SPIP vs VOO
State Street SPDR Portfolio TIPS ETF vs Vanguard S&P 500 ETF
Which is better, SPIP or VOO?
Inflation Protection against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 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 | SPIP | VOO |
|---|---|---|
| Expense Ratio | 0.12% | 0.03%Best |
| AUM | $1.0B | $997.4B |
| Dividend Yield | 5.99% | 1.04% |
| Holdings | 50 | 509 |
| YTD Return | -1.33% | +13.31%Best |
| 1Y Return | -1.68% | +17.07%Best |
| 3Y Return (annualized) | +3.79% | +22.72%Best |
| 5Y Return (annualized) | -0.24% | +13.19%Best |
| Volatility (annualized) | 5.1%Best | 14.1% |
| Max Drawdown | -15.4%Best | -34.3% |
| $10,000 over 5 years | $9,881 | $18,580Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Blend |
| Inception | May 25, 2007 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 23, 2026 (16 years).
SPIP vs VOO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPIP vs VOO Performance
State Street SPDR Portfolio TIPS ETF (SPIP) is an ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPIP returned -1.68% while VOO returned +17.07%. Year to date, SPIP is down 1.33% versus a gain of 13.31% for VOO.
Over three years, SPIP compounded at +3.79% per year against +22.72% for VOO; over five years the annualized figures are -0.24% and +13.19% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +1.15%.
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 5.1% for SPIP. 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 -15.4% for SPIP and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPIP charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, SPIP currently yields 5.99% against 1.04% for VOO.
You are not choosing between two funds in isolation.
Whichever of SPIP and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPIP or VOO?
SPIP has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, SPIP or VOO?
Over the past year SPIP returned -1.68% vs +17.07% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPIP annualized +1.15% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPIP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.1% for SPIP. Worst drawdown: SPIP -15.4% vs VOO -34.3%.
Should I hold both SPIP and VOO?
SPIP and VOO have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPIP or VOO?
SPIP yields 5.99% while VOO yields 1.04%, so SPIP currently pays the higher dividend yield.
Is VOO better than SPIP?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.