SPY vs TDVG
SPY vs TDVG
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Dividend Growth ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TDVG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.50% | |
| AUM | $789.1B | $1.4B | |
| Dividend Yield | 1.01% | 0.99% | |
| Holdings | 505 | 92 | |
| YTD Return | +13.10% | +12.37% | |
| 1Y Return | +22.80% | +20.17% | |
| 3Y Return (annualized) | +20.98% | +15.58% | |
| 5Y Return (annualized) | +13.20% | +10.20% | |
| Volatility (annualized) | 15.3% | 13.6% | |
| Max Drawdown | -56.5% | -19.2% | |
| Fund Family | State Street Investment Management | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Aug 4, 2020 |
SPY vs TDVG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T. Rowe Price Dividend Growth ETF (TDVG) is a ETF from T.Rowe Price. Over the past year SPY returned +22.80% while TDVG returned +20.17%. Year to date, SPY is up 13.10% versus a gain of 12.37% for TDVG.
Over three years, SPY compounded at +20.98% per year against +15.58% for TDVG; over five years the annualized figures are +13.20% and +10.20% respectively. Across the full 6-year window we track, TDVG has the edge at +13.46% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for TDVG. 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 -56.5% for SPY and -19.2% for TDVG. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while TDVG charges 0.50%. On a $10,000 position that is $9 vs $50 annually, a gap of $41 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.99% for TDVG.
Holdings Overlap
SPY and TDVG share 92 holdings out of 507 unique holdings combined, representing a 36.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TDVG | Difference |
|---|---|---|---|
| AAPL | 7.09% | 5.41% | 1.68% |
| MSFT | 4.43% | 3.86% | 0.57% |
| AVGO | 2.73% | 3.68% | 0.95% |
| JPM:US | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
See all 10 holdings SPY shares with TDVG Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPY or TDVG?
SPY has an expense ratio of 0.09% while TDVG charges 0.50%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, SPY or TDVG?
Over the past year SPY returned +22.80% vs +20.17% for TDVG, so SPY leads on 1-year performance. Over the longest common window we track (6 years), SPY annualized +8.83% vs +13.46% for TDVG. Past performance does not guarantee future results.
Which is riskier, SPY or TDVG?
SPY has been the more volatile fund at 15.3% annualized versus 13.6% for TDVG. Worst drawdown: SPY -56.5% vs TDVG -19.2%.
Should I hold both SPY and TDVG?
SPY and TDVG have a monthly-return correlation of 0.93, 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 SPY and TDVG?
SPY and TDVG share 92 common holdings with a 36.2% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPY or TDVG?
SPY yields 1.01% while TDVG yields 0.99%, so SPY currently pays the higher dividend yield.
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