SPGP vs VYM
Invesco S&P 500 GARP ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | SPGP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.04% | |
| AUM | $2.3B | $81.6B | |
| Dividend Yield | 0.81% | 2.24% | |
| Holdings | 77 | 613 | |
| YTD Return | +10.10% | +14.57% | |
| 1Y Return | +12.99% | +21.08% | |
| 3Y Return (annualized) | +10.77% | +18.16% | |
| 5Y Return (annualized) | +7.44% | +12.00% | |
| Volatility (annualized) | 16.3% | 14.6% | |
| Max Drawdown | -42.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2011 | Nov 10, 2006 |
SPGP vs VYM Performance
Invesco S&P 500 GARP ETF (SPGP) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPGP returned +12.99% while VYM returned +21.08%. Year to date, SPGP is up 10.10% versus a gain of 14.57% for VYM.
Over three years, SPGP compounded at +10.77% per year against +18.16% for VYM; over five years the annualized figures are +7.44% and +12.00% respectively. Across the full 15-year window we track, SPGP has the edge at +13.39% annualized vs +6.99%. 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 14.6% 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 -42.4% for SPGP and -58.8% for VYM. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPGP charges 0.36% per year while VYM charges 0.04%. On a $10,000 position that is $36 vs $4 annually, a gap of $32 per year that compounds over a long holding period. On income, SPGP currently yields 0.81% against 2.24% for VYM.
Holdings Overlap
SPGP and VYM share 23 holdings out of 656 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPGP or VYM?
SPGP has an expense ratio of 0.36% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, SPGP or VYM?
Over the past year SPGP returned +12.99% vs +21.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (15 years), SPGP annualized +13.39% vs +6.99% for VYM. Past performance does not guarantee future results.
Which is riskier, SPGP or VYM?
SPGP has been the more volatile fund at 16.3% annualized versus 14.6% for VYM. Worst drawdown: SPGP -42.4% vs VYM -58.8%.
Should I hold both SPGP and VYM?
SPGP and VYM have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPGP and VYM?
SPGP and VYM share 23 common holdings with a 4.6% weight overlap. Combined, they hold 656 unique securities.
Which pays a higher dividend, SPGP or VYM?
SPGP yields 0.81% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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