Which returned more over the last year, SPY or XHB?

In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and XHB −8.6%.

Which is cheaper, SPY or XHB?

SPY is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. 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.

Data as of Oct 28, 2026.

Across categories

SPY vs XHB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPY returned +13.6% to XHB's −8.6%; 1% of their weight is in the same names.

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Net assets on Oct 27, 2026: $814.8bn for SPDR S&P 500 ETF Trust and $1.5bn for State Street SPDR S&P Homebuilders ETF.

SPY on its own →XHB on its own →

At a glance

+13.6%

SPY total return, 1 year

−8.6%

XHB total return, 1 year

0.09%

SPY expense ratio

0.35%

XHB expense ratio

Pair scorecard

SPY costs 0.26 points a year less; their one-year returns differ by 22.2 points; SPY is far larger, $814.8bn against $1.5bn.

SPY vs XHB: Differences, Returns & Fees
Measure	SPY	XHB
Return
Measure	SPY	XHB
Total return, 1 year	+13.6%	−8.6%
Drawdown
Measure	SPY	XHB
Below its high		20.5%, high on Oct 18, 2024
Benchmark
Measure	SPY	XHB
What it tracks	S&P 500 Index	S&P Homebuilders Select Industry Index
Cost and size
Measure	SPY	XHB
Expense ratio	0.09%	0.35%
Net assets, as of Oct 27, 2026	$814.8bn	$1.5bn
Holdings
Measure	SPY	XHB
Holdings in common	1%
Top ten holdings, share of the fund	38.1%	35.4%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, SPY and XHB hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first SPY XHB

HOME DEPOT INC 0.48% 3.30%

LOWE S COS INC 0.17% 3.21%

TRANE TECHNOLOGIES PLC 0.15% 3.34%

JOHNSON CONTROLS INTERNATION 0.14% 3.46%

CARRIER GLOBAL CORP 0.07% 3.21%

DR HORTON INC 0.06% 3.41%

WILLIAMS SONOMA INC 0.04% 3.54%

PULTEGROUP INC 0.03% 3.29%

LENNAR CORP A 0.02% 3.37%

ALLEGION PLC 0.02% 3.83%

MASCO CORP 0.02% 3.49%

NVR INC 0.02% 3.02%

Only in one fund ↓

Only in SPY

NVIDIA CORP 7.92%

APPLE INC 7.61%

MICROSOFT CORP 5.93%

AMAZON.COM INC 3.73%

ALPHABET INC CL A 2.83%

BROADCOM INC 2.45%

ALPHABET INC CL C 2.26%

META PLATFORMS INC CLASS A 2.06%

Only in XHB

SHARKNINJA INC 3.76%

WAYFAIR INC CLASS A 3.63%

SIMPSON MANUFACTURING CO INC 3.49%

TOLL BROTHERS INC 3.38%

CARLISLE COS INC 3.33%

MERITAGE HOMES CORP 3.23%

CAVCO INDUSTRIES INC 3.22%

ADVANCED DRAINAGE SYSTEMS IN 3.20%

Check overlap with more funds →

Side by side

SPY SPDR S&P 500 ETF Trust XHB State Street SPDR S&P Homebuilders ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks the S&P 500 Tracks the S&P Homebuilders

Total return, 1 year +13.6% −8.6%

Its benchmark over the same days +13.7% (VOO) not measured

Gap to its benchmark −0.1 pts vs VOO not measured

Expense ratio 0.09% 0.35%

Already in the S&P 500 99.8% 45.7%

Holdings 504 34

Net assets, as of Oct 27, 2026 $814.8bn $1.5bn

SPY and XHB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% 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 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.

XHB

XHB tracks the S&P Homebuilders. Over the year to Oct 28, 2026 it returned −8.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 34 positions, with the top ten at 35.4%. It sat 20.5% below its high of Oct 18, 2024 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SPY or XHB?: In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and XHB −8.6%.
Which is cheaper, SPY or XHB?: SPY is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. 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.

Other comparisons

SPY vs XRT SPY vs XLY SPY vs XLF SPY vs XOP VOO vs XHB IVV vs XHB VTI vs XHB SPYM vs XHB

Where to next

SPY on its own →XHB on its own →Hold both: look the portfolio through →Rankings →SPY dividend history →SPY holdings →XHB dividend history →XHB holdings →Standards and sources →

Sources and dates

SPY filings on SEC EDGAR ↗

State Street website ↗

XHB filings on SEC EDGAR ↗

XHB prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. 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, SPY against XHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-xhb

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