Data as of Oct 28, 2026.

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SPYG vs XLC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPYG returned +12.2% to XLC's −10.4%; 14% of their weight is in the same names.

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Net assets on Oct 27, 2026: $55.9bn for State Street SPDR Portfolio S&P 500 Growth ETF and $22.1bn for State Street Communication Services Select Sector SPDR ETF.

At a glance
+12.2%
SPYG total return, 1 year
−10.4%
XLC total return, 1 year
0.04%
SPYG expense ratio
0.08%
XLC expense ratio

Pair scorecard

SPYG costs 0.04 points a year less; their one-year returns differ by 22.6 points; SPYG is 2.5 times larger.

SPYG vs XLC: Differences, Returns & Fees
MeasureSPYGXLC
Return
Total return, 1 year+12.2%−10.4%
Drawdown
Below its high4.1%, high on Oct 6, 202613.3%, high on Jan 30, 2026
Benchmark
What it tracksS&P 500 Growth IndexCommunication Services Select Sector Index
Cost and size
Expense ratio0.04%0.08%
Net assets, as of Oct 27, 2026$55.9bn$22.1bn
Holdings
Holdings in common14%
Top ten holdings, share of the fund59.6%75.3%

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

Risk and return

Jun 29, 2018 to Oct 23, 2026 · 434 weekly returns
SPYG XLC
Return
Total return edge SPYG +264.1% +131.1%
Annualized edge SPYG +16.7% +10.6%
Price return edge SPYG +236.4% +113.0%
Risk
Volatility edge XLC (slight) 20.6% 20.0%
Max drawdown edge SPYG −31.9% −45.9%
Risk-adjusted
Sharpe edge SPYG 0.72 0.46
Sortino edge SPYG 1.07 0.66
Calmar edge SPYG 0.53 0.23
Reading

SPYG returned more: +264.1% to +131.1%. XLC swung slightly less: 20.0% to 20.6%. SPYG fell less at its worst: −31.9% to −45.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: SPYG vs XLC: Differences, Returns & Fees
MeasureSPYGXLCEdgeHow it is measured
Return
Total return+264.1%+131.1%SPYGPrice change plus distributions, reinvested.
Annualized+16.7%+10.6%SPYGTotal return as a yearly rate.
Price return+236.4%+113.0%SPYGPrice change alone, distributions left out.
Risk
Volatility20.6%20.0%XLC (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation13.9%14.0%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.9%−45.9%SPYGDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.720.46SPYGReturn above Treasury bills per unit of volatility.
Sortino1.070.66SPYGReturn above Treasury bills per unit of downside deviation.
Calmar0.530.23SPYGAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, SPYG and XLC hold 14% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

14% in common

Positions both hold · largest shared weight first SPYG XLC
ALPHABET INC CL A 5.21% 12.27%
ALPHABET INC CL C 4.17% 9.82%
META PLATFORMS INC CLASS A 3.79% 21.45%
NETFLIX INC 0.72% 4.14%
APPLOVIN CORP CLASS A 0.20% 4.34%
TAKE TWO INTERACTIVE SOFTWRE 0.05% 4.80%
LIVE NATION ENTERTAINMENT IN 0.04% 3.87%
ECHOSTAR CORP A 0.04% 1.78%
REDDIT INC CL A 0.03% 2.83%
TKO GROUP HOLDINGS INC 0.03% 1.47%
FOX CORP CLASS A 0.02% 1.83%
FOX CORP CLASS B 0.01% 1.09%
Only in one fund ↓
Only in SPYG
NVIDIA CORP 14.61%
MICROSOFT CORP 10.93%
APPLE INC 7.01%
BROADCOM INC 4.51%
AMAZON.COM INC 3.65%
MICRON TECHNOLOGY INC 2.90%
ELI LILLY + CO 2.84%
BERKSHIRE HATHAWAY INC CL B 2.80%
Only in XLC
WALT DISNEY CO 5.33%
COMCAST CORP CLASS A 4.48%
VERIZON COMMUNICATIONS INC 4.45%
AT+T INC 4.20%
T MOBILE US INC 4.17%
OMNICOM GROUP 3.06%
CHARTER COMMUNICATIONS INC A 1.66%
NEWS CORP CLASS A 1.53%
Check overlap with more funds →

Side by side

SPYG State Street SPDR Portfolio S&P 500 Growth ETF XLC State Street Communication Services Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Growth Tracks an index of Communication services
Total return, 1 year +12.2% −10.4%
Its benchmark over the same days +12.1% (IVW) not measured
Gap to its benchmark +0.1 pts vs IVW not measured
Expense ratio 0.04% 0.08%
Already in the S&P 500 100.0% 99.8%
Holdings 152 23
Net assets, as of Oct 27, 2026 $55.9bn $22.1bn

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

Client brief · page 1 of 2 Report BR-B3ECF2ADE8

SPYG and XLC do different jobs. What does each one do in a portfolio?

  1. What each follows. SPYG follows S&P 500 Growth Index and XLC follows Communication Services Select Sector Index.
  2. Holdings in common. 14% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 SPYG returned +12.2% and XLC −10.4% with distributions reinvested, a gap of 22.6 points.

Data as of Oct 28, 2026.

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About each fund
SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

XLC

XLC tracks an index of Communication services. Over the year to Oct 28, 2026 it returned −10.4% with distributions reinvested. The prospectus expense ratio is 0.08% 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 23 positions, with the top ten at 75.3%. It sat 13.3% below its high of Jan 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SPYG or XLC?
In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and XLC −10.4%.
Which is cheaper, SPYG or XLC?
SPYG is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPYG and XLC overlap with the S&P 500?
By their latest filed holdings, 100% of SPYG and 100% of XLC by weight is stocks the S&P 500 already holds.
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ETFIQ, SPYG against XLC, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyg-vs-xlc

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