SPMD vs VTI
State Street SPDR Portfolio S&P 400 Mid Cap ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPMD or VTI?
Mid Cap Blend against Large Cap Blend.
VTI led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPMD is less concentrated, with 7.8% of the fund in its ten largest positions against 33.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $18.4B | $666.9B |
| Dividend Yield | 1.23% | 1.03% |
| Holdings | 404 | 3,543 |
| YTD Return | +9.97% | +12.30%Best |
| 1Y Return | +11.80% | +16.08%Best |
| 3Y Return (annualized) | +14.08% | +21.01%Best |
| 5Y Return (annualized) | +8.30% | +12.36%Best |
| Volatility (annualized) | 18.6% | 15.5%Best |
| Max Drawdown | -60.5% | -56.6%Best |
| $10,000 over 5 years | $14,898 | $17,908Best |
| Top 10 Weight | 7.8%Best | 33.3% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2005 to Sep 18, 2026 (20.8 years).
SPMD vs VTI 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 20.8 years both funds cover.
SPMD vs VTI Performance
State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an ETF from State Street Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPMD returned +11.80% while VTI returned +16.08%. Year to date, SPMD is up 9.97% versus a gain of 12.30% for VTI.
Over three years, SPMD compounded at +14.08% per year against +21.01% for VTI; over five years the annualized figures are +8.30% and +12.36% respectively. Across the full 21-year window we track, VTI has the edge at +9.54% annualized vs +7.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMD has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.5% for VTI. 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 -60.5% for SPMD and -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPMD charges 0.03% per year while VTI charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPMD currently yields 1.23% against 1.03% for VTI.
Holdings Overlap
98.2% of SPMD's money is in holdings VTI also owns. 4.9% of VTI's money is in holdings SPMD also owns.
Most of SPMD is already inside VTI. Owning both mostly buys the same companies twice.
392 positions in common, counted across the 401 positions we hold weights for in SPMD and 3,463 in VTI, against full books of 404 and 3,543.
What only one of them owns
Our book lists 803 positions for VTI that do not appear in our book for SPMD (92.7% of the fund), and 4 for SPMD that do not appear in VTI (0.8%).
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 VTI | Difference |
|---|---|---|---|
| TWLOTwilio Inc. Class A | 1.00% | 0.04% | 0.96% |
| ILMNIllumina, Inc. | 0.91% | 0.04% | 0.87% |
| 0RMV:LNTechnipfmc Plc Ordinary Shares | 0.87% | 0.04% | 0.83% |
| PSTGPure Storage Inc. Class A | 0.82% | 0.03% | 0.79% |
| OKTAOkta Inc. | 0.81% | 0.03% | 0.78% |
| ATIAti Inc | 0.78% | 0.04% | 0.74% |
| NVT:IENvent Electric Plc Ordinary Shares | 0.68% | 0.03% | 0.65% |
| CRSCarpenter Technology Corpcommon Stock | 0.66% | 0.03% | 0.63% |
| USFDUS Foods Holding Corp | 0.65% | 0.03% | 0.62% |
| THCTenet Healthcare Corp Common Stock Usd 0.05 | 0.64% | 0.03% | 0.61% |
98.2% of SPMD is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPMD or VTI?
SPMD has an expense ratio of 0.03% while VTI charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, SPMD or VTI?
Over the past year SPMD returned +11.80% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (21 years), SPMD annualized +7.08% vs +9.54% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPMD or VTI?
SPMD has been the more volatile fund at 18.6% annualized versus 15.5% for VTI. Worst drawdown: SPMD -60.5% vs VTI -56.6%.
Should I hold both SPMD and VTI?
SPMD and VTI have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPMD and VTI?
98.2% of SPMD's money is in holdings VTI also owns. 4.9% of VTI's is in holdings SPMD also owns. They hold 392 positions in common, counted across the 401 positions we hold weights for in SPMD and 3,463 in VTI.
Which pays a higher dividend, SPMD or VTI?
SPMD yields 1.23% while VTI yields 1.03%, so SPMD currently pays the higher dividend yield.
Is VTI better than SPMD?
VTI led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPMD is less concentrated, with 7.8% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.