What is the expense ratio of SPYV vs XLK?

SPYV has an expense ratio of 0.04%, while XLK has an expense ratio of 0.08%.

SPYV vs XLK

State Street SPDR Portfolio S&P 500 Value ETF vs State Street Technology 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

XLK SPDR

State Street Technology Select Sector SPDR ETF (XLK) is an exchange-traded fund issued by SPDR that provides exposure to us sector - technology securities. It charges a low expense ratio of 0.08%. The fund offers a modest dividend yield of 0.54%. Launched in 1998, the fund has a 28-year track record.

AUM: $90.3B ER: 0.08% Yield: 0.54% 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, XLK has significantly outperformed with a 46.8% return vs 22.8%. Income investors may prefer SPYV for its higher yield (1.8% vs 0.5%).

Key Metrics

Metric	SPYV	XLK
Expense Ratio	0.04%	0.08%
Dividend Yield	1.8%	0.5%
Fund Family	SPDR	SPDR
Category	US Large Cap Value	US Sector - Technology

Performance Chart

Indexed to 100 at start (5-year comparison)

SPYV +49.5%

XLK +102.2%

Performance Comparison

Period	SPYV	XLK	Difference
1 Month	+0.45%	+1.60%	-1.15%
3 Months	-0.64%	-2.80%	+2.16%
6 Months	+5.61%	+0.06%	+5.55%
YTD	+1.47%	-1.13%	+2.60%
1 Year	+22.77%	+46.81%	-24.04%
3 Years	+41.94%	+93.34%	-51.40%
5 Years	+49.47%	+102.25%	-52.78%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SPYV Fees	XLK 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	XLK
Annualized Volatility	14.4%	24.7%
Max Drawdown	-19.1%	-34.0%
Sharpe Ratio	0.32	0.51

Dividend Comparison

Metric	SPYV	XLK
Annual Dividend (per share)	$1.03	$0.77
Dividend Yield	1.78%	0.54%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

SPYV Top Holdings

Name	Weight
Apple Inc.AAPL	6.89%
Amazon.com, Inc.AMZN	3.68%
Exxon Mobil CorporationXOM	2.37%
Walmart Inc.WMT	2.02%
Costco Wholesale CorporationCOST	1.66%
Tesla, Inc.TSLA	1.33%
Chevron CorporationCVX	1.31%
Bank of America CorporationBAC	1.25%
The Procter & Gamble CompanyPG	1.22%
The Home Depot, Inc.HD	1.21%

XLK Top Holdings

Name	Weight
NVIDIA CorporationNVDA	15.30%
Apple Inc.AAPL	13.10%
Microsoft CorporationMSFT	9.49%
Broadcom Inc.AVGO	5.76%
Micron Technology, Inc.MU	3.96%
Advanced Micro Devices, Inc.AMD	3.22%
Cisco Systems, Inc.CSCO	2.74%
Lam Research CorporationLRCX	2.69%
Applied Materials, Inc.AMAT	2.63%
Palantir Technologies Inc.PLTR	2.49%

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 XLK if...

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

Choose SPYV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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