SPYM vs SPYX: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

SPYXCNYSE Arca

Overlap

96.5%by weight

Expense ratio

SPYM −0.18pt a year

SPYM0.02%SPYX0.20%

Avg volume · 30D

SPYM 160.5×the volume

SPYM12MSPYX74.7K

10Y return · a year

SPYM +0.1pt

SPYM+15.4%SPYX+15.3%

SPYM vs SPYX Performance

Oct 29, 2021 – Oct 30, 2026

+76.6%SPYM+72.9%SPYX

Expense ratio: SPYM 0.02%, better; SPYX 0.20%
Fund size: SPYM $185B; SPYX $2.84B
1Y total return: SPYM +12.1%, better; SPYX +11.0%
Yield (12M): SPYM 1.02%, better; SPYX 0.86%
Holdings: SPYM 507; SPYX 489
Avg volume (30D): SPYM 12M sh, better; SPYX 74.7K sh
NAV per share: SPYM $90.57; SPYX $62.96
52W range

ETF.net Grade

Pillar letters and Scores for SPYM, SPYX, with each pillar’s weight
Pillar	SPYM	SPYX
Cost30% weight	A99Higher	F17
Mission25% weight	A100	A100
Risk15% weight	C51Higher	C40
Tradability15% weight	B69	A71Higher
Holdings10% weight	B56Higher	C40
Durability5% weight	A79Higher	B63

Rank among S&P 500 funds

How we build Categories ›

Same Category. SPYM and SPYX are both graded against the same 14 S&P 500 funds, so their Grades compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st and SPYX 10th of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 9BTOPCiShares S&P 500 3% Capped ETFScore 55
Rank 10CSPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETFScore 53
Rank 11CXDIVRoundhill S&P 500 No Dividend Target ETFScore 51

Our read on each fund

ETF.net Research

SPYMAState Street SPDR Portfolio S&P 500 ETF

SPYXCState Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

In short

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

SPYX One rule separates SPYX from a plain S&P 500 tracker: companies that own oil, gas or thermal coal reserves get cut. Everything else stays, cap-weighted, the way State Street has run it since 2015.

Stated mandate

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

SPYX The fund seeks to track the total return of the S&P 500 Fossil Fuel Reserves Free Index before fees and expenses. The strategy excludes companies that own fossil fuel reserves while retaining a U.S. large-cap core orientation.

Why people hold it

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land quarterly.

SPYX A subtraction, not a rebuild. It keeps a cap-weighted US large-cap core of roughly 500 names and applies one screen, rather than re-scoring every company on broad ESG criteria.
The screen is mechanical, not editorial: the index provider defines reserves as economically and technically recoverable crude oil, natural gas and thermal coal.spglobal.com
Running since 2015 and now a multi-billion-dollar fund, it is an early entrant in fossil-fuel-free S&P 500 investing, not a recent launch chasing a theme. Pays quarterly.

Worth knowing

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

SPYX The screen carries a price: 0.20% a year, above the median for S&P 500 wrappers and several times the cost of core trackers like VOO (0.03%) and SPYM (0.02%).
Cutting reserve owners removes the parent index's oil and gas majors, so results can drift from the standard S&P 500 in either direction.
It screens reserve ownership, not emissions. Companies that burn, move or process fossil fuels without owning reserves can still be held.spglobal.com

Full SPYM profile⁠

Full SPYX profile⁠

SPYM vs SPYX Holdings

How SPYM and SPYX differ

Overlap by weight

96.5%

Shared holdings make up 100% of SPYX and 96.5% of SPYM.

Level by level

Holdings487 in both96.5%
Sector11 Sectors97.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in SPYM and SPYX, widest gap first
Sector	More in SPYMMore in SPYX	SPYM	SPYX
Energy	SPYM +2.4 points	3.7%	1.3%
Financials	SPYX +0.6 points	11.8%	12.4%
Communication	SPYX +0.6 points	8.9%	9.5%
Health Care	SPYX +0.4 points	9.8%	10.2%
Consumer Staples	SPYX +0.4 points	4.7%	5.1%
Technology	SPYX +0.3 points	38.6%	38.9%
Consumer Discretionary	SPYX +0.2 points	9.0%	9.2%
Industrials	SPYM +0.2 points	8.0%	7.8%
Utilities	SPYX +0.1 points	2.0%	2.1%
Real Estate	SPYX +0.1 points	1.7%	1.8%
Materials	SPYX +0.1 points	1.7%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in SPYM and SPYX, widest gap first
Country	More in SPYMMore in SPYX	SPYM	SPYX
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SPYM37.4%
SPYX38.7%

Securities held

SPYM506
SPYX487

Asset class

SPYM: Equity
SPYX: Equity

Holdings

Only in SPYM19
In both487
Only in SPYX0

Only in SPYM

19 securities, 3.5% of SPYM by weight

Exxonmobil Holdings Corp1.13%
Chevron Corp0.69%
Ge Vernova Inc0.36%
Sandisk Corp0.29%
Conocophillips0.27%
Eog Resources Inc0.13%
Bloom Energy Corp A0.10%
Devon Energy Corp0.08%
Occidental Petroleum Corp0.07%
Everpure Inc A0.07%
Illumina Inc0.07%
Diamondback Energy Inc0.06%
Twilio Inc A0.06%
Eqt Corp0.05%
Expand Energy Corp0.03%
Reddit Inc Class A0.03%
Apa Corp0.03%
Solventum Corp0.02%
Contra Walgreens Boots0.00%

Only in SPYX

0 securities, 0.0% of SPYX by weight

Weight gaps

The 100 widest of 487 Holdings in both funds.

Holding weights in SPYM and SPYX, widest gap first
Holding	More in SPYMMore in SPYX	SPYM	SPYX
NVIDIA CorpNVDA	SPYX +0.28 points	7.77%	8.05%
Apple IncAAPL	SPYX +0.28 points	7.65%	7.93%
Microsoft CorpMSFT	SPYX +0.21 points	5.92%	6.13%
Amazon.com IncAMZN	SPYX +0.13 points	3.60%	3.73%
Alphabet Inc Class AGOOGL	SPYX +0.09 points	2.50%	2.59%
Broadcom IncAVGO	SPYX +0.09 points	2.47%	2.56%
Meta Platforms Inc Class AMETA	SPYX +0.07 points	2.07%	2.14%
Alphabet Inc Class CGOOG	SPYX +0.07 points	2.02%	2.09%
Tesla IncTSLA	SPYX +0.06 points	1.71%	1.77%
Micron Technology IncMU	SPYX +0.05 points	1.59%	1.64%
Eli Lilly & CoLLY	SPYX +0.06 points	1.65%	1.71%
Berkshire Hathaway Inc Class BBRK.B	SPYX +0.05 points	1.52%	1.57%
Advanced Micro DevicesAMD	SPYX +0.05 points	1.39%	1.44%
JPMorgan Chase & CoJPM	SPYX +0.05 points	1.37%	1.42%
Visa Inc Class A SharesV	SPYX +0.04 points	1.05%	1.09%
Johnson & JohnsonJNJ	SPYX +0.03 points	1.00%	1.03%
Walmart IncWMT	SPYX +0.03 points	0.81%	0.84%
Mastercard Inc AMA	SPYX +0.03 points	0.77%	0.80%
AbbVie IncABBV	SPYX +0.03 points	0.77%	0.80%
Intel CorpINTC	SPYX +0.02 points	0.69%	0.71%
Palantir Technologies Inc APLTR	SPYX +0.02 points	0.68%	0.70%
Costco Wholesale CorpCOST	SPYX +0.03 points	0.66%	0.69%
Cisco Systems IncCSCO	SPYX +0.03 points	0.64%	0.67%
Procter & Gamble Co/ThePG	SPYX +0.02 points	0.56%	0.58%
UnitedHealth Group IncUNH	SPYX +0.02 points	0.55%	0.57%
Merck & Co. Inc.MRK	SPYX +0.02 points	0.54%	0.56%
Coca Cola Co/TheKO	SPYX +0.02 points	0.54%	0.56%
Applied Materials IncAMAT	SPYX +0.02 points	0.50%	0.52%
Home Depot IncHD	SPYX +0.02 points	0.49%	0.51%
Bank of America CorpBAC	SPYX +0.02 points	0.50%	0.52%
Philip Morris InternationalPM	SPYX +0.02 points	0.49%	0.51%
General ElectricGE	SPYX +0.02 points	0.49%	0.51%
Lam Research CorpLRCX	SPYX +0.02 points	0.48%	0.49%
Caterpillar IncCAT	SPYX +0.01 points	0.45%	0.46%
Palo Alto Networks IncPANW	SPYX +0.01 points	0.47%	0.48%
Medtronic PLCMDT	SPYX +0.01 points	0.18%	0.19%
Rtx CorpRTX	SPYX +0.02 points	0.40%	0.42%
Texas Instruments IncTXN	SPYX +0.01 points	0.43%	0.44%
Amgen IncAMGN	SPYX +0.02 points	0.37%	0.39%
Goldman Sachs Group IncGS	SPYX +0.01 points	0.41%	0.42%
Thermo Fisher Scientific IncTMO	SPYX +0.02 points	0.39%	0.41%
Netflix IncNFLX	SPYX +0.01 points	0.39%	0.40%
Wells Fargo & CoWFC	SPYX +0.01 points	0.39%	0.40%
Crowdstrike Holdings Inc ACRWD	SPYX +0.01 points	0.40%	0.41%
Oracle CorpORCL	SPYX +0.02 points	0.36%	0.38%
Kla CorpKLAC	SPYX +0.01 points	0.33%	0.34%
Intl Business Machines CorpIBM	SPYX +0.01 points	0.37%	0.38%
Linde PLCLIN	SPYX +0.01 points	0.35%	0.36%
Morgan StanleyMS	SPYX +0.01 points	0.34%	0.35%
Qualcomm IncQCOM	SPYX +0.01 points	0.30%	0.31%
Arista Networks IncANET	SPYX +0.01 points	0.29%	0.30%
Analog Devices IncADI	SPYX +0.01 points	0.32%	0.33%
Citigroup IncC	SPYX +0.01 points	0.32%	0.33%
Gilead Sciences IncGILD	SPYX +0.01 points	0.31%	0.32%
Amphenol Corp Class AAPH	SPYX +0.01 points	0.30%	0.31%
Salesforce IncCRM	SPYX +0.01 points	0.28%	0.29%
Walt Disney Co/TheDIS	SPYX +0.01 points	0.29%	0.30%
Union Pacific CorpUNP	SPYX +0.01 points	0.27%	0.28%
Marvell Technology IncMRVL	SPYX +0.01 points	0.29%	0.30%
Nextera Energy IncNEE	SPYX +0.01 points	0.26%	0.27%
Pfizer IncPFE	SPYX +0.01 points	0.26%	0.27%
Pepsico IncPEP	SPYX +0.01 points	0.27%	0.28%
Abbott LaboratoriesABT	SPYX +0.01 points	0.27%	0.28%
McDonald’s CorpMCD	SPYX +0.01 points	0.27%	0.28%
Verizon Communications IncVZ	SPYX +0.01 points	0.27%	0.28%
Intuitive Surgical IncISRG	SPYX +0.01 points	0.24%	0.25%
Seagate Technology HoldingsSTX	SPYX +0.01 points	0.24%	0.25%
Deere & CoDE	SPYX +0.01 points	0.25%	0.26%
Tjx Companies IncTJX	SPYX +0.01 points	0.23%	0.24%
American Express CoAXP	SPYX +0.01 points	0.26%	0.27%
BlackRock IncBLK	SPYX +0.01 points	0.25%	0.26%
Welltower IncWELL	SPYX +0.01 points	0.25%	0.26%
Eaton Corp PLCETN	SPYX +0.01 points	0.23%	0.24%
Accenture PLC Class AACN	SPYX +0.01 points	0.23%	0.24%
Danaher CorpDHR	SPYX +0.01 points	0.22%	0.23%
Lockheed Martin CorpLMT	Same weight	0.20%	0.20%
Schwab (Charles) CorpSCHW	SPYX +0.01 points	0.22%	0.23%
At+t IncT	Same weight	0.22%	0.22%
Bristol Myers Squibb CoBMY	SPYX +0.01 points	0.19%	0.20%
Dell Technologies CDELL	Same weight	0.22%	0.22%
Western Digital CorpWDC	SPYX +0.01 points	0.21%	0.22%
S+p Global IncSPGI	SPYX +0.01 points	0.21%	0.22%
Altria Group IncMO	SPYX +0.01 points	0.19%	0.20%
Starbucks CorpSBUX	SPYX +0.01 points	0.18%	0.19%
Vertex Pharmaceuticals IncVRTX	Same weight	0.21%	0.21%
Progressive CorpPGR	SPYX +0.01 points	0.20%	0.21%
Southern Co/TheSO	SPYX +0.01 points	0.16%	0.17%
Uber Technologies IncUBER	SPYX +0.01 points	0.20%	0.21%
Boeing Co/TheBA	Same weight	0.21%	0.21%
Capital One Financial CorpCOF	SPYX +0.01 points	0.19%	0.20%
Chubb LtdCB	SPYX +0.01 points	0.19%	0.20%
Prologis IncPLD	SPYX +0.01 points	0.18%	0.19%
Lowe’s Cos IncLOW	SPYX +0.01 points	0.17%	0.18%
Parker Hannifin CorpPH	Same weight	0.18%	0.18%
Marathon Petroleum CorpMPC	SPYX +0.01 points	0.18%	0.19%
Newmont CorpNEM	Same weight	0.18%	0.18%
Cvs Health CorpCVS	SPYX +0.01 points	0.17%	0.18%
Emerson Electric CoEMR	SPYX +0.01 points	0.14%	0.15%
Mckesson CorpMCK	SPYX +0.01 points	0.17%	0.18%
Booking Holdings IncBKNG	SPYX +0.01 points	0.17%	0.18%

All 505 SPYM holdings⁠All 487 SPYX 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.

SPYM vs SPYX Cost

Overpaying SPYX vs SPYM

$3,729

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

SPYM 0.02%
$426
SPYX 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

SPYM 0.02%
SPYX 0.20%
Overpaying

Year by year

Year	SPYM	SPYX	Overpaying
10	$37	$365	$328
20	$144	$1,421	$1,277
30	$426	$4,155	$3,729

Expense ratio

0.02%SPYM, cheaper
0.20%SPYX

SPYM0.02%SPYX0.20%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

SPYX 12th cheapest of 14 funds

SPYM vs SPYX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYM 1.02%, better; SPYX 0.86%
Payout (12M): SPYM $0.91; SPYX $0.53
Last payment: SPYM $0.24; SPYX $0.13
Ex-dividend: SPYM Sep 11, 2026; SPYX Sep 21, 2026
Paid on: SPYM Sep 15, 2026; SPYX Sep 23, 2026
Frequency: SPYM Quarterly; SPYX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

SPYXQuarterly · 39 paymentsAll SPYX payments⁠

SPYM vs SPYX Risk

Fall from peak · 5 years

SPYM
SPYX

Risk facts

VolatilityStd dev, 3 years: SPYM 12.3%, betterSPYX 12.7%
Return per unit of riskSharpe ratio, 3 years: SPYM 1.42, betterSPYX 1.37
Worst fallMax drawdown, 5 years: SPYM −24.5%, betterSPYX −26.1%
Market sensitivityBeta, 5 years: SPYM 1.01SPYX 1.01; Market = 1

SPYM and SPYX in the news

All news⁠

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Updated Nov 2, 2026SPYM
Deep Dive
SPY vs. SPYM, VOO, and IVV: Why SPY trails cheaper S&P 500 ETFs
Oct 29, 2026SPYM
Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026SPYM
Deep Dive
SPY trailed the S&P 500 by 0.14 percentage points over the past year, more than triple the gap at cheaper rivals
Oct 13, 2026SPYM
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026SPYM
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026SPYM

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