SPIB vs VOO
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SPIB offers more diversification with 5,195 holdings.
Side-by-Side Comparison
| Metric | SPIB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $11.7B | $997.4B | |
| Dividend Yield | 4.49% | 1.08% | |
| Holdings | 5,195 | 509 | |
| YTD Return | +0.16% | +12.63% | |
| 1Y Return | +2.31% | +20.89% | |
| 3Y Return (annualized) | +5.79% | +21.06% | |
| 5Y Return (annualized) | +1.54% | +12.62% | |
| Volatility (annualized) | 4.1% | 14.1% | |
| Max Drawdown | -14.9% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 10, 2009 | Sep 7, 2010 |
SPIB vs VOO Performance
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPIB returned +2.31% while VOO returned +20.89%. Year to date, SPIB is up 0.16% versus a gain of 12.63% for VOO.
Over three years, SPIB compounded at +5.79% per year against +21.06% for VOO; over five years the annualized figures are +1.54% and +12.62% respectively. Across the full 16-year window we track, VOO has the edge at +13.44% annualized vs +1.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.1% for SPIB. 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 -14.9% for SPIB and -34.3% for VOO. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPIB charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, SPIB currently yields 4.49% against 1.08% for VOO.
Holdings Overlap
SPIB and VOO share 1 holdings out of 541 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPIB | Weight in VOO | Difference |
|---|---|---|---|
| TMUS | 0.11% | 0.12% | 0.01% |
Frequently Asked Questions
Which is cheaper, SPIB or VOO?
SPIB has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPIB or VOO?
Over the past year SPIB returned +2.31% vs +20.89% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPIB annualized +1.53% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, SPIB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.1% for SPIB. Worst drawdown: SPIB -14.9% vs VOO -34.3%.
Should I hold both SPIB and VOO?
SPIB and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPIB and VOO?
SPIB and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, SPIB or VOO?
SPIB yields 4.49% while VOO yields 1.08%, so SPIB currently pays the higher dividend yield.
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