SPDW vs VV
State Street SPDR Portfolio Developed World ex-US ETF vs Vanguard Morningstar Large-Cap ETF
Quick Verdict
SPDW delivered stronger 1-year returns. SPDW offers more diversification with 2,440 holdings.
Side-by-Side Comparison
| Metric | SPDW | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $42.3B | $52.6B | |
| Dividend Yield | 3.02% | 1.03% | |
| Holdings | 2,440 | 437 | |
| YTD Return | +16.67% | +12.78% | |
| 1Y Return | +29.03% | +20.89% | |
| 3Y Return (annualized) | +20.03% | +21.17% | |
| 5Y Return (annualized) | +9.78% | +12.35% | |
| Volatility (annualized) | 17.6% | 14.8% | |
| Max Drawdown | -62.2% | -56.0% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 20, 2007 | Jan 27, 2004 |
SPDW vs VV Performance
State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a ETF from SPDR State Street Global Advisors and Vanguard Morningstar Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year SPDW returned +29.03% while VV returned +20.89%. Year to date, SPDW is up 16.67% versus a gain of 12.78% for VV.
Over three years, SPDW compounded at +20.03% per year against +21.17% for VV; over five years the annualized figures are +9.78% and +12.35% respectively. Across the full 19-year window we track, VV has the edge at +9.46% annualized vs +3.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDW has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 14.8% for VV. 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 -62.2% for SPDW and -56.0% for VV. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPDW charges 0.03% per year while VV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPDW currently yields 3.02% against 1.03% for VV.
Holdings Overlap
SPDW and VV share 6 holdings out of 2770 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPDW or VV?
SPDW has an expense ratio of 0.03% while VV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, SPDW or VV?
Over the past year SPDW returned +29.03% vs +20.89% for VV, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), SPDW annualized +3.16% vs +9.46% for VV. Past performance does not guarantee future results.
Which is riskier, SPDW or VV?
SPDW has been the more volatile fund at 17.6% annualized versus 14.8% for VV. Worst drawdown: SPDW -62.2% vs VV -56.0%.
Should I hold both SPDW and VV?
SPDW and VV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPDW and VV?
SPDW and VV share 6 common holdings with a 0.1% weight overlap. Combined, they hold 2770 unique securities.
Which pays a higher dividend, SPDW or VV?
SPDW yields 3.02% while VV yields 1.03%, so SPDW currently pays the higher dividend yield.
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