SPGP vs VTI
Invesco S&P 500 GARP ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPGP or VTI?
Each has led over a different period.
VTI has a lower expense ratio. SPGP led over the full window, VTI over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93. SPGP is less concentrated, with 19.9% of the fund in its ten largest positions against 33.3%.
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 | SPGP | VTI |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $2.2B | $666.9B |
| Dividend Yield | 0.81% | 1.03% |
| Holdings | 77 | 3,543 |
| YTD Return | +6.33% | +12.30%Best |
| 1Y Return | +7.73% | +16.08%Best |
| 3Y Return (annualized) | +10.41% | +21.01%Best |
| 5Y Return (annualized) | +7.50% | +12.36%Best |
| Volatility (annualized) | 16.3% | 14.7%Best |
| Max Drawdown | -42.4% | -35.0%Best |
| $10,000 over 5 years | $14,356 | $17,908Best |
| Top 10 Weight | 19.9%Best | 33.3% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 16, 2011 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2011 to Sep 18, 2026 (15.3 years).
SPGP vs VTI 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 15.3 years both funds cover.
SPGP vs VTI Performance
Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPGP returned +7.73% while VTI returned +16.08%. Year to date, SPGP is up 6.33% versus a gain of 12.30% for VTI.
Over three years, SPGP compounded at +10.41% per year against +21.01% for VTI; over five years the annualized figures are +7.50% and +12.36% respectively. Across the full 15-year window we track, SPGP has the edge at +13.08% annualized vs +12.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 14.7% for VTI. 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 -42.4% for SPGP and -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPGP charges 0.36% per year while VTI charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, SPGP currently yields 0.81% against 1.03% for VTI.
Holdings Overlap
99.9% of SPGP's money is in holdings VTI also owns. 25.7% of VTI's money is in holdings SPGP also owns.
Most of SPGP is already inside VTI. Owning both mostly buys the same companies twice.
75 positions in common, counted across the 76 positions we hold weights for in SPGP and 3,463 in VTI, against full books of 77 and 3,543.
What only one of them owns
Measured across the 76 and 3,463 positions we hold weights for.
VTI holds 1,075 positions SPGP does not, 71.7% of the fund.
Largest: AAPL 6.29%, AMZN 3.65%, GOOGL 2.90%, AVGO 2.56%, JPM 1.31%
Top Shared Holdings
| Stock | Weight in SPGP | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 2.35% | 6.40% | 4.05% |
| MSFTMicrosoft Corp | 1.22% | 4.79% | 3.57% |
| GOOGAlphabet Inc | 1.14% | 2.31% | 1.17% |
| METAMeta Platforms Inc | 1.53% | 1.70% | 0.17% |
| LLYEli Lilly & Co. | 1.82% | 1.35% | 0.47% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.20% | 1.28% | 0.08% |
| ANETArista Networks Inc. | 2.12% | 0.27% | 1.85% |
| GEGeneral Electric Co. | 1.83% | 0.52% | 1.31% |
| PGRProgressive Corporation | 1.99% | 0.17% | 1.82% |
| EXPEExpedia Group Inc (consumer Discretionary) | 2.11% | 0.05% | 2.06% |
99.9% of SPGP is already inside VTI.
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, SPGP or VTI?
SPGP has an expense ratio of 0.36% while VTI charges 0.03%. VTI is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, SPGP or VTI?
Over the past year SPGP returned +7.73% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (15 years), SPGP annualized +13.08% vs +12.66% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPGP or VTI?
SPGP has been the more volatile fund at 16.3% annualized versus 14.7% for VTI. Worst drawdown: SPGP -42.4% vs VTI -35.0%.
Should I hold both SPGP and VTI?
SPGP and VTI have a monthly-return correlation of 0.93, 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 SPGP and VTI?
99.9% of SPGP's money is in holdings VTI also owns. 25.7% of VTI's is in holdings SPGP also owns. They hold 75 positions in common, counted across the 76 positions we hold weights for in SPGP and 3,463 in VTI.
Which pays a higher dividend, SPGP or VTI?
SPGP yields 0.81% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than SPGP?
VTI has a lower expense ratio. SPGP led over the full window, VTI over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.93. SPGP is less concentrated, with 19.9% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.