SPY vs VOOV
SPY vs VOOV
State Street SPDR S&P 500 ETF Trust vs Vanguard S&P 500 Value ETF
Quick Verdict
VOOV has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | VOOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.07% | |
| AUM | $789.1B | $6.5B | |
| Dividend Yield | 1.01% | 2.16% | |
| Holdings | 505 | 451 | |
| YTD Return | +13.79% | +11.67% | |
| 1Y Return | +23.66% | +21.62% | |
| 3Y Return (annualized) | +21.40% | +14.98% | |
| 5Y Return (annualized) | +13.37% | +11.70% | |
| Volatility (annualized) | 15.3% | 14.3% | |
| Max Drawdown | -56.5% | -37.7% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Sep 7, 2010 |
SPY vs VOOV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Vanguard S&P 500 Value ETF (VOOV) is a ETF from Vanguard (US). Over the past year SPY returned +23.66% while VOOV returned +21.62%. Year to date, SPY is up 13.79% versus a gain of 11.67% for VOOV.
Over three years, SPY compounded at +21.40% per year against +14.98% for VOOV; over five years the annualized figures are +13.37% and +11.70% respectively. Across the full 16-year window we track, VOOV has the edge at +10.65% annualized vs +8.85%. 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 14.3% for VOOV. 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 -37.7% for VOOV. 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 VOOV charges 0.07%. On a $10,000 position that is $9 vs $7 annually, a gap of $2 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.16% for VOOV.
Holdings Overlap
SPY and VOOV share 428 holdings out of 512 unique holdings combined, representing a 58.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPY | Weight in VOOV | Difference |
|---|---|---|---|
| AAPL | 7.09% | 7.32% | 0.23% |
| AMZN | 3.69% | 3.78% | 0.09% |
| TSLA | 1.82% | 1.55% | 0.27% |
| INTC | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
See all 10 holdings SPY shares with VOOV 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 VOOV?
SPY has an expense ratio of 0.09% while VOOV charges 0.07%. VOOV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SPY or VOOV?
Over the past year SPY returned +23.66% vs +21.62% for VOOV, so SPY leads on 1-year performance. Over the longest common window we track (16 years), SPY annualized +8.85% vs +10.65% for VOOV. Past performance does not guarantee future results.
Which is riskier, SPY or VOOV?
SPY has been the more volatile fund at 15.3% annualized versus 14.3% for VOOV. Worst drawdown: SPY -56.5% vs VOOV -37.7%.
Should I hold both SPY and VOOV?
SPY and VOOV 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 VOOV?
SPY and VOOV share 428 common holdings with a 58.8% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, SPY or VOOV?
SPY yields 1.01% while VOOV yields 2.16%, so VOOV currently pays the higher dividend yield.
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