SPAM vs VOO
Themes Cybersecurity ETF vs Vanguard S&P 500 ETF
Which is better, SPAM or VOO?
SPAM has been ahead.
VOO has a lower expense ratio. SPAM led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 49.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPAM | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $5M | $997.4B |
| Dividend Yield | 0.33% | 1.04% |
| Holdings | 45 | 509 |
| YTD Return | +57.21%Best | +13.21% |
| 1Y Return | +36.71%Best | +17.37% |
| 3Y Return (annualized) | - | +22.66% |
| 5Y Return (annualized) | - | +13.14% |
| Volatility (annualized) | 23.1% | 11.8%Best |
| Max Drawdown | -24.0% | -18.7%Best |
| $10,000 over 2.8 years | $19,070Best | $17,335 |
| Top 10 Weight | 49.3% | 37.6%Best |
| Fund Family | Themes ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 8, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 8, 2023 to Sep 24, 2026 (2.8 years).
SPAM vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
SPAM vs VOO Performance
Themes Cybersecurity ETF (SPAM) is an ETF from Themes ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPAM returned +36.71% while VOO returned +17.37%. Year to date, SPAM is up 57.21% versus a gain of 13.21% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPAM has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 11.8% 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 -24.0% for SPAM and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPAM charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, SPAM currently yields 0.33% against 1.04% for VOO.
Holdings Overlap
22.5% of SPAM's money is in holdings VOO also owns. 0.9% of VOO's money is in holdings SPAM also owns.
SPAM and VOO share little of their money.
5 positions in common, counted across the 36 positions we hold weights for in SPAM and 494 in VOO, against full books of 45 and 509.
What only one of them owns
Our book lists 482 positions for VOO that do not appear in our book for SPAM (98.2% of the fund), and 23 for SPAM that do not appear in VOO (60.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
22.5% of SPAM is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPAM or VOO?
SPAM has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, SPAM or VOO?
Over the past year SPAM returned +36.71% vs +17.37% for VOO, so SPAM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPAM or VOO?
SPAM has been the more volatile fund at 23.1% annualized versus 11.8% for VOO. Worst drawdown: SPAM -24.0% vs VOO -18.7%.
Should I hold both SPAM and VOO?
SPAM and VOO have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPAM and VOO?
22.5% of SPAM's money is in holdings VOO also owns. 0.9% of VOO's is in holdings SPAM also owns. They hold 5 positions in common, counted across the 36 positions we hold weights for in SPAM and 494 in VOO.
Which pays a higher dividend, SPAM or VOO?
SPAM yields 0.33% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPAM?
VOO has a lower expense ratio. SPAM led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 49.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.