SPY vs SSMG
State Street SPDR S&P 500 ETF Trust vs Virtus Silvant Small/Mid Growth ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | SSMG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.39% | |
| AUM | $789.1B | $3M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 82 | |
| YTD Return | +14.47% | +10.99% | |
| 1Y Return | +21.96% | - | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -13.7% | |
| Fund Family | State Street Investment Management | Virtus Investment Partners | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Apr 21, 2026 |
SPY vs SSMG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Virtus Silvant Small/Mid Growth ETF (SSMG) is a ETF from Virtus Investment Partners. Year to date, SPY is up 14.47% versus a gain of 10.99% for SSMG.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -13.7% for SSMG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while SSMG charges 0.39%. On a $10,000 position that is $9 vs $39 annually, a gap of $30 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for SSMG.
Holdings Overlap
SPY and SSMG share 5 holdings out of 580 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or SSMG?
SPY has an expense ratio of 0.09% while SSMG charges 0.39%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
What is the holdings overlap between SPY and SSMG?
SPY and SSMG share 5 common holdings with a 0.7% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, SPY or SSMG?
SPY yields 1.01% while SSMG yields 0.00%, so SPY currently pays the higher dividend yield.
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