FLAG vs SPYV: Grades, Fees and Holdings Compared

Global X S&P 500 U.S. Market Leaders Top 50 ETF

FLAGDNYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

17.1%by weight

Expense ratio

SPYV −0.25pt a year

FLAG0.29%SPYV0.04%

Avg volume · 30D

SPYV 9393.0×the volume

FLAG224SPYV2.1M

FLAG vs SPYV Performance

Oct 31, 2025 – Oct 30, 2026

+6.8%FLAG+16.6%SPYV

Expense ratio: FLAG 0.29%; SPYV 0.04%, better
Fund size: FLAG $2M; SPYV $39.2B
1Y total return: FLAG +6.8%; SPYV +16.6%, better
Yield (12M): FLAG 1.95%, better; SPYV 1.65%
Holdings: FLAG 51; SPYV 437
Avg volume (30D): FLAG 224 sh; SPYV 2.1M sh, better
NAV per share: FLAG $29.04; SPYV $64.64
52W range

ETF.net Grade

Pillar letters and Scores for FLAG, SPYV, with each pillar’s weight
Pillar	FLAG	SPYV
Cost30% weight	C49	A98Higher
Mission25% weight	D38	A86Higher
Risk15% weight	C50	A82Higher
Tradability15% weight	F19	A97Higher
Holdings10% weight	C42	A71Higher
Durability5% weight	F17	A86Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. FLAG and SPYV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and FLAG 30th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 29CCHRIGlobal X S&P 500 Christian Values ETFScore 44
Rank 30DFLAGGlobal X S&P 500 U.S. Market Leaders Top 50 ETFScore 39
Rank 31DACSIAmerican Customer Satisfaction ETFScore 37

Our read on each fund

ETF.net Research

FLAGDGlobal X S&P 500 U.S. Market Leaders Top 50 ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

FLAG The S&P 500, boiled down to the 50 names that rank highest on a profitability-and-quality "Market Leader" screen. Global X charges 0.29% for a concentrated cut of America's biggest earners instead of the full 500.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

FLAG The fund seeks to provide investment results that generally correspond, before fees and expenses, to the price and yield performance of the S&P 500® U.S. Revenue Market Leaders 50 Index.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

FLAG 0.29% a year undercuts the typical fund in its index-tracking peer group, which is unusual for a rules-based screen rather than plain market-cap weighting.
About 50 holdings, not 500. The leaders carry real weight here instead of being diluted by a long tail of smaller index members.
Fully rules-driven: it tracks S&P's U.S. Revenue Market Leaders 50 Index, screened on profitability and quality, so stock picks are not left to a manager's mood.globalxetfs.com

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

FLAG Launched in 2025, so there is no long record showing how the screen behaves across a full market cycle.
Still a small, lightly traded fund, so bid-ask spreads can run wider than on the household-name index funds in its category.
Fifty names concentrate company-specific risk. Broad rivals like SCHK (0.03%) and SPYV (0.04%) spread it far wider for a fraction of the fee.

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full FLAG profile⁠

Full SPYV profile⁠

FLAG vs SPYV Holdings

As of Oct 13, 2026

How FLAG and SPYV differ

Overlap by weight

17.1%

Shared holdings make up 72.7% of FLAG and 17.1% of SPYV.

Level by level

Holdings39 in both17.1%
Countryby domicile99.2%
Asset classEquity100%

Sector

No Sector split for FLAG.

Country, concentration and asset class

Country by domicile

Country weights in FLAG and SPYV, widest gap first
Country	More in FLAGMore in SPYV	FLAG	SPYV
United States	FLAG +0.8 points	100.0%	99.2%
Switzerland	SPYV +0.6 points	0.0%	0.6%
Other countries (3)	SPYV +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

FLAG47.8%
SPYV24.4%

Securities held

FLAG51
SPYV435

Asset class

FLAG: Equity
SPYV: Equity

Holdings

Only in FLAG12
In both39
Only in SPYV396

Only in FLAG

12 securities, 27.3% of FLAG by weight

Microsoft Corp5.95%
NVIDIA Corp4.93%
Eli Lilly & Co4.55%
Arista Networks Inc4.49%
Applovin Corp-Class A1.67%
Marriott International -Cl A1.44%
Hca Healthcare Inc1.30%
O'reilly Automotive Inc1.26%
Idexx Laboratories Inc0.77%
Verisign Inc0.47%
Tapestry Inc0.43%
Other Payable & Receivables0.07%

Only in SPYV

396 securities, 82.8% of SPYV by weight

Apple Inc8.30%
Exxonmobil Holdings Corp2.46%
Intel Corp1.49%
Chevron Corp1.49%
Costco Wholesale Corp1.44%
Tesla Inc1.41%
Procter & Gamble Co/The1.22%
Bank of America Corp1.08%
Visa Inc Class A Shares1.03%
JPMorgan Chase & Co0.95%
Texas Instruments Inc0.93%
Johnson & Johnson0.89%
Thermo Fisher Scientific Inc0.85%
Wells Fargo & Co0.84%
Linde PLC0.76%
Analog Devices Inc0.69%
Citigroup Inc0.69%
Coca Cola Co/The0.68%
Qualcomm Inc0.65%
Walt Disney Co/The0.62%
Salesforce Inc0.62%
Abbott Laboratories0.59%
Conocophillips0.59%
Union Pacific Corp0.58%
Nextera Energy Inc0.56%
Pfizer Inc0.56%
Mastercard Inc A0.55%
BlackRock Inc0.55%
Deere & Co0.54%
General Electric0.51%
Eaton Corp PLC0.50%
Accenture PLC Class A0.49%
Danaher Corp0.48%
Schwab (Charles) Corp0.47%
Dell Technologies C0.47%
At+t Inc0.47%
Philip Morris International0.47%
Western Digital Corp0.46%
Vertex Pharmaceuticals Inc0.45%
Palo Alto Networks Inc0.44%
Chubb Ltd0.41%
Bristol Myers Squibb Co0.41%
Prologis Inc0.40%
Marathon Petroleum Corp0.40%
Medtronic PLC0.39%
Intl Business Machines Corp0.38%
Oracle Corp0.38%
Cvs Health Corp0.38%
Valero Energy Corp0.36%
Phillips 660.36%

Weight gaps

All 39 Holdings in both funds, largest gap first.

Holding weights in FLAG and SPYV, widest gap first
Holding	More in FLAGMore in SPYV	FLAG	SPYV
AbbVie IncABBV	FLAG +4.54 points	5.44%	0.90%
Merck & Co. Inc.MRK	FLAG +4.15 points	5.33%	1.18%
Cisco Systems IncCSCO	FLAG +3.57 points	4.23%	0.66%
Home Depot IncHD	FLAG +2.90 points	3.97%	1.07%
UnitedHealth Group IncUNH	FLAG +2.85 points	4.05%	1.20%
Verizon Communications IncVZ	FLAG +2.73 points	3.32%	0.59%
Pepsico IncPEP	FLAG +2.52 points	3.11%	0.59%
Tjx Companies IncTJX	FLAG +2.39 points	2.62%	0.23%
Walmart IncWMT	FLAG +2.33 points	4.09%	1.76%
Progressive CorpPGR	FLAG +2.04 points	2.23%	0.19%
Capital One Financial CorpCOF	FLAG +1.96 points	2.38%	0.42%
Intuit IncINTU	FLAG +1.81 points	1.94%	0.13%
Adobe IncADBE	FLAG +1.75 points	2.07%	0.32%
Automatic Data ProcessingADP	FLAG +1.65 points	2.02%	0.37%
Altria Group IncMO	FLAG +1.64 points	2.06%	0.42%
Mckesson CorpMCK	FLAG +1.61 points	1.98%	0.37%
Starbucks CorpSBUX	FLAG +1.49 points	1.88%	0.39%
Lowe's Cos IncLOW	FLAG +1.45 points	1.83%	0.38%
Lockheed Martin CorpLMT	FLAG +1.45 points	1.88%	0.43%
United Parcel Service-Cl BUPS	FLAG +1.12 points	1.38%	0.26%
Amazon.com IncAMZN	FLAG +1.10 points	4.76%	3.66%
Motorola Solutions IncMSI	FLAG +1.08 points	1.35%	0.27%
Cencora IncCOR	FLAG +0.89 points	1.10%	0.21%
Autozone IncAZO	FLAG +0.80 points	0.86%	0.06%
Ameriprise Financial IncAMP	FLAG +0.69 points	0.83%	0.14%
Yum! Brands IncYUM	FLAG +0.65 points	0.72%	0.07%
Resmed IncRMD	FLAG +0.55 points	0.60%	0.05%
Paychex IncPAYX	FLAG +0.52 points	0.63%	0.11%
Kimberly-Clark CorpKMB	FLAG +0.46 points	0.58%	0.12%
Zoetis IncZTS	FLAG +0.45 points	0.56%	0.11%
Synchrony FinancialSYF	FLAG +0.38 points	0.46%	0.08%
Copart IncCPRT	FLAG +0.36 points	0.44%	0.08%
Expand Energy CorpEXE	FLAG +0.33 points	0.40%	0.07%
Texas Pacific Land CorpTPL	FLAG +0.33 points	0.39%	0.06%
Fair Isaac CorpFICO	FLAG +0.32 points	0.35%	0.03%
Godaddy Inc - Class AGDDY	FLAG +0.25 points	0.29%	0.04%
Deckers Outdoor CorpDECK	FLAG +0.18 points	0.22%	0.04%
Lululemon Athletica IncLULU	FLAG +0.16 points	0.20%	0.04%
Domino's Pizza IncDPZ	FLAG +0.14 points	0.17%	0.03%

All 50 FLAG holdings⁠All 435 SPYV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLAG vs SPYV Cost

Overpaying FLAG vs SPYV

$5,103

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FLAG 0.29%
$5,952
SPYV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FLAG 0.29%
SPYV 0.04%
Overpaying

Year by year

Year	FLAG	SPYV	Overpaying
10	$527	$73	$454
20	$2,044	$288	$1,756
30	$5,952	$849	$5,103

Expense ratio

0.29%FLAG
0.04%SPYV, cheaper

SPYV0.04%FLAG0.29%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

FLAG 21st cheapest of 42 funds

FLAG vs SPYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLAG 1.95%, better; SPYV 1.65%
Payout (12M): FLAG $0.57; SPYV $1.06
Last payment: FLAG $0.24; SPYV $0.27
Ex-dividend: FLAG Jun 29, 2026; SPYV Sep 21, 2026
Paid on: FLAG Jul 2, 2026; SPYV Sep 23, 2026
Frequency: FLAG Twice a year; SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FLAGTwice a year · 3 paymentsAll FLAG payments⁠

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

FLAG vs SPYV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FLAG 10.6%since May 2025SPYV 11.7%
Return per unit of riskSharpe ratio, 3 years: FLAG 0.62since May 2025SPYV 1.17
Worst fallMax drawdown, 5 years: FLAG −9.3%since Apr 2025SPYV −17.9%
Market sensitivityBeta, 5 years: FLAG 0.61SPYV 0.83; Market = 1

FLAG and SPYV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SPYV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SPYV

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FLAG vs SPYV

In short

Stated mandate

Why people hold it

Worth knowing

How FLAG and SPYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLAG

Only in SPYV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

How FLAG and SPYV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLAG

Only in SPYV

Weight gaps