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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
64.1 %

51 positions appear in both funds. Buying equal dollars of SPY and XLG would leave roughly 64.1% of each dollar exposed to the same underlying securities.

SPY unmatched 35.8% Shared 64.1% XLG unmatched 35.9%

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
454 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
$809.22B
TTM yield
1.00%
Top-10 conc.
37.9%
XLG

Invesco S&P 500 Top 50 ETF

Invesco · US Large Cap

79 composite / 100
Expense ratio
0.20%
Net assets
$11.69B
TTM yield
0.64%
Top-10 conc.
60.1%

Sub-score comparison

91
Cost
80
89
Tax efficiency
89
100
Liquidity
100
60
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 NVIDIA CORP 8.50% 12.06% 8.50%
2 APPLE INC 7.32% 11.26% 7.32%
3 MICROSOFT CORP 5.77% 8.56% 5.77%
4 AMAZON.COM INC 3.71% 6.60% 3.71%
5 ALPHABET INC CL A 3.03% 5.18% 3.03%
6 BROADCOM INC 2.54% 4.57% 2.54%
7 ALPHABET INC CL C 2.43% 4.18% 2.43%
8 META PLATFORMS INC CLASS A 2.41% 3.03% 2.41%
9 MICRON TECHNOLOGY INC 1.82% 2.30% 1.82%
10 TESLA INC 1.57% 2.17% 1.57%
11 ADVANCED MICRO DEVICES 1.55% 1.93% 1.55%
12 BERKSHIRE HATHAWAY INC CL B 1.41% 2.33% 1.41%

Only in SPY

454 total
  • PALO ALTO NETWORKS INC 0.49%
  • CROWDSTRIKE HOLDINGS INC A 0.41%
  • RTX CORP 0.37%
  • THERMO FISHER SCIENTIFIC INC 0.36%
  • MARVELL TECHNOLOGY INC 0.36%
  • AMGEN INC 0.33%
  • ARISTA NETWORKS INC 0.33%
  • CITIGROUP INC 0.32%
  • AMPHENOL CORP CL A 0.32%
  • ANALOG DEVICES INC 0.31%

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.