SPGP vs VYM
Invesco S&P 500 GARP ETF vs Vanguard High Dividend Yield ETF
Which is better, SPGP or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPGP led over the full window, VYM over 1Y, 3Y and 5Y. SPGP is less concentrated, with 19.9% of the fund in its ten largest positions against 26.1%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.36% | 0.04%Best |
| AUM | $2.2B | $81.6B |
| Dividend Yield | 0.81% | 2.22% |
| Holdings | 77 | 613 |
| YTD Return | +6.33% | +10.96%Best |
| 1Y Return | +7.48% | +15.42%Best |
| 3Y Return (annualized) | +11.05% | +17.78%Best |
| 5Y Return (annualized) | +7.37% | +12.05%Best |
| Volatility (annualized) | 16.3% | 13.1%Best |
| Max Drawdown | -42.4% | -35.7%Best |
| $10,000 over 5 years | $14,270 | $17,663Best |
| Top 10 Weight | 19.9%Best | 26.1% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 16, 2011 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2011 to Sep 22, 2026 (15.3 years).
SPGP 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 15.3 years both funds cover.
SPGP vs VYM Performance
Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPGP returned +7.48% while VYM returned +15.42%. Year to date, SPGP is up 6.33% versus a gain of 10.96% for VYM.
Over three years, SPGP compounded at +11.05% per year against +17.78% for VYM; over five years the annualized figures are +7.37% and +12.05% respectively. Across the full 15-year window we track, SPGP has the edge at +13.07% annualized vs +9.91%.
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 13.1% 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 -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
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 2.22% for VYM.
Holdings Overlap
32.9% of SPGP's money is in holdings VYM also owns. 5.7% of VYM's money is in holdings SPGP also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 76 positions we hold weights for in SPGP and 557 in VYM, against full books of 77 and 613.
What only one of them owns
Measured across the 76 and 557 positions we hold weights for.
VYM holds 503 positions SPGP does not, 91.4% of the fund.
Largest: AVGO 7.35%, JPM 3.82%, XOM 2.63%, JNJ 2.51%, CSCO 1.86%
Top Shared Holdings
| Stock | Weight in SPGP | Weight in VYM | Difference |
|---|---|---|---|
| PGRProgressive Corporation | 1.99% | 0.50% | 1.49% |
| NEMNewmont Corp Common | 2.00% | 0.41% | 1.59% |
| CINFCincinnati Financial Corp. | 2.00% | 0.11% | 1.89% |
| RCLRoyal Caribbean Cruises | 1.70% | 0.32% | 1.38% |
| ALLAllstate Corp. | 1.69% | 0.27% | 1.42% |
| DISWalt Disney Co | 1.03% | 0.69% | 0.34% |
| CBChubb Ltd Common Stock Usd 24.15 | 1.13% | 0.50% | 0.63% |
| LVSLas Vegas Sands Corp. | 1.57% | 0.05% | 1.52% |
| CCLCarnival Corporation Common Stock | 1.47% | 0.14% | 1.33% |
| TRVThe Travelers Cos, Inc. | 1.27% | 0.32% | 0.95% |
32.9% of SPGP is already inside VYM.
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 VYM?
SPGP has an expense ratio of 0.36% while VYM charges 0.04%. VYM is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, SPGP or VYM?
Over the past year SPGP returned +7.48% vs +15.42% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (15 years), SPGP annualized +13.07% vs +9.91% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPGP or VYM?
SPGP has been the more volatile fund at 16.3% annualized versus 13.1% for VYM. Worst drawdown: SPGP -42.4% vs VYM -35.7%.
Should I hold both SPGP and VYM?
SPGP 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 SPGP and VYM?
32.9% of SPGP's money is in holdings VYM also owns. 5.7% of VYM's is in holdings SPGP also owns. They hold 25 positions in common, counted across the 76 positions we hold weights for in SPGP and 557 in VYM.
Which pays a higher dividend, SPGP or VYM?
SPGP yields 0.81% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPGP?
VYM has a lower expense ratio. SPGP led over the full window, VYM over 1Y, 3Y and 5Y. SPGP is less concentrated, with 19.9% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.