SPGM vs VYM
State Street SPDR Portfolio MSCI Global Stock Market ETF vs Vanguard High Dividend Yield ETF
Which is better, SPGM or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPGM led over 1Y and 3Y, VYM over 5Y and the full window.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $1.8B | $81.6B |
| Dividend Yield | 1.76% | 2.22% |
| Holdings | 2,985 | 613 |
| YTD Return | +13.33%Best | +12.29% |
| 1Y Return | +19.45%Best | +16.61% |
| 3Y Return (annualized) | +20.94%Best | +17.42% |
| 5Y Return (annualized) | +11.39% | +12.12%Best |
| Volatility (annualized) | 13.6% | 13.0%Best |
| Max Drawdown | -34.0%Best | -35.7% |
| $10,000 over 5 years | $17,149 | $17,718Best |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Feb 27, 2012 | Nov 10, 2006 |
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 VYM 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 VYM Performance
State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an ETF from SPDR State Street Global Advisors and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPGM returned +19.45% while VYM returned +16.61%. Year to date, SPGM is up 13.33% versus a gain of 12.29% for VYM.
Over three years, SPGM compounded at +20.94% per year against +17.42% for VYM; over five years the annualized figures are +11.39% and +12.12% respectively. Across the full 15-year window we track, VYM has the edge at +9.90% annualized vs +9.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.0% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
SPGM charges 0.09% per year while VYM charges 0.04%. On a $10,000 position that is $9 vs $4 annually, a gap of $5 per year that compounds over a long holding period. On income, SPGM currently yields 1.76% against 2.22% for VYM.
Holdings Overlap
At least 81.2% of VYM'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 VYM 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 VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
198 positions in common, counted across the 2,848 positions we hold weights for in SPGM and 557 in VYM, against full books of 2,985 and 613.
Top Shared Holdings
| Stock | Weight in SPGM | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 1.33% | 7.35% | 6.02% |
| JPMJpmorgan Chase | 0.90% | 3.82% | 2.92% |
| XOMExxon Mobil Corp. | 0.86% | 2.63% | 1.77% |
| JNJJohnson & Johnson - Common | 0.54% | 2.51% | 1.97% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.41% | 1.86% | 1.45% |
| ABBVAbbvie Inc. | 0.40% | 1.80% | 1.40% |
| BACBank of America Corp.: Financials | 0.46% | 1.66% | 1.20% |
| CVXChevron Corp | 0.55% | 1.48% | 0.93% |
| CATCaterpillar, Inc. | 0.43% | 1.50% | 1.07% |
| HDHome Depot Inc/The | 0.40% | 1.34% | 0.94% |
81.2% of VYM 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 VYM?
SPGM has an expense ratio of 0.09% while VYM charges 0.04%. VYM is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, SPGM or VYM?
Over the past year SPGM returned +19.45% vs +16.61% for VYM, so SPGM leads on 1-year performance. Over the longest common window we track (15 years), SPGM annualized +9.74% vs +9.90% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPGM or VYM?
SPGM has been the more volatile fund at 13.6% annualized versus 13.0% for VYM. Worst drawdown: SPGM -34.0% vs VYM -35.7%.
Should I hold both SPGM and VYM?
SPGM and VYM have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPGM and VYM?
At least 81.2% of VYM's money is in holdings SPGM also owns. Our book for SPGM is partial, so the real figure is this or higher. They hold 198 positions in common, counted across the 2,848 positions we hold weights for in SPGM and 557 in VYM.
Which pays a higher dividend, SPGM or VYM?
SPGM yields 1.76% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPGM?
VYM has a lower expense ratio. SPGM led over 1Y and 3Y, VYM over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.