANCED DRAINAGE SYSTEMS IN 3.71% |
| BROADCOM INC 2.61% | SOMNIGROUP INTERNATIONAL INC 3.65% |
| ALPHABET INC CL C 2.39% | TOLL BROTHERS INC 3.60% |
| META PLATFORMS INC CLASS A 2.16% | CAVCO INDUSTRIES INC 3.50% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| SPY SPDR S&P 500 ETF Trust | XHB State Street(R) SPDR(R) S&P(R) Homebuilders ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | State Street |
| What it is | S&P 500 | SPDR S&P Homebuilders |
| Total return, 1 year | +17.5% | −16.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | −34.1 pts |
| Expense ratio | 0.09% | 0.35% |
| Already in the S&P 500 | 100.0% | 45.7% |
| Holdings | 505 | 35 |
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
XHB in plain words
XHB is an index equity fund tracking the SPDR S&P Homebuilders. Over the year to Sep 11, 2026 it returned −16.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Sep 10, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 39.3%. It sat 20.6% below its high of Oct 18, 2024 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SPY or XHB?
- In the year to Sep 13, 2026, with distributions reinvested, SPY returned +17.5% and XHB returned −16.6%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPY or XHB?
- SPY charges 0.09% a year and XHB charges 0.35%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do SPY and XHB overlap with the S&P 500?
- By their latest filed holdings, 100% of SPY and 46% of XHB by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SPY against XHB, data as of Sep 13, 2026. https://etfiq.com/compare/any/spy-vs-xhb Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources