SPSM vs VOO
State Street SPDR Portfolio S&P 600 Small Cap ETF vs Vanguard S&P 500 ETF
Which is better, SPSM or VOO?
Small Cap Blend against Large Cap Blend.
SPSM led over 1Y, VOO over 3Y, 5Y and the full window. SPSM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.6%.
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 | SPSM | VOO |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $16.7B | $997.4B |
| Dividend Yield | 1.40% | 1.04% |
| Holdings | 611 | 509 |
| YTD Return | +15.90%Best | +11.01% |
| 1Y Return | +19.92%Best | +15.60% |
| 3Y Return (annualized) | +14.65% | +20.82%Best |
| 5Y Return (annualized) | +6.65% | +12.60%Best |
| Volatility (annualized) | 19.5% | 14.5%Best |
| Max Drawdown | -44.4% | -34.3%Best |
| $10,000 over 5 years | $13,798 | $18,101Best |
| Top 10 Weight | 5.3%Best | 37.6% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Jul 8, 2013 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jul 9, 2013 to Sep 16, 2026 (13.2 years).
SPSM 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 13.2 years both funds cover.
SPSM vs VOO Performance
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 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 SPSM returned +19.92% while VOO returned +15.60%. Year to date, SPSM is up 15.90% versus a gain of 11.01% for VOO.
Over three years, SPSM compounded at +14.65% per year against +20.82% for VOO; over five years the annualized figures are +6.65% and +12.60% respectively. Across the full 13-year window we track, VOO has the edge at +12.90% annualized vs +8.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPSM has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 14.5% 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 -44.4% for SPSM 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPSM charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, SPSM currently yields 1.40% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 601 holdings in SPSM and 494 in VOO, totalling 99.3% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 601 positions we hold weights for in SPSM and 494 in VOO, against full books of 611 and 509.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for SPSM (99.2% of the fund), and 589 for SPSM that do not appear in VOO (97.5%).
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.
You are not choosing between two funds in isolation.
Whichever of SPSM 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, SPSM or VOO?
SPSM 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, SPSM or VOO?
Over the past year SPSM returned +19.92% vs +15.60% for VOO, so SPSM leads on 1-year performance. Over the longest common window we track (13 years), SPSM annualized +8.56% vs +12.90% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPSM or VOO?
SPSM has been the more volatile fund at 19.5% annualized versus 14.5% for VOO. Worst drawdown: SPSM -44.4% vs VOO -34.3%.
Should I hold both SPSM and VOO?
SPSM and VOO have a monthly-return correlation of 0.83, 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, SPSM or VOO?
SPSM yields 1.40% while VOO yields 1.04%, so SPSM currently pays the higher dividend yield.
Is VOO better than SPSM?
SPSM led over 1Y, VOO over 3Y, 5Y and the full window. SPSM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.