SPLB vs VOO
SPLB vs VOO
State Street SPDR Portfolio Long Term Corporate Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. SPLB offers more diversification with 713 holdings.
Side-by-Side Comparison
| Metric | SPLB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $1.2B | $979.0B | |
| Dividend Yield | 5.35% | 1.09% | |
| Holdings | 2,947 | 509 | |
| YTD Return | -1.95% | +13.80% | |
| 1Y Return | +0.01% | +23.71% | |
| 3Y Return (annualized) | +3.61% | +21.50% | |
| 5Y Return (annualized) | -3.18% | +13.44% | |
| Volatility (annualized) | 10.8% | 14.1% | |
| Max Drawdown | -35.2% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 10, 2009 | Sep 7, 2010 |
SPLB vs VOO Performance
State Street SPDR Portfolio Long Term Corporate Bond ETF (SPLB) 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 SPLB returned +0.01% while VOO returned +23.71%. Year to date, SPLB is down 1.95% versus a gain of 13.80% for VOO.
Over three years, SPLB compounded at +3.61% per year against +21.50% for VOO; over five years the annualized figures are -3.18% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +1.68%. 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 10.8% for SPLB. 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 -35.2% for SPLB 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPLB 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, SPLB currently yields 5.35% against 1.09% for VOO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, SPLB or VOO?
SPLB 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, SPLB or VOO?
Over the past year SPLB returned +0.01% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPLB annualized +1.68% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPLB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 10.8% for SPLB. Worst drawdown: SPLB -35.2% vs VOO -34.3%.
Should I hold both SPLB and VOO?
SPLB and VOO have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPLB and VOO?
SPLB and VOO share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1216 unique securities.
Which pays a higher dividend, SPLB or VOO?
SPLB yields 5.35% while VOO yields 1.09%, so SPLB currently pays the higher dividend yield.
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