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

In the year to Nov 4, 2026, with distributions reinvested, SPY returned +14.8% and XLSR +9.5%.

Which is cheaper, SPY or XLSR?

SPY is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SPY and XLSR overlap with the S&P 500?

By their latest filed holdings, 100% of SPY and 34% of XLSR by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

SPY vs XLSR: Differences, Returns & Fees

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Over the year to Nov 4, 2026, SPY returned +14.8% to XLSR's +9.5%; 21% of their weight is in the same names.

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Net assets on Nov 3, 2026: $804.8bn for SPDR S&P 500 ETF Trust and $1.1bn for State Street US Sector Rotation ETF.

SPY on its own →XLSR on its own →

At a glance

+14.8%

SPY total return, 1 year

+9.5%

XLSR total return, 1 year

0.09%

SPY expense ratio

0.70%

XLSR expense ratio

Pair scorecard

SPY costs 0.61 points a year less; their one-year returns differ by 5.3 points; SPY is far larger, $804.8bn against $1.1bn.

SPY vs XLSR: Differences, Returns & Fees
Measure	SPY	XLSR
Return
Measure	SPY	XLSR
Total return, 1 year	+14.8%	+9.5%
Benchmark
Measure	SPY	XLSR
What it tracks	S&P 500 Index	No index, actively managed
Cost and size
Measure	SPY	XLSR
Expense ratio	0.09%	0.70%
Net assets, as of Nov 3, 2026	$804.8bn	$1.1bn
Holdings
Measure	SPY	XLSR
Holdings in common	21%
Top ten holdings, share of the fund	37.3%	90.9%

Method

What they share

21%

By the books each fund has filed, SPY and XLSR hold 21% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

21% in common

Positions both hold · largest shared weight first SPY XLSR

NVIDIA CORP 7.66% 3.84%

APPLE INC 7.42% 3.71%

MICROSOFT CORP 5.93% 2.79%

ALPHABET INC CL A 2.52% 3.62%

META PLATFORMS INC CLASS A 2.10% 2.37%

ALPHABET INC CL C 2.03% 2.85%

AMAZON.COM INC 3.77% 1.81%

BROADCOM INC 2.42% 1.17%

MICRON TECHNOLOGY INC 1.48% 0.45%

NETFLIX INC 0.41% 0.30%

TESLA INC 1.72% 0.20%

VERIZON COMMUNICATIONS INC 0.29% 0.12%

Only in one fund ↓

Only in SPY

ELI LILLY + CO 1.73%

BERKSHIRE HATHAWAY INC CL B 1.59%

JPMORGAN CHASE + CO 1.38%

EXXONMOBIL HOLDINGS CORP 1.12%

VISA INC CLASS A SHARES 1.10%

JOHNSON + JOHNSON 0.98%

WALMART INC 0.85%

MASTERCARD INC A 0.80%

Only in XLSR

STATE STREET TECHNOLOGY SELECT 26.80%

STATE STREET HEALTH CARE SELEC 24.28%

STATE STREET FINANCIAL SELECT 11.54%

STATE STREET CONSUMER DISCRETI 6.50%

STATE STREET COMMUNICATION SER 4.97%

STATE STREET INDUSTRIAL SELECT 1.38%

STATE STREET ENERGY SELECT SEC 1.16%

Check overlap with more funds →

Side by side

SPY SPDR S&P 500 ETF Trust XLSR State Street US Sector Rotation ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks the S&P 500 Actively managed

Total return, 1 year +14.8% +9.5%

Its benchmark over the same days +14.8% (VOO) +14.8% (VOO)

Gap to its benchmark 0.0 pts vs VOO −5.3 pts vs VOO

Expense ratio 0.09% 0.70%

Already in the S&P 500 99.8% 34.4%

Holdings 504 21

Net assets, as of Nov 3, 2026 $804.8bn $1.1bn

SPY and XLSR on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

SPY

SPY tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% 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 Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 37.3%.

XLSR

XLSR is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +9.5% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.70% a year. By its holdings published by its issuer for Nov 3, 2026, 34% of the fund by weight is stocks the S&P 500 also holds, across 21 positions, with the top ten at 90.9%.

Questions people ask

Which returned more over the last year, SPY or XLSR?: In the year to Nov 4, 2026, with distributions reinvested, SPY returned +14.8% and XLSR +9.5%.
Which is cheaper, SPY or XLSR?: SPY is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPY and XLSR overlap with the S&P 500?: By their latest filed holdings, 100% of SPY and 34% of XLSR by weight is stocks the S&P 500 already holds.

Other comparisons

SPY vs VOTE EFIV vs SPY MODL vs SPY SPY vs STXF IVV vs XLSR VTI vs XLSR VOO vs XLSR SPYM vs XLSR

Where to next

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

Sources and dates

SPY filings on SEC EDGAR ↗

State Street website ↗

XLSR filings on SEC EDGAR ↗

XLSR 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.

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ETFIQ, SPY against XLSR, data as of Nov 4, 2026. https://etfiq.com/compare/any/spy-vs-xlsr

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