TIM THOMAS

ETF Investment – Which ETF, SPY Vs. SPYX Is Best?

Investment strategies usually include portfolios that include asset classes that provide high yield and high dividends to its investors.

The goal of the SPDR S&P 500 Trust ETF (SPY) is to get net returns that match the S&P 500 Index. The goal of SPYX, also referred to as the SPDR S&P 500 Fossil Fuel Reserves Free ETF, is to remove the carbon footprint from the S&P 500.

SPY: SPDR S&P 500 ETF Trust

SPY or SPDR S&P 500 ETF Trust is the first index that copies the index while targeting a price of 10% of the S&P 500. Since its inception, it has been one of the most actively traded ETFs, even with the introduction of other S&P 500 ETFs.

SPYX: SPDR S&P 500 Fossil Fuel Reserves Free ETF

SPYX or SPDR S&P 500 Fossil Fuel Reserves Free ETF is a category of the S&P 500 index. Its goal is to diversify into energy-related firms.

SPY Vs. SPYX: Key Differences

SPY is considered a large fund with an AUM of $430.34 billion. On the other hand, SPYX is a small fund with an AUM of $1.36 billion.

SPY Vs. SPYX: Composition Differences

SPY has 507 holdings and allocates most of its holdings in different sectors. – Technology: 35.47% – Consumer cyclical: 14.78% – Financials: 13.45 – Healthcare: 13.14% – Industrials: 8.76% – Consumer Non-cyclical: 5.59% – Utilities: 2.53% – Energy: 2.41% – Basic Materials: 2.37% – Telecommunication: 1.32%

On the other hand, SPYX has 484 holdings. The top ten sectors that the ETF invests in are:

– Technology: 36.20% – Consumer Cyclicals: 15.10% – Financials: 13.73% – Healthcare: 13.05% – Industrials: 8.95% – Consumer Non-cyclical: 5.70% – Utilities: 2.59% – Basic Materials: 2.43% – Telecommunications: 1.34% – Energy: 0.73%

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