SPIP vs VYM
State Street SPDR Portfolio TIPS ETF vs Vanguard High Dividend Yield ETF
Which is better, SPIP or VYM?
Inflation Protection against Large Cap Value.
VYM has a lower expense ratio. VYM 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 | VYM |
|---|---|---|
| Expense Ratio | 0.12% | 0.04%Best |
| AUM | $1.0B | $81.6B |
| Dividend Yield | 5.99% | 2.22% |
| Holdings | 50 | 613 |
| YTD Return | -1.33% | +10.23%Best |
| 1Y Return | -1.68% | +14.28%Best |
| 3Y Return (annualized) | +3.79% | +17.50%Best |
| 5Y Return (annualized) | -0.24% | +11.60%Best |
| Volatility (annualized) | 5.9%Best | 14.7% |
| Max Drawdown | -18.7%Best | -58.8% |
| $10,000 over 5 years | $9,881 | $17,311Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Value |
| Inception | May 25, 2007 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 30, 2007 to Sep 23, 2026 (19.3 years).
SPIP 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 19.3 years both funds cover.
SPIP vs VYM Performance
State Street SPDR Portfolio TIPS ETF (SPIP) is an ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPIP returned -1.68% while VYM returned +14.28%. Year to date, SPIP is down 1.33% versus a gain of 10.23% for VYM.
Over three years, SPIP compounded at +3.79% per year against +17.50% for VYM; over five years the annualized figures are -0.24% and +11.60% respectively. Across the full 19-year window we track, VYM has the edge at +6.45% annualized vs +1.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 5.9% 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 -18.7% for SPIP and -58.8% 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 0.28. They move largely independently of each other.
Fees and Cost Over Time
SPIP charges 0.12% per year while VYM charges 0.04%. On a $10,000 position that is $12 vs $4 annually, a gap of $8 per year that compounds over a long holding period. On income, SPIP currently yields 5.99% against 2.22% for VYM.
You are not choosing between two funds in isolation.
Whichever of SPIP and VYM 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 VYM?
SPIP has an expense ratio of 0.12% while VYM charges 0.04%. VYM is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, SPIP or VYM?
Over the past year SPIP returned -1.68% vs +14.28% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), SPIP annualized +1.48% vs +6.45% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPIP or VYM?
VYM has been the more volatile fund at 14.7% annualized versus 5.9% for SPIP. Worst drawdown: SPIP -18.7% vs VYM -58.8%.
Should I hold both SPIP and VYM?
SPIP and VYM have a monthly-return correlation of 0.28, 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 VYM?
SPIP yields 5.99% while VYM yields 2.22%, so SPIP currently pays the higher dividend yield.
Is VYM better than SPIP?
VYM has a lower expense ratio. VYM 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.