SPYM vs XLK: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

38.2%by weight

Expense ratio

SPYM −0.06pt a year

SPYM0.02%XLK0.08%

Avg volume · 30D

SPYM 1.5×the volume

SPYM12.1MXLK8.32M

10Y return · a year

XLK +8.8pt

SPYM+15.7%XLK+24.5%

SPYM vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%SPYM+146.4%XLK

Expense ratio: SPYM 0.02%, better; XLK 0.08%
Fund size: SPYM $183B; XLK $123B
1Y total return: SPYM +13.7%; XLK +27.1%, better
Yield (12M): SPYM 1.00%, better; XLK 0.44%
Holdings: SPYM 508; XLK 77
Avg volume (30D): SPYM 12.1M sh, better; XLK 8.32M sh
NAV per share: SPYM $90.06; XLK $186.31
52W range

ETF.net Grade

Pillar letters and Scores for SPYM, XLK, with each pillar’s weight
Pillar	SPYM	XLK
Cost30% weight	A99	A98
Mission25% weight	A100	A76
Risk15% weight	C51	B56
Tradability15% weight	A72	A98
Holdings10% weight	B57	C41
Durability5% weight	A79	A82

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st 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

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

XLK ranks 1st of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77

Our read on each fund

ETF.net Research

SPYMAState Street SPDR Portfolio S&P 500 ETF

XLKAState Street Technology Select Sector SPDR 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.

XLK A 1998 original: XLK owns the technology slice of the S&P 500, about 70 names, for eight basis points. Big, heavily traded, and top-heavy by design, with quarterly caps the only brake on the giants at the top.

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.

XLK The fund seeks to track the price and yield performance of the Technology Select Sector Index before expenses.

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.

XLK Costs 0.08% a year against a roughly 0.40% median for broad tech funds, tying FTEC as the cheapest of the category's top-rated names and undercutting VGT's 0.09%.
One of the largest and most actively traded funds in the tech aisle, so entering or exiting rarely means fighting the order book.
Running since December 1998 and dead simple: the tech sector of the S&P 500, spanning software, semiconductors, hardware, communications equipment and IT services. Pays quarterly.ssga.com

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.

XLK Top-heavy by construction. About 70 stocks, and the index only trims its biggest weights at quarterly rebalances to stay inside fund diversification limits.spglobal.com
The universe is S&P 500 tech only. Smaller tech companies outside the big index are out, and the Select Sector funds split the S&P 500 up, so some familiar names sit in other sector funds.ssga.com
It is one sector with no ballast from the rest of the market, so a tech drawdown lands here in full.

Full SPYM profile⁠

Full XLK profile⁠

SPYM vs XLK Holdings

Holdings as of Oct 27, 2026

How SPYM and XLK differ

Overlap by weight

38.2%

Shared holdings make up 100% of XLK and 38.3% of SPYM.

Level by level

Sector11 Sectors37.7%
Holdings75 in both38.2%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in SPYM and XLK, widest gap first
Sector	More in SPYMMore in XLK	SPYM	XLK
Technology	XLK +62.3 points	37.6%	99.9%
Financials	SPYM +12.1 points	12.1%	0.0%
Health Care	SPYM +9.9 points	9.9%	0.0%
Communication	SPYM +9.2 points	9.2%	0.0%
Consumer Discretionary	SPYM +9.0 points	9.0%	0.0%
Industrials	SPYM +8.0 points	8.0%	0.0%
Consumer Staples	SPYM +5.0 points	5.0%	0.0%
Energy	SPYM +3.6 points	3.7%	0.1%
Utilities	SPYM +2.0 points	2.0%	0.0%
Real Estate	SPYM +1.8 points	1.8%	0.0%
Materials	SPYM +1.7 points	1.7%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in SPYM and XLK, widest gap first
Country	More in SPYMMore in XLK	SPYM	XLK
United States	XLK +0.7 points	97.6%	98.3%
Other countries (7)	SPYM +0.7 points	2.4%	1.7%

Concentration

Weight in the 10 largest Holdings

SPYM37.9%
XLK64.7%

Securities held

SPYM506
XLK75

Asset class

SPYM: Equity
XLK: Equity

Holdings

Only in SPYM431
In both75
Only in XLK0

Only in SPYM

431 securities, 61.7% of SPYM by weight

Amazon.com Inc3.69%
Alphabet Inc Class A2.81%
Alphabet Inc Class C2.26%
Meta Platforms Inc Class A2.10%
Tesla Inc1.67%
Eli Lilly & Co1.55%
Berkshire Hathaway Inc Class B1.54%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.15%
Visa Inc Class A Shares1.04%
Johnson & Johnson0.97%
Walmart Inc0.81%
AbbVie Inc0.77%
Mastercard Inc A0.75%
Chevron Corp0.69%
Costco Wholesale Corp0.67%
Procter & Gamble Co/The0.56%
UnitedHealth Group Inc0.56%
Coca Cola Co/The0.54%
Merck & Co. Inc.0.52%
Bank of America Corp0.50%
Home Depot Inc0.48%
Caterpillar Inc0.48%
Philip Morris International0.48%
General Electric0.45%
Rtx Corp0.40%
Netflix Inc0.40%
Goldman Sachs Group Inc0.39%
Thermo Fisher Scientific Inc0.38%
Wells Fargo & Co0.38%
Amgen Inc0.36%
Linde PLC0.35%
Ge Vernova Inc0.34%
Morgan Stanley0.33%
Citigroup Inc0.31%
Gilead Sciences Inc0.30%
Walt Disney Co/The0.29%
Pepsico Inc0.28%
Conocophillips0.27%
Abbott Laboratories0.27%
Verizon Communications Inc0.27%
McDonald’s Corp0.27%
Union Pacific Corp0.27%
Welltower Inc0.26%
Nextera Energy Inc0.26%
Pfizer Inc0.26%
American Express Co0.25%
BlackRock Inc0.25%
Deere & Co0.24%
Intuitive Surgical Inc0.24%

Only in XLK

0 securities, 0.0% of XLK by weight

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in SPYM and XLK, widest gap first
Holding	More in SPYMMore in XLK	SPYM	XLK
NVIDIA CorpNVDA	XLK +7.44 points	7.90%	15.34%
Apple IncAAPL	XLK +7.15 points	7.58%	14.73%
Microsoft CorpMSFT	XLK +5.63 points	5.98%	11.61%
Advanced Micro DevicesAMD	XLK +3.30 points	1.31%	4.61%
Micron Technology IncMU	XLK +2.43 points	1.54%	3.97%
Broadcom IncAVGO	XLK +2.23 points	2.37%	4.60%
Palantir Technologies Inc APLTR	XLK +2.03 points	0.69%	2.72%
Intel CorpINTC	XLK +1.99 points	0.68%	2.67%
Cisco Systems IncCSCO	XLK +1.92 points	0.66%	2.58%
Palo Alto Networks IncPANW	XLK +1.41 points	0.48%	1.89%
Applied Materials IncAMAT	XLK +1.36 points	0.47%	1.83%
Lam Research CorpLRCX	XLK +1.32 points	0.45%	1.77%
Texas Instruments IncTXN	XLK +1.21 points	0.41%	1.62%
Crowdstrike Holdings Inc ACRWD	XLK +1.18 points	0.40%	1.58%
Intl Business Machines CorpIBM	XLK +1.06 points	0.36%	1.42%
Oracle CorpORCL	XLK +0.96 points	0.33%	1.29%
Marvell Technology IncMRVL	XLK +0.91 points	0.31%	1.22%
Salesforce IncCRM	XLK +0.90 points	0.31%	1.21%
Analog Devices IncADI	XLK +0.88 points	0.30%	1.18%
Kla CorpKLAC	XLK +0.87 points	0.29%	1.16%
Qualcomm IncQCOM	XLK +0.85 points	0.29%	1.14%
Amphenol Corp Class AAPH	XLK +0.82 points	0.28%	1.10%
Arista Networks IncANET	XLK +0.82 points	0.28%	1.10%
Sandisk CorpSNDK	XLK +0.81 points	0.28%	1.09%
Servicenow IncNOW	XLK +0.72 points	0.25%	0.97%
Accenture PLC Class AACN	XLK +0.67 points	0.23%	0.90%
Seagate Technology HoldingsSTX	XLK +0.65 points	0.22%	0.87%
Dell Technologies CDELL	XLK +0.63 points	0.21%	0.84%
Western Digital CorpWDC	XLK +0.57 points	0.19%	0.76%
Fortinet IncFTNT	XLK +0.50 points	0.17%	0.67%
Adobe IncADBE	XLK +0.45 points	0.16%	0.61%
Corning IncGLW	XLK +0.45 points	0.15%	0.60%
Datadog Inc Class ADDOG	XLK +0.42 points	0.14%	0.56%
Intuit IncINTU	XLK +0.41 points	0.14%	0.55%
Cadence Design Sys IncCDNS	XLK +0.40 points	0.13%	0.53%
Synopsys IncSNPS	XLK +0.39 points	0.13%	0.52%
Motorola Solutions IncMSI	XLK +0.36 points	0.12%	0.48%
Hewlett Packard EnterpriseHPE	XLK +0.34 points	0.12%	0.46%
Lumentum Holdings IncLITE	XLK +0.32 points	0.11%	0.43%
Nxp Semiconductors NVNXPI	XLK +0.28 points	0.09%	0.37%
Te Connectivity PLCTEL	XLK +0.28 points	0.09%	0.37%
Monolithic Power Systems IncMPWR	XLK +0.25 points	0.09%	0.34%
Keysight Technologies InKEYS	XLK +0.25 points	0.08%	0.33%
Autodesk IncADSK	XLK +0.23 points	0.08%	0.31%
Teradyne IncTER	XLK +0.22 points	0.07%	0.29%
Ciena CorpCIEN	XLK +0.21 points	0.07%	0.28%
Roper Technologies IncROP	XLK +0.19 points	0.07%	0.26%
Everpure Inc AP	XLK +0.19 points	0.07%	0.26%
Netapp IncNTAP	XLK +0.19 points	0.07%	0.26%
Coherent CorpCOHR	XLK +0.19 points	0.07%	0.26%
Workday Inc Class AWDAY	XLK +0.19 points	0.06%	0.25%
Microchip Technology IncMCHP	XLK +0.18 points	0.06%	0.24%
Cognizant Tech Solutions ACTSH	XLK +0.14 points	0.05%	0.19%
Hp IncHPQ	XLK +0.14 points	0.05%	0.19%
Teledyne Technologies IncTDY	XLK +0.13 points	0.05%	0.18%
Jabil IncJBL	XLK +0.13 points	0.04%	0.17%
On SemiconductorON	XLK +0.13 points	0.04%	0.17%
Flex LtdFLEX	XLK +0.13 points	0.04%	0.17%
F5 IncFFIV	XLK +0.12 points	0.04%	0.16%
Verisign IncVRSN	XLK +0.11 points	0.04%	0.15%
Qnity Electronics IncQ	XLK +0.10 points	0.04%	0.14%
Twilio Inc ATWLO	XLK +0.10 points	0.06%	0.16%
Ptc IncPTC	XLK +0.10 points	0.03%	0.13%
Cdw Corp/DeCDW	XLK +0.09 points	0.03%	0.12%
Skyworks Solutions IncSWKS	XLK +0.08 points	0.03%	0.11%
Super Micro Computer IncSMCI	XLK +0.08 points	0.03%	0.11%
Zebra Technologies Corp Class AZBRA	XLK +0.08 points	0.03%	0.11%
First Solar IncFSLR	XLK +0.08 points	0.03%	0.11%
Fair Isaac CorpFICO	XLK +0.07 points	0.02%	0.09%
Trimble IncTRMB	XLK +0.07 points	0.02%	0.09%
Tyler Technologies IncTYL	XLK +0.07 points	0.02%	0.09%
Gartner IncIT	XLK +0.07 points	0.02%	0.09%
Akamai Technologies IncAKAM	XLK +0.06 points	0.02%	0.08%
Godaddy Inc Class AGDDY	XLK +0.06 points	0.02%	0.08%
Gen Digital IncGEN	XLK +0.06 points	0.02%	0.08%

All 505 SPYM holdings⁠All 75 XLK 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 XLK Cost

Overpaying XLK vs SPYM

$1,263

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

SPYM 0.02%
$426
XLK 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

SPYM 0.02%
XLK 0.08%
Overpaying

Year by year

Year	SPYM	XLK	Overpaying
10	$37	$147	$110
20	$144	$575	$431
30	$426	$1,689	$1,263

Expense ratio

0.02%SPYM, cheaper
0.08%XLK

Different Categories, so each fee sits in its own Category’s range.

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

XLK among 23 Technology (Broad) funds

XLK0.08%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

SPYM vs XLK Dividends

Last 12 months to Oct 28, 2026

Yield (12M): SPYM 1.00%, better; XLK 0.44%
Payout (12M): SPYM $0.91; XLK $0.83
Last payment: SPYM $0.24; XLK $0.22
Ex-dividend: SPYM Sep 11, 2026; XLK Sep 21, 2026
Paid on: SPYM Sep 15, 2026; XLK Sep 23, 2026
Frequency: SPYM Quarterly; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

SPYM vs XLK Risk

Fall from peak · 5 years

SPYM
XLK

Risk facts

VolatilityStd dev, 3 years: SPYM 12.4%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years: SPYM 1.37, betterXLK 1.23
Worst fallMax drawdown, 5 years: SPYM −24.5%, betterXLK −33.6%
Market sensitivityBeta, 5 years: SPYM 1.01XLK 1.35; Market = 1

SPYM and XLK in the news

All news⁠

Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
19 hours agoXLK
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026XLK
Closing Bell
Brazil ETF EWZ falls 19.8% as Lula win drives Ibovespa’s worst day since 2020
Oct 26, 2026XLK
Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026XLK
The Big Picture
The 10-year yield fell to 5%, and it was not cooler inflation
Oct 24, 2026XLK
Closing Bell
Dow drops 1.2% as Brent hits six-month high
Oct 23, 2026XLK

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