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ETF comparison

SPY vs XLG

Both US Large Cap.

State Street SPDR S&P 500 ETF Trust · Invesco S&P 500 Top 50 ETF

Holdings overlap

Weighted by ISIN/CUSIP
62.5 %

51 positions appear in both funds. Buying equal dollars of SPY and XLG would leave roughly 62.5% of each dollar exposed to the same underlying securities.

SPY unmatched 37.4% Shared 62.5% XLG unmatched 37.6%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SPY only
453 positions
Shared
51 positions
In XLG only
1 positions

Side by side

SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$796.87B
TTM yield
1.01%
Top-10 conc.
37.3%
XLG

Invesco S&P 500 Top 50 ETF

Invesco · US Large Cap

79 composite / 100
Expense ratio
0.20%
Net assets
$11.51B
TTM yield
0.65%
Top-10 conc.
60.1%

Sub-score comparison

91
Cost
80
88
Tax efficiency
89
100
Liquidity
100
61
Concentration
28
—
Tracking quality
—
SPY sub-score XLG

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPY is 11 bps cheaper than XLG. On a $100,000 position that's about $106/yr more in fees for XLG.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPY vs XLG.

Top shared holdings

51 shared in total
# Holding In SPY In XLG Overlap
1 APPLE INC 7.69% 11.26% 7.69%
2 NVIDIA CORP 7.30% 12.06% 7.30%
3 MICROSOFT CORP 6.22% 8.56% 6.22%
4 AMAZON.COM INC 3.94% 6.60% 3.94%
5 ALPHABET INC CL A 2.56% 5.18% 2.56%
6 BROADCOM INC 2.33% 4.57% 2.33%
7 META PLATFORMS INC CLASS A 2.09% 3.03% 2.09%
8 ALPHABET INC CL C 2.06% 4.18% 2.06%
9 ELI LILLY + CO 1.71% 2.25% 1.71%
10 TESLA INC 1.64% 2.17% 1.64%
11 BERKSHIRE HATHAWAY INC CL B 1.63% 2.33% 1.63%
12 JPMORGAN CHASE + CO 1.41% 2.34% 1.41%

Only in SPY

453 total
  • PALO ALTO NETWORKS INC 0.43%
  • RTX CORP 0.40%
  • THERMO FISHER SCIENTIFIC INC 0.39%
  • AMGEN INC 0.39%
  • CROWDSTRIKE HOLDINGS INC A 0.37%
  • GILEAD SCIENCES INC 0.33%
  • CITIGROUP INC 0.32%
  • WALT DISNEY CO/THE 0.31%
  • ABBOTT LABORATORIES 0.30%
  • ANALOG DEVICES INC 0.30%

Only in XLG

1 total
  • Invesco Government & Agency Portfolio 0.03%

Percentages are holdings overlap with the named fund.

Open SPY or XLG at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.