Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPYM vs SQMX: how they differ
Over the year SPYM returned more, +17.6% against +7.2%, and SQMX charges 0.85% against 1.30%.
State Street(R) SPDR(R) Portfolio S&P 500(R) ETF and FT Vest U.S. Equity Quarterly Max Buffer ETF.
| SPYM State Street(R) SPDR(R) Portfolio S&P 500(R) ETF | SQMX FT Vest U.S. Equity Quarterly Max Buffer ETF | |
|---|---|---|
| Where it sits | Core index fund | Buffer ETF |
| Issuer | State Street | First Trust |
| What it is | S&P 500 | Defined outcome, 13% on SPY |
| Total return, 1 year | +17.6% | +7.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.1 pts | −10.3 pts |
| Expense ratio | 1.30% | 0.85% |
| Holdings | 507 | not filed |
SPYM in plain words
SPYM is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 1.30% 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 507 positions, with the top ten at 38.1%.
SQMX in plain words
From its price on Sep 13, 2026, the fund can gain about 0.9% more before it reaches its cap. The fund's price can fall 2.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% from today's level to the point where the buffer begins. Protection left, in index points: 12.6% of the 12.6% buffer still sits below today's SPY level. 7 days remained on Sep 13, 2026. On Sep 18, 2026 the period ends and a new cap is set.
Questions people ask
- Which returned more over the last year, SPYM or SQMX?
- In the year to Sep 13, 2026, with distributions reinvested, SPYM returned +17.6% and SQMX returned +7.2%, so SPYM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPYM or SQMX?
- SPYM charges 1.30% a year and SQMX charges 0.85%, so SQMX is cheaper. Fees come from each fund's prospectus.
- Are SPYM and SQMX the same kind of fund?
- No. SPYM is an index ETF and SQMX is a buffer ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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, SPYM against SQMX, data as of Sep 13, 2026. https://etfiq.com/compare/any/spym-vs-sqmx Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources