SPSM vs VOO
SPSM vs VOO
State Street SPDR Portfolio S&P 600 Small Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
SPSM delivered stronger 1-year returns. SPSM offers more diversification with 607 holdings.
Side-by-Side Comparison
| Metric | SPSM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $17.0B | $979.0B | |
| Dividend Yield | 1.36% | 1.09% | |
| Holdings | 611 | 509 | |
| YTD Return | +24.50% | +13.53% | |
| 1Y Return | +38.20% | +23.65% | |
| 3Y Return (annualized) | +14.78% | +21.27% | |
| 5Y Return (annualized) | +8.37% | +13.52% | |
| Volatility (annualized) | 19.5% | 14.1% | |
| Max Drawdown | -44.4% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2013 | Sep 7, 2010 |
SPSM vs VOO Performance
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 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 SPSM returned +38.20% while VOO returned +23.65%. Year to date, SPSM is up 24.50% versus a gain of 13.53% for VOO.
Over three years, SPSM compounded at +14.78% per year against +21.27% for VOO; over five years the annualized figures are +8.37% and +13.52% respectively. Across the full 13-year window we track, VOO has the edge at +13.57% annualized vs +9.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPSM has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -44.4% for SPSM 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPSM charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPSM currently yields 1.36% against 1.09% for VOO.
Holdings Overlap
SPSM and VOO share 1 holdings out of 1111 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPSM | Weight in VOO | Difference |
|---|---|---|---|
| VICI | 0.03% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, SPSM or VOO?
SPSM 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, SPSM or VOO?
Over the past year SPSM returned +38.20% vs +23.65% for VOO, so SPSM leads on 1-year performance. Over the longest common window we track (13 years), SPSM annualized +9.24% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, SPSM or VOO?
SPSM has been the more volatile fund at 19.5% annualized versus 14.1% for VOO. Worst drawdown: SPSM -44.4% vs VOO -34.3%.
Should I hold both SPSM and VOO?
SPSM and VOO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPSM and VOO?
SPSM and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1111 unique securities.
Which pays a higher dividend, SPSM or VOO?
SPSM yields 1.36% while VOO yields 1.09%, so SPSM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.