SPYD vs VOO
SPYD vs VOO
State Street SPDR Portfolio S&P 500 High Dividend ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPYD delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPYD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $7.7B | $979.0B | |
| Dividend Yield | 4.26% | 1.09% | |
| Holdings | 83 | 509 | |
| YTD Return | +16.76% | +11.51% | |
| 1Y Return | +21.74% | +21.46% | |
| 3Y Return (annualized) | +14.58% | +20.86% | |
| 5Y Return (annualized) | +9.31% | +13.01% | |
| Volatility (annualized) | 17.8% | 14.1% | |
| Max Drawdown | -47.3% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2015 | Sep 7, 2010 |
SPYD vs VOO Performance
State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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 SPYD returned +21.74% while VOO returned +21.46%. Year to date, SPYD is up 16.76% versus a gain of 11.51% for VOO.
Over three years, SPYD compounded at +14.58% per year against +20.86% for VOO; over five years the annualized figures are +9.31% and +13.01% respectively. Across the full 11-year window we track, VOO has the edge at +13.44% annualized vs +7.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYD has been the more volatile fund, with annualized monthly volatility of 17.8% 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 -47.3% for SPYD 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYD charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, SPYD currently yields 4.26% against 1.09% for VOO.
Holdings Overlap
SPYD and VOO share 75 holdings out of 509 unique holdings combined, representing a 5.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPYD | Weight in VOO | Difference |
|---|---|---|---|
| CVS | 1.49% | 0.20% | 1.29% |
| CVX | 1.20% | 0.48% | 0.72% |
| BEN | 1.61% | 0.02% | 1.59% |
| PSX | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
| VTRS | Pro | Pro | Pro |
| SPG | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| IRM | Pro | Pro | Pro |
| EOG | Pro | Pro | Pro |
See all 10 holdings SPYD shares with VOO 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, SPYD or VOO?
SPYD has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, SPYD or VOO?
Over the past year SPYD returned +21.74% vs +21.46% for VOO, so SPYD leads on 1-year performance. Over the longest common window we track (11 years), SPYD annualized +7.13% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, SPYD or VOO?
SPYD has been the more volatile fund at 17.8% annualized versus 14.1% for VOO. Worst drawdown: SPYD -47.3% vs VOO -34.3%.
Should I hold both SPYD and VOO?
SPYD and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPYD and VOO?
SPYD and VOO share 75 common holdings with a 5.4% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, SPYD or VOO?
SPYD yields 4.26% while VOO yields 1.09%, so SPYD currently pays the higher dividend yield.
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