SPDG vs VYM
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF vs Vanguard High Dividend Yield ETF
Which is better, SPDG or VYM?
SPDG has been ahead.
VYM has a lower expense ratio. SPDG led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 42.0%.
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 | SPDG | VYM |
|---|---|---|
| Expense Ratio | 0.05% | 0.04%Best |
| AUM | $13M | $81.6B |
| Dividend Yield | 2.68% | 2.22% |
| Holdings | 277 | 613 |
| YTD Return | +13.21%Best | +11.71% |
| 1Y Return | +18.11%Best | +16.24% |
| 3Y Return (annualized) | +18.00%Best | +17.24% |
| 5Y Return (annualized) | - | +11.86% |
| Volatility (annualized) | 11.9% | 10.8%Best |
| Max Drawdown | -15.7% | -14.5%Best |
| $10,000 over 3 years | $16,359Best | $16,127 |
| Top 10 Weight | 42.0% | 26.1%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 11, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 12, 2023 to Sep 16, 2026 (3 years).
SPDG vs VYM 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 3 years both funds cover.
SPDG vs VYM Performance
State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is an ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPDG returned +18.11% while VYM returned +16.24%. Year to date, SPDG is up 13.21% versus a gain of 11.71% for VYM.
Over three years, SPDG compounded at +18.00% per year against +17.24% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDG has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 10.8% 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 -15.7% for SPDG and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPDG charges 0.05% per year while VYM charges 0.04%. On a $10,000 position that is $5 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, SPDG currently yields 2.68% against 2.22% for VYM.
Holdings Overlap
90.8% of SPDG's money is in holdings VYM also owns. 49.2% of VYM's money is in holdings SPDG also owns.
Most of SPDG is already inside VYM. Owning both mostly buys the same companies twice.
232 positions in common, counted across the 274 positions we hold weights for in SPDG and 557 in VYM, against full books of 277 and 613.
What only one of them owns
Our book lists 299 positions for VYM that do not appear in our book for SPDG (48.3% of the fund), and 42 for SPDG that do not appear in VYM (9.0%).
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.
Top Shared Holdings
| Stock | Weight in SPDG | Weight in VYM | Difference |
|---|---|---|---|
| CSCOCisco Systems Inc. - Ordinary Shares | 7.94% | 1.86% | 6.08% |
| VZVerizon Communic | 6.29% | 0.80% | 5.49% |
| IBMInternational Business Machines Corp. | 5.22% | 0.85% | 4.37% |
| TXNTexas Instrument Inc | 4.18% | 1.02% | 3.16% |
| HDHome Depot Inc/The | 3.52% | 1.34% | 2.18% |
| JNJJohnson & Johnson - Common | 1.88% | 2.51% | 0.63% |
| XOMExxon Mobil Corp. | 1.34% | 2.63% | 1.29% |
| QCOMQualcomm Inc. | 3.29% | 0.63% | 2.66% |
| ADIAnalog Devices, Inc. | 3.15% | 0.73% | 2.42% |
| CMCSAComcast Corp-class A Cmcsa | 3.12% | 0.34% | 2.78% |
90.8% of SPDG is already inside VYM.
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, SPDG or VYM?
SPDG has an expense ratio of 0.05% while VYM charges 0.04%. VYM is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPDG or VYM?
Over the past year SPDG returned +18.11% vs +16.24% for VYM, so SPDG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPDG or VYM?
SPDG has been the more volatile fund at 11.9% annualized versus 10.8% for VYM. Worst drawdown: SPDG -15.7% vs VYM -14.5%.
Should I hold both SPDG and VYM?
SPDG and VYM have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPDG and VYM?
90.8% of SPDG's money is in holdings VYM also owns. 49.2% of VYM's is in holdings SPDG also owns. They hold 232 positions in common, counted across the 274 positions we hold weights for in SPDG and 557 in VYM.
Which pays a higher dividend, SPDG or VYM?
SPDG yields 2.68% while VYM yields 2.22%, so SPDG currently pays the higher dividend yield.
Is VYM better than SPDG?
VYM has a lower expense ratio. SPDG led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.