SPDR vs Invesco: ETF issuers compared

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SPDR vs Invesco: ETF issuers compared | ETF Tracker

Thematic: Invesco wins, 55% to 50% of funds made money

Every dot is one thematic fund, placed at its 1-year return. Right of the line = made money. The ringed dot is the middle fund.

BOX SCORE · THEMATIC	SPDR	Invesco
Funds in the category	4	11
Made money (W–L)	2–2	6–5
Win %	50%	55%
Money made	$351M	$1.6B
Typical return	+9.2%	+2.4%
Launches · 2026	0	0
Assets	$9.3B	$17.9B
Fee per $100	$0.37	$0.53

The biggest thematic funds on each side

SPDR

Fund	Name	Assets	1Y
XAR	State Street SPDR S&P Aerospace & Defense ETF	$5.3B	−5.9% ✕
XSD	State Street SPDR S&P Semiconductor ETF	$2.6B	+38.0% ✓
GII	State Street SPDR S&P Global Infrastructure ETF	$948M	+9.2% ✓
GXC	State Street SPDR S&P China ETF	$426M	−20.6% ✕

Invesco

Fund	Name	Assets	1Y
PPA	Invesco Aerospace & Defense ETF	$7.7B	+2.4% ✓
SOXQ	Invesco PHLX Semiconductor ETF	$3.0B	+60.6% ✓
PSI	Invesco Semiconductors ETF	$2.5B	+66.7% ✓
CQQQ	Invesco China Technology ETF	$1.9B	−31.7% ✕
IGPT	Invesco AI and Next Gen Software ETF	$1.4B	+48.8% ✓
TAN	Invesco Solar ETF	$893M	−15.0% ✕

Twin funds: SPDR is cheaper in 28 of 32. Invesco returned more in 19.

Pairs that hold the same market. Fee = per $100 a year. Returns within 0.1 points are a tie; 5-year returns are per year.

CHEAPER28 – 40 tieBETTER 1Y11 – 190 tieBETTER 5Y9 – 172 tie

Low-cost core · 2

SPY$0.09+13.2%+12.6%S&P 500+13.0%+14.5%$0.11QVML
QNDX$0.10——Nasdaq-100+14.4%+13.6%$0.15QQQM

US stocks · 8

MDY$0.23+14.1%+7.2%S&P 400 mid caps+10.2%+2.2%$0.34XMMO
SPMD$0.03+14.5%+7.4%Mid caps+10.0%+13.5%$0.30XMHQ
SPSM$0.03+19.5%+6.3%Small caps+9.1%+23.0%$0.39RWJ
SLYV$0.15+20.9%+6.8%Small-cap value+7.0%+23.8%$0.36XSVM
ONEY$0.20+22.1%+10.0%Russell 1000+9.0%+18.3%$0.29OMFL
MDYV$0.15+14.6%+8.1%Mid-cap value+11.5%+26.2%$0.37XMVM
MMTM$0.12+3.2%+10.5%Momentum+9.2%+12.9%$0.35XSMO
VLU$0.12+22.0%+12.6%Large value+13.8%+25.4%$0.55PWV

International · 2

SPEM$0.07+5.3%+5.4%Emerging markets+9.3%+12.2%$0.47PXH
EFAX$0.20+9.9%+7.9%Developed markets+13.6%+14.7%$0.25IDMO

Bonds & cash · 8

SPHY$0.05+1.6%+3.9%High-yield bonds+4.2%+1.2%$0.35PGHY
SRLN$0.70+4.0%+4.8%Senior Loan+5.4%+3.6%$0.67BKLN
SPTS$0.03+1.9%+2.1%Short Term Treasury+3.6%+3.3%$0.08TBLL
TFI$0.23−0.7%−0.3%Muni bonds−0.9%−3.2%$0.28PZA
JNK$0.40+1.7%+3.3%High Yield Bond——$0.39GTOQ
FLRN$0.15+4.3%+4.5%

Sectors · 4

XBI$0.35+41.5%+5.1%Biotech+7.1%+42.3%$0.59PBE
XNTK$0.35+21.5%+16.9%US tech+13.7%+29.8%$0.69PTF
RWR$0.25+12.1%+2.8%US real estate+1.2%+12.5%$0.35PSR
XHS$0.35+37.6%+6.7%Health care+3.5%+33.6%$0.74PTH

All 32 twins

Sectors · 1

XES$0.35+46.3%+14.7%Oil Gas Services+22.2%+65.8%$0.77PXJ

Thematic · 3

XAR$0.35−5.9%+14.3%Aerospace Defense+17.3%+2.4%$0.58PPA
XSD$0.35+38.0%+18.4%Semiconductors+28.6%+60.6%$0.19SOXQ
GII$0.40+9.2%+9.7%Infrastructure—+37.9%$0.75PIPE

Income · 3

SDY$0.35+18.3%+8.2%Dividend stocks

Squares, left to right: fee · 1 year · 5 years, coloured by who won. Most gaps come from different index rules, not fees.

Who wins each category · share of its funds that made money · 1Y

Thematic: Invesco wins, 55% to 50% of funds made money

The biggest thematic funds on each side

SPDR

Invesco

Twin funds: SPDR is cheaper in 28 of 32. Invesco returned more in 19.

Low-cost core · 2

US stocks · 8

International · 2

Bonds & cash · 8

Sectors · 4

Sectors · 1

Thematic · 3

Income · 3

Other · 1

Tale of the tape

Thematic: Invesco wins, 55% to 50% of funds made money

The biggest thematic funds on each side

S SPDR

I Invesco

Low-cost core · 2

US stocks · 8

International · 2

Bonds & cash · 8

Sectors · 4

Sectors · 1

Thematic · 3

Income · 3

Share this matchup

Other · 1

SPDR

Invesco