SPYV vs VYM
SPYV vs VYM
State Street SPDR Portfolio S&P 500 Value ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | SPYV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.04% | |
| AUM | $36.3B | $79.0B | |
| Dividend Yield | 1.72% | 2.86% | |
| Holdings | 440 | 568 | |
| YTD Return | +11.76% | +15.80% | |
| 1Y Return | +21.63% | +26.12% | |
| 3Y Return (annualized) | +14.76% | +18.25% | |
| 5Y Return (annualized) | +11.60% | +12.51% | |
| Volatility (annualized) | 25.1% | 14.6% | |
| Max Drawdown | -60.4% | -58.8% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2000 | Nov 10, 2006 |
SPYV vs VYM Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPYV returned +21.63% while VYM returned +26.12%. Year to date, SPYV is up 11.76% versus a gain of 15.80% for VYM.
Over three years, SPYV compounded at +14.76% per year against +18.25% for VYM; over five years the annualized figures are +11.60% and +12.51% respectively. Across the full 20-year window we track, SPYV has the edge at +8.64% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.1% compared with 14.6% for VYM. 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 -60.4% for SPYV and -58.8% for VYM. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYV charges 0.04% per year while VYM charges 0.04%. On a $10,000 position that is $4 vs $4 annually. On income, SPYV currently yields 1.72% against 2.86% for VYM.
Holdings Overlap
SPYV and VYM share 32 holdings out of 572 unique holdings combined, representing a 7.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPYV | Weight in VYM | Difference |
|---|---|---|---|
| CVX | 1.07% | 1.53% | 0.46% |
| CSCO | 0.72% | 1.39% | 0.67% |
| ABT | 0.57% | 0.88% | 0.31% |
| ADI | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| CB | Pro | Pro | Pro |
| HON | Pro | Pro | Pro |
| MDT:IE | Pro | Pro | Pro |
| ADP | Pro | Pro | Pro |
| AEP | Pro | Pro | Pro |
See all 10 holdings SPYV shares with VYM 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, SPYV or VYM?
SPYV has an expense ratio of 0.04% while VYM charges 0.04%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, SPYV or VYM?
Over the past year SPYV returned +21.63% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), SPYV annualized +8.64% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPYV or VYM?
SPYV has been the more volatile fund at 25.1% annualized versus 14.6% for VYM. Worst drawdown: SPYV -60.4% vs VYM -58.8%.
Should I hold both SPYV and VYM?
SPYV and VYM have a monthly-return correlation of 0.97, 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 SPYV and VYM?
SPYV and VYM share 32 common holdings with a 7.1% weight overlap. Combined, they hold 572 unique securities.
Which pays a higher dividend, SPYV or VYM?
SPYV yields 1.72% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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