ETF Evaluator: iShares S&P 500 ex S&P 100 ETF () Follow This ETF

iShares S&P 500 ex S&P 100 ETF Overview

iShares S&P 500 ex S&P 100 ETF (XOEF) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). iShares launched the ETF in 2025.

The investment seeks to track the investment results of the S&P 500 ex-S&P 100 Select Index. The index measures the capped market capitalization weighted performance of the large capitalization U.S. equities within the S&P 500 Index excluding companies within the S&P 100 Index as determined by S&P Dow Jones Indices LLC (the “index provider” or “SPDJI”). The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

About iShares S&P 500 ex S&P 100 ETF (XOEF)

There are 4 members of the management team with an average tenure of 1.06 years: Jennifer Hsui (2025), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 Ex-S&P 100 Select TR USD index with a weighting of 100%. iShares S&P 500 ex S&P 100 ETF has 407 securities in its portfolio. The top 10 holdings constitute 11.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares S&P 500 ex S&P 100 ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares S&P 500 ex S&P 100 ETF has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.0% There is 1.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares S&P 500 ex S&P 100 ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $22 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

XOEF Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares S&P 500 ex S&P 100 ETF expense ratio is below average compared to funds in the Large Blend category. iShares S&P 500 ex S&P 100 ETF has an expense ratio of 0.20%, which is 52% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares S&P 500 ex S&P 100 ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, iShares S&P 500 ex S&P 100 ETF returned -2.1%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares S&P 500 ex S&P 100 ETF has a trailing yield of 1.06%, which is below the 1.16% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares S&P 500 ex S&P 100 ETF Grades

Year to date, the ETF has returned 15.0%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 20.2% over the past year (grade of B).

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