SPMD vs VOO
SPMD vs VOO
State Street SPDR Portfolio S&P 400 Mid Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
SPMD delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPMD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $18.4B | $979.0B | |
| Dividend Yield | 1.20% | 1.09% | |
| Holdings | 403 | 509 | |
| YTD Return | +16.88% | +13.80% | |
| 1Y Return | +26.04% | +23.71% | |
| 3Y Return (annualized) | +14.77% | +21.50% | |
| 5Y Return (annualized) | +9.04% | +13.44% | |
| Volatility (annualized) | 18.6% | 14.1% | |
| Max Drawdown | -60.5% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2005 | Sep 7, 2010 |
SPMD vs VOO Performance
State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPMD returned +26.04% while VOO returned +23.71%. Year to date, SPMD is up 16.88% versus a gain of 13.80% for VOO.
Over three years, SPMD compounded at +14.77% per year against +21.50% for VOO; over five years the annualized figures are +9.04% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +7.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMD has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.5% for SPMD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPMD charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPMD currently yields 1.20% against 1.09% for VOO.
Holdings Overlap
SPMD and VOO share 1 holdings out of 906 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPMD | Weight in VOO | Difference |
|---|---|---|---|
| FLEX:SI | 0.98% | 0.09% | 0.89% |
Frequently Asked Questions
Which is cheaper, SPMD or VOO?
SPMD has an expense ratio of 0.03% while VOO charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, SPMD or VOO?
Over the past year SPMD returned +26.04% vs +23.71% for VOO, so SPMD leads on 1-year performance. Over the longest common window we track (16 years), SPMD annualized +7.44% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPMD or VOO?
SPMD has been the more volatile fund at 18.6% annualized versus 14.1% for VOO. Worst drawdown: SPMD -60.5% vs VOO -34.3%.
Should I hold both SPMD and VOO?
SPMD and VOO have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPMD and VOO?
SPMD and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 906 unique securities.
Which pays a higher dividend, SPMD or VOO?
SPMD yields 1.20% while VOO yields 1.09%, so SPMD currently pays the higher dividend yield.
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