SPEU vs VOO
State Street SPDR Portfolio Europe ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SPEU offers more diversification with 1664 holdings.
Side-by-Side Comparison
| Metric | SPEU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $714M | $979.0B | |
| Dividend Yield | 3.44% | 1.09% | |
| Holdings | 1,737 | 509 | |
| YTD Return | +10.76% | +13.44% | |
| 1Y Return | +22.56% | +22.62% | |
| 3Y Return (annualized) | +17.82% | +21.47% | |
| 5Y Return (annualized) | +9.02% | +13.27% | |
| Volatility (annualized) | 18.1% | 14.1% | |
| Max Drawdown | -64.5% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 15, 2002 | Sep 7, 2010 |
SPEU vs VOO Performance
State Street SPDR Portfolio Europe ETF (SPEU) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPEU returned +22.56% while VOO returned +22.62%. Year to date, SPEU is up 10.76% versus a gain of 13.44% for VOO.
Over three years, SPEU compounded at +17.82% per year against +21.47% for VOO; over five years the annualized figures are +9.02% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +4.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPEU has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -64.5% for SPEU 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
SPEU charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, SPEU currently yields 3.44% against 1.09% for VOO.
Holdings Overlap
SPEU and VOO share 4 holdings out of 2165 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, SPEU or VOO?
SPEU has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, SPEU or VOO?
Over the past year SPEU returned +22.56% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPEU annualized +4.12% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, SPEU or VOO?
SPEU has been the more volatile fund at 18.1% annualized versus 14.1% for VOO. Worst drawdown: SPEU -64.5% vs VOO -34.3%.
Should I hold both SPEU and VOO?
SPEU 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 SPEU and VOO?
SPEU and VOO share 4 common holdings with a 0.1% weight overlap. Combined, they hold 2165 unique securities.
Which pays a higher dividend, SPEU or VOO?
SPEU yields 3.44% while VOO yields 1.09%, so SPEU currently pays the higher dividend yield.
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