ETF Versus

SPYV vs XLF

State Street SPDR Portfolio S&P 500 Value ETF vs State Street Financial Select Sector SPDR ETF

Last updated: 2026-04-10

SPYV SPDR

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.78%. Launched in 2000, the fund has a 26-year track record.

AUM: $32.5B ER: 0.04% Yield: 1.78% Since: Sep 25, 2000
XLF SPDR

State Street Financial Select Sector SPDR ETF (XLF) is an exchange-traded fund issued by SPDR that provides exposure to us sector - financials securities. It charges a low expense ratio of 0.08%. The fund offers a moderate dividend yield of 1.56%. Launched in 1998, the fund has a 28-year track record.

AUM: $50.3B ER: 0.08% Yield: 1.56% Since: Dec 16, 1998

Quick Verdict

SPYV has a slightly lower expense ratio (0.04% vs 0.08%), saving about $80 per $10,000 over 10 years. Over the past year, SPYV has significantly outperformed with a 22.8% return vs 10.4%.

Key Metrics

Metric SPYV XLF
Expense Ratio 0.04% 0.08%
Dividend Yield 1.8% 1.6%
Fund Family SPDR SPDR
Category US Large Cap Value US Sector - Financials

Performance Chart

Indexed to 100 at start (5-year comparison)

85 100 115 130 145 160 2021-04 2022-07 2023-10 2025-01 2026-04
SPYV +49.5%
XLF +43.5%

Performance Comparison

Period SPYV XLF Difference
1 Month +0.45% +2.07% -1.62%
3 Months -0.64% -8.36% +7.72%
6 Months +5.61% -3.78% +9.39%
YTD +1.47% -7.76% +9.23%
1 Year +22.77% +10.37% +12.40%
3 Years +41.94% +56.68% -14.74%
5 Years +49.47% +43.54% +5.93%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPYV Fees XLF Fees You Save
$10,000 10 years $80 $159 $80
$10,000 20 years $344 $686 $342
$10,000 30 years $1,112 $2,212 $1,100
$50,000 10 years $399 $797 $398
$50,000 30 years $5,560 $11,061 $5,501
$100,000 30 years $11,121 $22,123 $11,002

Risk Metrics

Based on 5 years of daily returns

Metric SPYV XLF
Annualized Volatility 14.4% 18.7%
Max Drawdown -19.1% -26.9%
Sharpe Ratio 0.32 0.24

Dividend Comparison

Metric SPYV XLF
Annual Dividend (per share) $1.03 $0.79
Dividend Yield 1.78% 1.56%
Distribution Frequency Quarterly Quarterly

Top Holdings

1 of top 10 holdings overlap (10% overlap in top holdings)

SPYV Top Holdings

NameWeight
Apple Inc.AAPL6.89%
Amazon.com, Inc.AMZN3.68%
Exxon Mobil CorporationXOM2.37%
Walmart Inc.WMT2.02%
Costco Wholesale CorporationCOST1.66%
Tesla, Inc.TSLA1.33%
Chevron CorporationCVX1.31%
Bank of America CorporationBAC1.25%
The Procter & Gamble CompanyPG1.22%
The Home Depot, Inc.HD1.21%

XLF Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B12.15%
JPMorgan Chase & Co.JPM11.42%
Visa Inc.V7.08%
Mastercard IncorporatedMA5.60%
Bank of America CorporationBAC4.77%
The Goldman Sachs Group, Inc.GS3.70%
Wells Fargo & CompanyWFC3.63%
Citigroup Inc.C2.98%
Morgan StanleyMS2.93%
American Express CompanyAXP2.32%

Which One Should You Choose?

Choose SPYV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SPYV if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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