SPGM vs VOO
State Street SPDR Portfolio MSCI Global Stock Market ETF vs Vanguard S&P 500 ETF
Which is better, SPGM or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. SPGM led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | SPGM | VOO |
|---|---|---|
| Expense Ratio | 0.09% | 0.03%Best |
| AUM | $1.8B | $997.4B |
| Dividend Yield | 1.76% | 1.04% |
| Holdings | 2,985 | 509 |
| YTD Return | +13.33%Best | +12.25% |
| 1Y Return | +19.45%Best | +17.03% |
| 3Y Return (annualized) | +20.94% | +21.25%Best |
| 5Y Return (annualized) | +11.39% | +13.08%Best |
| Volatility (annualized) | 13.6%Best | 14.0% |
| Max Drawdown | -34.0%Best | -34.3% |
| $10,000 over 5 years | $17,149 | $18,490Best |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 27, 2012 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2012 to Sep 17, 2026 (14.6 years).
SPGM vs VOO 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 14.6 years both funds cover.
SPGM vs VOO Performance
State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPGM returned +19.45% while VOO returned +17.03%. Year to date, SPGM is up 13.33% versus a gain of 12.25% for VOO.
Over three years, SPGM compounded at +20.94% per year against +21.25% for VOO; over five years the annualized figures are +11.39% and +13.08% respectively. Across the full 15-year window we track, VOO has the edge at +13.13% annualized vs +9.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.6% for SPGM. 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 -34.0% for SPGM and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPGM charges 0.09% per year while VOO charges 0.03%. On a $10,000 position that is $9 vs $3 annually, a gap of $6 per year that compounds over a long holding period. On income, SPGM currently yields 1.76% against 1.04% for VOO.
Holdings Overlap
At least 88.6% of VOO's money is in holdings SPGM also owns.
Stated as a floor: for SPGM, our book for it covers 94.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of VOO is already inside SPGM. Owning both mostly buys the same companies twice.
The two holdings books were reported 122 days apart, SPGM as of Mar 31, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
319 positions in common, counted across the 2,848 positions we hold weights for in SPGM and 494 in VOO, against full books of 2,985 and 509.
Top Shared Holdings
| Stock | Weight in SPGM | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.02% | 7.55% | 3.53% |
| AAPLApple, Inc | 3.67% | 7.05% | 3.38% |
| MSFTMicrosoft Corp | 2.59% | 5.36% | 2.77% |
| AMZNAmazon.Com Inc | 1.85% | 4.13% | 2.28% |
| AVGOBroadcom Inc | 1.33% | 2.86% | 1.53% |
| GOOGAlphabet Inc | 1.49% | 2.62% | 1.13% |
| METAMeta Platforms Inc | 1.20% | 1.90% | 0.70% |
| TSLATesla Inc | 1.01% | 1.36% | 0.35% |
| JPMJpmorgan Chase | 0.90% | 1.46% | 0.56% |
| LLYEli Lilly & Co. | 0.71% | 1.41% | 0.70% |
88.6% of VOO is already inside SPGM.
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, SPGM or VOO?
SPGM has an expense ratio of 0.09% while VOO charges 0.03%. VOO is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPGM or VOO?
Over the past year SPGM returned +19.45% vs +17.03% for VOO, so SPGM leads on 1-year performance. Over the longest common window we track (15 years), SPGM annualized +9.74% vs +13.13% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPGM or VOO?
VOO has been the more volatile fund at 14.0% annualized versus 13.6% for SPGM. Worst drawdown: SPGM -34.0% vs VOO -34.3%.
Should I hold both SPGM and VOO?
SPGM and VOO have a monthly-return correlation of 0.95, 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 SPGM and VOO?
At least 88.6% of VOO's money is in holdings SPGM also owns. Our book for SPGM is partial, so the real figure is this or higher. They hold 319 positions in common, counted across the 2,848 positions we hold weights for in SPGM and 494 in VOO.
Which pays a higher dividend, SPGM or VOO?
SPGM yields 1.76% while VOO yields 1.04%, so SPGM currently pays the higher dividend yield.
Is VOO better than SPGM?
VOO has a lower expense ratio. SPGM led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.