SPMD vs VOO
State Street SPDR Portfolio S&P 400 Mid Cap ETF vs Vanguard S&P 500 ETF
Which is better, SPMD or VOO?
Mid Cap Blend against Large Cap Blend.
SPMD led over 1Y, VOO over 3Y, 5Y and the full window. SPMD is less concentrated, with 7.3% of the fund in its ten largest positions against 39.1%.
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 | SPMD | VOO |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $18.4B | $1.0T |
| Dividend Yield | 1.31% | 1.05% |
| Holdings | 806 | 519 |
| YTD Return | +12.64%Best | +12.11% |
| 1Y Return | +15.93%Best | +12.50% |
| 3Y Return (annualized) | +16.83% | +21.54%Best |
| 5Y Return (annualized) | +6.76% | +11.93%Best |
| Volatility (annualized) | 17.5% | 14.0%Best |
| Max Drawdown | -42.2% | -34.3%Best |
| $10,000 over 5 years | $13,869 | $17,568Best |
| Top 10 Weight | 7.3%Best | 39.1% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Nov 11, 2026 (16.2 years).
SPMD 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 covers the 16.2 years both funds cover.
SPMD vs VOO Performance
State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) 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 SPMD returned +15.93% while VOO returned +12.50%. Year to date, SPMD is up 12.64% versus a gain of 12.11% for VOO.
Over three years, SPMD compounded at +16.83% per year against +21.54% for VOO; over five years the annualized figures are +6.76% and +11.93% respectively. Across the full 16-year window we track, VOO has the edge at +13.24% annualized vs +9.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMD has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 14.0% for VOO. 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 -42.2% for SPMD 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPMD charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPMD currently yields 1.31% against 1.05% for VOO.
Holdings Overlap
0.3% of SPMD's money is in holdings VOO also owns. 0.1% of VOO's money is in holdings SPMD also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 402 positions we hold weights for in SPMD and 506 in VOO, against full books of 806 and 519.
What only one of them owns
Our book lists 500 positions for VOO that do not appear in our book for SPMD (99.9% of the fund), and 393 for SPMD that do not appear in VOO (96.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPMD | Weight in VOO | Difference |
|---|---|---|---|
| CTVACorteva Inc Ctva | 0.26% | 0.08% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of SPMD 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, SPMD or VOO?
SPMD has an expense ratio of 0.03% while VOO charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, SPMD or VOO?
Over the past year SPMD returned +15.93% vs +12.50% for VOO, so SPMD leads on 1-year performance. Over the longest common window we track (16 years), SPMD annualized +9.36% vs +13.24% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPMD or VOO?
SPMD has been the more volatile fund at 17.5% annualized versus 14.0% for VOO. Worst drawdown: SPMD -42.2% vs VOO -34.3%.
Should I hold both SPMD and VOO?
SPMD and VOO have a monthly-return correlation of 0.89, 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, SPMD or VOO?
SPMD yields 1.31% while VOO yields 1.05%, so SPMD currently pays the higher dividend yield.
Is VOO better than SPMD?
SPMD led over 1Y, VOO over 3Y, 5Y and the full window. SPMD is less concentrated, with 7.3% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.