SPDV vs VOO
AAM S&P 500 High Dividend Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPDV delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SPDV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $106M | $997.4B | |
| Dividend Yield | 3.23% | 1.08% | |
| Holdings | 52 | 509 | |
| YTD Return | +21.09% | +12.13% | |
| 1Y Return | +25.12% | +20.36% | |
| 3Y Return (annualized) | +18.06% | +20.90% | |
| 5Y Return (annualized) | +10.65% | +12.59% | |
| Volatility (annualized) | 18.3% | 14.1% | |
| Max Drawdown | -45.4% | -34.3% | |
| Fund Family | Advisors Asset Management, Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2017 | Sep 7, 2010 |
SPDV vs VOO Performance
AAM S&P 500 High Dividend Value ETF (SPDV) is a ETF from Advisors Asset Management, Inc. and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPDV returned +25.12% while VOO returned +20.36%. Year to date, SPDV is up 21.09% versus a gain of 12.13% for VOO.
Over three years, SPDV compounded at +18.06% per year against +20.90% for VOO; over five years the annualized figures are +10.65% and +12.59% respectively. Across the full 9-year window we track, VOO has the edge at +13.41% annualized vs +8.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDV has been the more volatile fund, with annualized monthly volatility of 18.3% 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 -45.4% for SPDV 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPDV charges 0.29% per year while VOO charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, SPDV currently yields 3.23% against 1.08% for VOO.
Holdings Overlap
SPDV and VOO share 53 holdings out of 507 unique holdings combined, representing a 4.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPDV or VOO?
SPDV has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, SPDV or VOO?
Over the past year SPDV returned +25.12% vs +20.36% for VOO, so SPDV leads on 1-year performance. Over the longest common window we track (9 years), SPDV annualized +8.34% vs +13.41% for VOO. Past performance does not guarantee future results.
Which is riskier, SPDV or VOO?
SPDV has been the more volatile fund at 18.3% annualized versus 14.1% for VOO. Worst drawdown: SPDV -45.4% vs VOO -34.3%.
Should I hold both SPDV and VOO?
SPDV and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPDV and VOO?
SPDV and VOO share 53 common holdings with a 4.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPDV or VOO?
SPDV yields 3.23% while VOO yields 1.08%, so SPDV currently pays the higher dividend yield.
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