SPAM vs VOO
Themes Cybersecurity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPAM delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SPAM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $6M | $997.4B | |
| Dividend Yield | 0.37% | 1.08% | |
| Holdings | 45 | 509 | |
| YTD Return | +54.86% | +14.27% | |
| 1Y Return | +49.78% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 24.1% | 14.2% | |
| Max Drawdown | -24.0% | -34.3% | |
| Fund Family | Themes ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 8, 2023 | Sep 7, 2010 |
SPAM vs VOO Performance
Themes Cybersecurity ETF (SPAM) is a ETF from Themes ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPAM returned +49.78% while VOO returned +21.79%. Year to date, SPAM is up 54.86% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
SPAM has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 14.2% 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 -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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.37% against 1.08% for VOO.
Holdings Overlap
SPAM and VOO share 5 holdings out of 537 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, SPAM or VOO?
Over the past year SPAM returned +49.78% vs +21.79% for VOO, so SPAM leads on 1-year performance. Over the longest common window we track (3 years), SPAM annualized +26.44% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, SPAM or VOO?
SPAM has been the more volatile fund at 24.1% annualized versus 14.2% for VOO. Worst drawdown: SPAM -24.0% vs VOO -34.3%.
Should I hold both SPAM and VOO?
SPAM and VOO have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPAM and VOO?
SPAM and VOO share 5 common holdings with a 0.9% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, SPAM or VOO?
SPAM yields 0.37% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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