SPDW vs VXF

SPDW vs VXF

Which is better, SPDW or VXF?

Large Cap Blend against Mid Cap Blend.

SPDW has a lower expense ratio. SPDW led over 1Y, 3Y and 5Y, VXF over the full window. VXF is less concentrated, with 6.7% of the fund in its ten largest positions against 12.6%.

Lower Fees: SPDWHigher Returns: splitLess Concentrated: VXF

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

MetricSPDWVXF
Expense Ratio0.03%Best0.05%
AUM$41.1B$31.4B
Dividend Yield2.92%1.01%
Holdings2,4403,385
YTD Return+12.63%Best+11.02%
1Y Return+19.48%Best+12.22%
3Y Return (annualized)+20.88%Best+19.51%
5Y Return (annualized)+9.65%Best+6.04%
Volatility (annualized)17.5%Best19.8%
Max Drawdown-62.2%-59.4%Best
$10,000 over 5 years$15,851Best$13,408
Top 10 Weight12.6%6.7%Best
Fund FamilySPDR State Street Global AdvisorsVanguard (US)
CategoryEquityEquity
StyleLarge Cap BlendMid Cap Blend
InceptionApr 20, 2007Dec 27, 2001

Volatility and max drawdown are measured over the window both funds cover: Apr 26, 2007 to Oct 1, 2026 (19.4 years).

SPDW vs VXF 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 19.4 years both funds cover.

Compare SPDW against instead:SPDW vs SPYSPDW vs QQQSPDW vs VOOSPDW vs VTIVXF against:VXF vs VXUS

SPDW vs VXF Performance

State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an ETF from SPDR State Street Global Advisors and Vanguard Extended Market ETF (VXF) is an ETF from Vanguard (US). Over the past year SPDW returned +19.48% while VXF returned +12.22%. Year to date, SPDW is up 12.63% versus a gain of 11.02% for VXF.

Over three years, SPDW compounded at +20.88% per year against +19.51% for VXF; over five years the annualized figures are +9.65% and +6.04% respectively. Across the full 19-year window we track, VXF has the edge at +8.04% annualized vs +2.96%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VXF has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 17.5% for SPDW. 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 -59.4% for VXF. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

SPDW charges 0.03% per year while VXF charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, SPDW currently yields 2.92% against 1.01% for VXF.

Holdings Overlap

SPDW already in VXF0.1%
VXF already in SPDW0.3%

0.1% of SPDW's money is in holdings VXF also owns. 0.3% of VXF's money is in holdings SPDW also owns.

We cannot see either book well enough to say how much of this pair is duplicated.

9 positions in common, counted across the 2,395 positions we hold weights for in SPDW and 3,278 in VXF, against full books of 2,440 and 3,385.

What only one of them owns

Our book lists 1,717 positions for VXF that do not appear in our book for SPDW (92.0% of the fund), and 54 for SPDW that do not appear in VXF (6.8%).

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

StockWeight in SPDWWeight in VXFDifference
HLHecla Mining Co0.00%0.11%0.11%
AMAntero Midstream Corporationam0.02%0.09%0.07%
SIG:LNSignet Jewelers Limited Common Shares0.03%0.04%0.01%
SYMSymbotic Inc Class A0.02%0.03%0.01%
BILLBill.Com Holdings, Inc. Common Stock0.01%0.04%0.03%
SGP:AUStockland0.02%0.00%0.02%
CASHMeta Financial Group Inc0.00%0.02%0.02%
CLW:AUClearwater Paper Corporation Common Stock0.00%0.00%0.00%
LINKLink (The)0.00%0.00%0.00%

You are not choosing between two funds in isolation.

Whichever of SPDW and VXF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

SPDWVXF

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, SPDW or VXF?

SPDW has an expense ratio of 0.03% while VXF charges 0.05%. SPDW is the cheaper option, by $2 a year on a $10,000 investment.

Which performed better, SPDW or VXF?

Over the past year SPDW returned +19.48% vs +12.22% for VXF, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), SPDW annualized +2.96% vs +8.04% for VXF. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, SPDW or VXF?

VXF has been the more volatile fund at 19.8% annualized versus 17.5% for SPDW. Worst drawdown: SPDW -62.2% vs VXF -59.4%.

Should I hold both SPDW and VXF?

SPDW and VXF have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, SPDW or VXF?

SPDW yields 2.92% while VXF yields 1.01%, so SPDW currently pays the higher dividend yield.

Is VXF better than SPDW?

SPDW has a lower expense ratio. SPDW led over 1Y, 3Y and 5Y, VXF over the full window. VXF is less concentrated, with 6.7% of the fund in its ten largest positions against 12.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.