At a glance
SPYX charges 0.2% a year, above the 0.11% average of the 8 funds most like it (the 8th cheapest of 9). It has $2.74B in assets, the 7th largest of that group; it paid 0.84% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +12.6% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +24.8% a year. At its worst it fell 26.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 37.7% of the fund, out of 488 in all.
The short version
SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is a State Street index fund. It holds the S&P 500 minus companies that own oil, gas or coal reserves, which left 488 stocks as of July 31, 2026. Its 0.20% expense ratio is close to double the 0.11% average of similar funds. VOO and IVV charge 0.03% and hold about 96% of the same stocks, so the extra cost pays for the fossil fuel screen.
Price history
The interactive chart needs JavaScript.
SPYX +12.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SPYX official prospectus, to Dec 31, 2025 | — | +17.85% | — | +14.00% | +14.77% | — |
| SPYX price data to Oct 27, 2026 | +12.9% | +12.6% | +24.8% | +12.3% | — | +16.7% |
- Over the year to Oct 27, 2026, SPYX returned +12.6%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +12.3%.
- Its worst full calendar year was 2022 (-19.6%); its best was 2021 (+28.1%).
- The deepest fall in its price history was 26.1% (Dec 29, 2021 to Oct 12, 2022), recovered by Dec 14, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.9% | — |
| 2025 | +17.9% | +17.85% |
| 2024 | +25.5% | +25.18% |
| 2023 | +26.4% | +27.35% |
| 2022 | -19.6% | -20.00% |
| 2021 | +28.1% | +28.09% |
| 2020 | — | +19.57% |
| 2019 | — | +32.14% |
| 2018 | — | -4.34% |
| 2017 | — | +22.88% |
| 2016 | — | +10.92% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 26.1% over that stretch · deepest drop along the way 26.1%, back to its old high 14 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4000 | |
| 2025 | $0.5100 | 0.0% |
| 2024 | $0.5100 | +6.3% |
| 2023 | $0.4800 | +9.1% |
| 2022 | $0.4400 | +8.2% |
| 2021 | $0.4067 |
What's inside
As of Jun 30, 2026, the fund held 488 securities; the ten largest made up 37.67% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 7.78% | |
| Apple Inc | 6.82% | |
| Microsoft Corp | 4.45% | |
| Amazon.com Inc | 3.74% | |
| Alphabet Inc | 3.36% | |
| Broadcom Inc | 2.87% | |
| Alphabet Inc | 2.68% | |
| Micron Technology Inc | 2.09% | |
| Meta Platforms Inc | 1.98% | |
| Tesla Inc | 1.90% | |
| Eli Lilly & Co | 1.52% | |
| Advanced Micro Devices Inc | 1.52% | |
| Berkshire Hathaway Inc | 1.47% | |
| JPMorgan Chase & Co | 1.41% | |
| Intel Corp | 1.05% |
By country
United States 96.88%Ireland 2.07%Switzerland 0.28%Bermuda 0.17%Netherlands 0.14%By asset type
Stocks 99.83%By sector
Sectors of the companies held, for the 91.1% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $46.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.78%, +5.42%, -1.01%.
How it works
SPYX tracks the S&P 500 Fossil Fuel Reserves Free Index, which is run by S&P Dow Jones Indices. The index starts with the S&P 500, a list of large US companies. It then removes any company that owns proved or probable fossil fuel reserves: thermal and other non-metallurgical coal, oil, natural gas and shale gas. That includes reserves a company keeps for its own power generation. S&P Trucost decides which companies qualify, using annual reports and other public company documents. The test is whether a company owns reserves, not whether it does any energy business. So energy stocks still made up 0.8% of the fund as of June 30, 2026.
The remaining stocks are weighted by float-adjusted market value. That means companies with more shares available to trade, by market value, get bigger slices. As of June 30, 2026, the largest positions were NVIDIA (7.8%), Apple (6.8%), Microsoft (4.4%) and Amazon (3.7%), and the top 10 positions held 37.7% of the fund. The index is rebalanced every quarter, after the third Friday of March, June, September and December. Reserve data are updated at each rebalance.
State Street's adviser, SSGA Funds Management, may use sampling, meaning it can hold only part of the index rather than every stock. It must keep at least 80% of assets in the index's stocks. It may also use stock index futures to handle cash coming in and out. Portfolio turnover was 3%.
What it really costs
- SPYX charges 0.2% a year, versus an average of 0.11% for the similar funds below (8th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $20 in the first year and $255 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SPYX | $20 | $64 | $113 | $255 |
In a retirement portfolio
It shares 97% of its holdings with SPY, so it can serve as a broad US stock core for investors who want to leave out companies that own fossil fuel reserves.
SPYX moves roughly in step with the US stock market. Its beta, a measure of how closely a fund follows the market, was 1.02 for the year through October 27, 2026. The fund launched in 2015, so it has no 2008 record. Its worst quarter was the first quarter of 2020, when it lost 18.79% in the COVID crash. In the 2022 bear market it fell 26.1% and took about 14 months, until December 2023, to recover. 2022 was also its worst calendar year, at -20.00%. Anyone who had to sell shares during that stretch would have sold at a loss, so holding cash or bonds elsewhere can help.
The fund pays little income. Its trailing 12-month yield was 0.84% as of October 27, 2026, paid quarterly. In the SEC's standard example, costs on $10,000 add up to $255 over 10 years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want broad S&P 500 exposure without companies that own oil, gas or coal reserves, as screened by S&P Trucost.
- Long-term holders comfortable with heavy tech exposure: technology was 36% of the fund as of June 30, 2026, led by NVIDIA and Apple.
- People willing to pay 0.20% a year for the screen, which comes to $255 over 10 years on $10,000 in the SEC example.
Look elsewhere if
- Cost-focused investors: VOO and IVV charge 0.03% and hold about 96% of the same stocks as SPYX.
- Income seekers: the trailing 12-month yield was 0.84% as of October 27, 2026, paid quarterly.
- Those wanting no energy stocks at all: the screen targets reserve ownership, and 0.8% stayed in energy stocks as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SPYX this fund | — | 0.2% | $2.74B | +12.6% | +24.8% |
| SPY SPDR S&P 500 ETF Trust | 97% | 0.0945% | $781.19B | +11.5% | +21.9% |
| IVV iShares Core S&P 500 ETF | 96% | 0.03% | $888.13B | +11.5% | +22.0% |
| VOO Vanguard S&P 500 ETF | 96% | 0.03% | $1.67T | +12.4% | +23.6% |
| USPX Franklin U.S. Equity Index ETF | 94% | 0.03% | $1.98B | +12.9% | +24.9% |
| VV Vanguard Large Cap ETF | 94% | 0.04% | $73.83B | +12.0% | +23.8% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 92% | 0% | $5.47B | +13.4% | +25.4% |
| QDPL Pacer Metaurus US Large Cap Dividend Multip… | 87% | 0.6% | $1.71B | +12.6% | +22.7% |
Questions investors ask
What's the difference between SPYX and SPY?
SPY tracks the full S&P 500. SPYX tracks the same index but removes companies that own fossil fuel reserves. State Street runs both, and their holdings overlap by 97%. SPY costs 0.0945% a year and SPYX costs 0.20%. Over one year, SPYX returned 12.6% through October 27, 2026, and SPY returned 13.1% through October 29, 2026. Over three years, both averaged 24.8% a year.
Does SPYX pay dividends?
Yes. SPYX pays dividends every quarter. Over the 12 months through October 27, 2026, it paid $0.53 per share, a yield of 0.84%. That is modest income, because SPYX is a broad stock index fund, not a fund built for income. Investors who want a larger, steadier payout from their holdings may want to compare it with funds designed to pay income.
Does SPYX hold any oil companies?
It leaves out companies that own proved or probable reserves of oil, natural gas, shale gas or coal, as determined by S&P Trucost. The screen looks at reserve ownership, not at every energy-related business. So some energy stocks remain: they made up 0.8% of the fund as of June 30, 2026. Reserve data are updated at each quarterly rebalance.
What is SPYX's average return over 10 years?
SPYX returned an average of 14.77% a year over the 10 years ending December 31, 2025, according to its prospectus. Over five years it averaged 14.00% a year, and in 2025 it returned 17.85%. It also had a hard year: 2022 was its worst calendar year, at -20.00%. Past returns don't predict future results.
What is the SPYX expense ratio?
The expense ratio is 0.20% a year, according to the prospectus filed October 26, 2026. In the SEC's standard $10,000 example, that comes to about $20 after one year, $113 after five and $255 after 10. Similar funds average 0.11%. SPYX ranks 8th of 9 on cost against those funds, while VOO and IVV charge 0.03%.