NOEQvsSPYETF Comparison
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Northern Trust US Equity ETF (NOEQ) belongs to the US Multi-Factor segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. NOEQ's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, SPY's top sector exposures are Technology, Finance and Healthcare. NOEQ is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.0945% for SPY. Run a side-by-side ETF comparison of NOEQ and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NOEQ vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NOEQ SPY | -1.75%-1.01% | +2.94%+3.16% | n/a+12.32% | n/a+14.35% | n/a+87.35% | n/a+78.47% |
| Flows | NOEQ SPY | +$227K+$16.01B | +$588K+$7.31B | -+$15.19B | -+$36.37B | -+$77.79B | -+$85.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NOEQ SPY | +10.51%+10.98% | n/a+12.74% | n/a+14.94% | n/a+16.98% |
| Max drawdown | NOEQ SPY | -2.77%-3.03% | n/a-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | NOEQ SPY | 12d53d | n/a76d | n/a126d | n/a708d |
Trading data
NOEQ | SPY | |
Last sale 10/23/2026 at 1:30 PM | $29.17 | $759.97 |
| Previous close 10/22/2026 | $29.29 | $763.96 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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NOEQ
is actively managed and doesn’t replicate an indexNOEQ | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
NOEQ | SPY | |
|---|---|---|
| Last price | $29.17 | $759.97 |
| 1D performance | -0.41% | -0.52% |
| AuM | $883.80 M | $807.94 B |
| E/R | 0.12% | 0.0945% |
Characteristics
NOEQ | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 2996 | 497 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2026 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
NOEQ
USA
98.68%
Other
1.32%
SPY
USA
96.4%
Other
3.6%
Sectors
NOEQ
Technology
40.18%
Healthcare
17.57%
Industrials
9.65%
Energy
9.21%
Other
23.39%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
NOEQ
Total weight of top 15 holdings out of 15
62.85%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of August 31, 2026
NOEQ
Alphabet, Inc.
6.98%
NVIDIA Corp.
6.79%
Apple, Inc.
5.67%
Merck & Co., Inc.
5.56%
Amazon.com, Inc.
4.98%
Johnson & Johnson
4.74%
ExxonMobil Holdings Corp.
4.38%
Microsoft Corp.
4.33%
Eli Lilly & Co.
4.13%
Chevron Corp.
3.96%
The Boeing Co.
3.25%
GE Aerospace
2.34%
Broadcom Inc.
2.11%
Moody's Corp.
2.03%
Intel Corp.
1.61%
SPY
NVIDIA Corp.
8.07%
Apple, Inc.
7.03%
Microsoft Corp.
5.69%
Amazon.com, Inc.
3.84%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.65%
Alphabet, Inc.
2.39%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.56%
JPMorgan Chase & Co.
1.44%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.38%
Advanced Micro Devices, Inc.
1.16%
Johnson & Johnson
0.97%
Frequently asked questions about NOEQ and SPY
Which ETF is bigger: NOEQ or SPY?
As of October 23, 2026, NOEQ holds $883.80 M in assets under management (AUM), while SPY manages $807.94 B.
What sectors do the NOEQ and SPY ETFs invest in?
NOEQ leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the NOEQ ETF and SPY ETF?
NOEQ top holdings include Alphabet, Inc., NVIDIA Corp. and Apple, Inc.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: NOEQ or SPY?
NOEQ holds 3024 securities with 62.85% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
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Latest news about NOEQ & SPY
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
SPY
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
SPY
The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
SPY
The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
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The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
There’s an ETF for That? Box Spreads
August 27, 2026
SPY
The Weekly ETF Market Monitor (August 17-21, 2026)
August 24, 2026
SPY
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